The European Debt Crisis: A Preview of U.S. Woes?

Audrey Jones /

Similar issues are confronting both the U.S. and Europe today. As the Grecian debt tragedy unfolds, the underlying fear is that it may be a prequel to what will happen here.

The nation’s spending and debt situation is dire and our course must change. Washington is coming closer to the debt ceiling deadline; terse negotiations have led several in Congress to pull out of the talks reportedly over some insisting on tax increases that would harm a fragile economy. While Americans have clearly expressed their desire for bold action on our nation’s spending problem, some in Washington simply have not come to grips with the situation. (more…)