US Action News

The Norwegians gave him a Nobel Peace Prize just for getting elected, but they should have given him an Academy Award. This is world-class conmanship. Behind the scenes he’s more arrogant than ever.- American Thinker

Europe’s financial collapse is the result of extravagant deficit spending and the increased percentage of the population dependent on government handouts, which their people have begun to believe are entitlements. Europe’s cultural collapse is the result of allowing a tsunami immigration of people who will not assimilate into European civilization, will not obey the laws of their adopted country, and stubbornly retain their loyalty to and customs of their native land.

Europe’s financial collapse is the result of extravagant deficit spending and the increased percentage of the population dependent on government handouts, which their people have begun to believe are entitlements. Europe’s cultural collapse is the result of allowing a tsunami immigration of people who will not assimilate into European civilization, will not obey the laws of their adopted country, and stubbornly retain their loyalty to and customs of their native land.

No “immediate” crash of the Euro. Where will the trillions come from? UK says no.

While Obama pushes the US toward socialism the Europeans face the reality of having run out of other people’s money.

The conservatives won roughly 45% of the votes and the Socialists took 29%, according to official election results. In the last elections in 2008, the latter won by about four points.

The dominoes are beginning to fall. First Greece now Italy. Austerity measures required in Europe to bail out these bankrupt economies could cause a recession in the US economy. Europe is a big buyer of US goods and services.

The real problem is that Europe has created a massive welfare state that its shriveled, undynamic economies can no longer support.

“Its not just the European assumptions that are crumbling its the whole Keyensian edifice on which they rest. All those men who think think of themselves as practical but are in fact slaves to some long defunct economist are now finding that their belief system is in ruins. You cannot spend your way to growth. You cannot increase consumption without producing something at least not in the long term. and you cannot debase a currency without consequences and you cannot keep borrowing forever. And if you try to do those things what happens? You are about to find out.” – Daniel Hannan MEP for southeast England

Unions are fighting austerity measures across Europe and plan protests in 12 countries today including Ireland, Italy and Portugal, the European Trade Union Confederation says.