G-20 Leaders More Conservative than U.S.

By Bill Glynn

G-20 leaders were clear that their countries would not spend trillions in their own economies stating clearly it is fiscally irresponsible. Even liberal nations like France oppose huge stimulus packages! Who would have thought the U.S. would have a more liberal position than France? The U.S. plans to borrow and mint an unprecedented amount of money. They hope to spend their way out of the economic disaster, but it's not spending when most of the money is new borrowing and printing new currency, is it? I don't know what economists and mathematicians are out there these days. $3 trillion to start with is so fiscally irresponsible that the G-20 nations are looking at us in disbelief. And disbelief is what is happening to the U.S. Rudy Giuliani on Fox News last week made a convincing argument. If we were a company (sound familiar?), the U.S. would be a bad investment. It's true! Who is running these numbers?

The Democratic Congress and White House are asking the world, like Hillary Clinton pandering to the Chinese, to buy more of our debt. If your child had gone crazy and had an unlimited spending amount on a credit card and spent more money than you could repay over decades and asked to spend even more than the splurge, what would you do? This is what America has become - a child in a toy store with a credit card from China, Russia and the rest of the world. Our parents are not happy and I am certain will take away our credit cards soon. All the toys in the budget - much of which is not to fix the economy as it is touted - is reckless, irresponsible and a policy that you would find in the Land of Misfit Toys. It is clear that G-20 nations agree. [more...]