Wednesday, June 20, 2012

World Leaders Urge 'Fiscal Responsibility' as Europe Falls

Presidents and Prime Ministers Argue About Austerity Vs. Stimulus

Leaders of the UK, Germany, and South Korea are insisting on austerity, incredibly, with Europe on the brink of collapse and the United States stuck in a managed (for now) depression. Read more.

Seoul has nerve. If not for Washington, South Korea would long ago have been conquered by China-backed North Korea. A defense dependent that is reliant on the physical presence within its borders of some 30,000 U.S. troops really has no business lecturing its ally and other nations about anything.

Related: Greece Close to Coalition as Athenians Queue for Free Fruits and Vegetables