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. And you know, Neil, I think the good news is we have an election here in November and there is such a propensity for this economy to grow. (02:37–02:47)
CLAIM
Asserts the need for the U.S. to stabilize its debt relative to GDP to avoid European mistakes.
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