HolyCoast: Obama to EU: Borrow Yourself Stupid Like I'm Doing

Saturday, May 19, 2012

Obama to EU: Borrow Yourself Stupid Like I'm Doing

Bad advice:
U.S. President Barack Obama will press European leaders to ease up on fiscal austerity and focus on economic growth at a summit on Saturday that will discuss ways to stem turmoil in the euro zone and head off the risk of global contagion.
Obama thinks Europe can spend its way to prosperity. Look how well it's worked in the US.

3 comments:

John said...

Churchill once said that trying to tax your way to prosperity is like standing in a bucket and trying to lift yourself up by the handle.

Larry said...

Only government will prosper and only in the short term.

Coincidentally, Obama is only concerned with the government and the short term.

Sam L. said...

The only way to spend your way to prosperity is by taxing the citizenry and everybody else into poverty. This is known as "bad luck".