Obama Tells Europe $1 Trillion for Greece is Not Enough

The news media's fixation with debt relief crowds out any serious discussion of the spending binge that has saddled Greece and its EU neighbors with enormous financial challenges. The reporting here from the New York Times puts all of its weight into the political maneuverings on both sides of the Atlantic without highlighting the imploding government programs that will beset future generations... Germany is already working in concert with other European Union nations to bailout Greece from i...

Obama’s Reticience to Tackle Entitlements Should Figure into Headline

Obama has not talked about cutting the national debt and instead favors more modest changes that would slow down future spending. Moreover, he's reluctant to take on entitlement spending, which economists say must be done before the national debt can be reduced. Unfortuantely, the headline states "Bipartisan Commission is Established to Reduce Debt." But this is not what Obama has in mind.... President Obama has set up a bipartisan commission that will supposedly look for ways to rein in the ...