Obama: A Simple Economic Problem
British Prime Minister David Cameron explains why this is no time for stimulus spending, and that England is growing because it faced up to its overspending habit.
We have to understand, this is a debt crisis. It's not a traditional cyclical recession, where you just turn on the money taps. You've got to deal with the debts. You've got to show the world you can pay for your debts, as well as having a very strong growth strategy.
Dems cry for stimulus even when they know it won't work because they don't want to disturb the money flow.