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Balanced Budgets: Tea Party 'Terrorizing' Europe

Balanced Budgets: Tea Party 'Terrorizing' Europe

While American lawmakers and the president are watching their disastrous monetary and fiscal policies unfold with the credit downgrade of U.S. debt by Standard & Poor’s (S&P), some European countries are finally waking up to the reality of failed Keynesian economic policies that the tea party has been warning about for years. Last week, Italy and France have both proposed adding a Balanced Budget Amendment to their constitutions.