Michael Medved

American media gave considerable coverage to the current debt crisis in Italy, with the government imposing emergency austerity measures to cut the deficit. The Italians sharply slashed spending since the overall debt level placed Europe’s third largest economy in real danger of collapse. Italian debt is worse than the US, but America is now far more vulnerable than most European nations – with a heavier debt load than Germany, France, and Great Britain. We’re even eight times worse off than Russia, in terms of debt as a percentage of GDP! Moreover, Italy’s taking dramatic steps to address the fiscal crisis with a deficit that’s 4.6% of GDP; in America, our deficit is more than twice as high! When Democrats resist the need for sweeping spending cuts, they ignore the examples of more enlightened leadership around the world.


Michael Medved

Michael Medved's daily syndicated radio talk show reaches one of the largest national audiences every weekday between 3 and 6 PM, Eastern Time. Michael Medved is the author of eleven books, including the bestsellers What Really Happened to the Class of '65?, Hollywood vs. America, Right Turns, The Ten Big Lies About America and 5 Big Lies About American Business
 
TOWNHALL DAILY: Be the first to read Michael Medved's column. Sign up today and receive Townhall.com daily lineup delivered each morning to your inbox.