As the Eurozone heads for the abyss, wedded to the same damaging policies that threaten to bring the United States to its knees, Americans will be sharply reminded of President Obama’s own big government agenda, and his administration’s addiction to squandering other people’s money. The Greek tragedy is a nightmare for Barack Obama, because it holds a mirror to his own presidency’s mounting debt crisis, against a backdrop of the biggest rise in federal spending in US history. With good reason, the unfolding drama in Europe is a mounting liability for the American president.
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