Herein lies the difference between the U.S. and Europe: “A new Rasmussen Reports national telephone survey finds that 55% of Likely U.S. Voters say, generally speaking, that the president’s budget proposal cuts government spending too little. Ten percent (10%) say it cuts too much, while 26% say his budget cuts about the right amount.”
While Americans actually want their government to stop spending, Greeks continue to protest the government austerity that they need more than we do. From the Financial Times, yesterday: “Greece plunged deeper into recession in the fourth quarter as household spending slumped and workers stepped up anti-austerity strikes and street protests. … Bus, metro, tram and trolley services shut down in a co-ordinated protest by unions seeking to wrest last-minute concessions from the socialist government.”
But in these topsy-turvy times, the American president offers a budget that answers the Europeans’ wish for extended spending, and European leaders are acting as if their constituents were Tea Partiers.