German Chancellor Angela Merkel will begin a push to exit stimulus schemes and instead focus on budget consolidation at the next G20 summit. The EU is concerned, rightly so, about their spiraling debt and their ability to pay.
This is in clear contrast to the position of President Obama. Obama just attempted to warn EU countries against reducing their budgets.
It is virtually mathematically impossible to pay the debt we have today. Worse, our debt continues to grow and the President continually argues in favor of it expanding. The President, Congress, and Senate need to understand that we cannot spend money we do not have as Germany just did.