Even Germany Gets It......no more spending

Way to go Angela Merkel, German Chancellor, who said last night when discussing a new global/European stimulus package: “I will not let anyone tell me that we must spend more money,” she said.

That was followed up by more reason when Spanish finance minister, Pedro Solbes, also dismissed new cash being pledged at Thursday’s London summit.

“In these conditions I and the rest of my colleagues from the eurozone believe there is no room for new fiscal stimulus plans,” he said.

It is shameful when what is considered "socialist Europe" spouts more fiscal commonsense than the United States.