The Washington Post today has a story by Howard Schneider and Anthony Faiola that leaves European leaders with egg on their face: despite warnings that the continent should help Greece out of its budget hole or risk the world economy, they fiddled while Athens burned.
While this story provides an important look back at what went wrong across the Atlantic, in Washington, and in U.S. states and cities, government leaders should take it as another clear sign to wake up to what Americans already know – our nation is barreling down a dangerous fiscal path; unless we change course before the crisis hits, we face dire, perhaps irreparable harm to our economic and fiscal future.
This Washington Post editorial is a must-read.
