And I emphasized that the fiscal problem in Europe is the size of government, not the fact that nations are having a hard time borrowing money. As explained in this video, spending is the disease and deficits are one of the symptoms.
This is also an issue in the United States, and Steve Moore of the Wall Street Journal is worried that the GOP ticket is debt-obsessed and doesnít have sufficient enthusiasm for lower tax rates and tax reform.
Stylistically, Paul Ryanís Republican convention speech last night was a grand slam. ÖBut was it the growth message that supply-siders wanted to hear, or debt-clock obsession? There were clearly apocalyptic claims. ďBefore the math and the momentum overwhelm us all, we are going to solve this nationís economic problems,