Cure for Hemorrhage

Francois Hollande and Barack Hussein Obama each believe that the cure for a patient who is bleeding to death is a few more cuts. When a nation has spent herself into debt, the way out is never more spending. The Greeks have learned that hard lesson, Spain is learning, but France has failed the common sense test, and if the United States does not replace Obama in November, America too will flunk the most basic test of economics, but one with the gravest consequences for the globe.