Well, the message should be is we need to get our fiscal house in order. I mean, what threatens our economy. I think really what's threatening the European economies is The incredible level of debt that all these nations have taken on to support a welfare system that simply is not sustainable. So we need to take a look at what's happening in Europe, not repeat those same mistakes, begin to put a credible plan on the table to stabilize our debt in relationship to our gdp, to give really confidence to the markets. (02:30–02:37)
CLAIM
Asserts that European nations have unsustainable debt levels due to welfare systems.
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