Georgia Follows more Prudent Budgeting
By Sen. Chip Pearson

ATLANTA (May 13, 2010) – Backers of the reckless spending that has permeated Washington have found company in our European neighbors. The mega bailouts on which modern governments rely threaten to drown entire countries in their own debt. Greece’s bailout package worth $1 trillion further perpetuates this “culture of cash” on an international scale. While our country continues to weaken the dollar by spending its way to an unprecedented deficit, we’ve seen the euro slide to a 14-month low amid worldwide financial unease. In such global instability, a fiscally responsible approach is the best answer to steadying our economy and protecting our country from the downfall of others.
Continue reading “Greece’s Financial Woes serve as a Cautionary Tale for U.S. Debt”

