Tuesday, February 28, 2012

US Economy Worse Than Most of Europe

By John Bachman

Economist Michael Tanner of the Cato Institute tells Newsmax.TV that the U.S. economy is more debilitated than most European countries.

“If you actually look at debt in the U.S., the deficits that we are running and the debt that we are accumulating, we are actually in a worse fiscal position than most of the countries in Europe,” the senior fellow at Cato said.

“The problem is — it’s an ongoing thing in this country,” he insisted in the exclusive Newsmax.TV interview.

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