[Hoot Gibson]

Europe's economy is crumbling, especially in the cases of Greece, Ireland, and Iceland. The largest country that is in danger of collapsing under the weight of public debt is Spain, which not coincidentally spent large sums of money building wind turbines. Portugal's economy is also in serious trouble. The potential for a domino effect in the case of the EU has been compounded by their decision to move to a common currency.

Meanwhile, in this country, Democrats are refusing to even pass a budget (as required by law) in the US Senate, as our national debt has soared above $14 trillion and the total amount of unfunded obligations, including Social Security and Medicare has climbed to over $50 trillion. Obama and the Democrats are pursuing exactly the same kind of fiscally irresponsible policies that threaten to bankrupt Europe.

Most European governments, including Greece, see the writing on the wall and have begun curtailing the growth of government programs in an effort to stave off a total system failure. Here, Democrats are proposing more spending to "stimulate" the economy.