David Cameron, UK Prime Minister, recently stated that debt was not a sound basis for an economy. He warned that most EU countries already have national debts that are sinking their economies and most are borrowing about 8% again this year. He said that what is needed is smaller government, paying off the debt, and promoting private sector jobs. Cameron stated that a sound economy is based on savings and manufacturing … not on massive debt and government spending. Hmmmm … sounds vaguely “teaparty-ish” to me! Who would have thunk it?
An Erie Echo?
February 4, 2011 by Leave a Comment