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King Obama of America Meet King Philip II of Spain (1556)

Bad News Barnes Wrote: Sep 01, 2012 7:28 AM
Jack Sprat could eat no fat His wife could eat no lean And so betwixt the two of them They licked the platter clean

The economic model President Obama wants America to embark on has been tried many times in many places and every time its failed.  We are reminded of this when we look at Spain.  Massive government spending on projects like countless airports never used, high speed rail and new highways. 

Sure, it looks fantastic but there are no commercial trucks, there are no commuters, and the only mobility is downward. Three regions of Spain have requested emergency bailouts and more are lining up. 

They are bogged down with gigantic debt for public projects that were...

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