Their problem is taxes not cuts

NY Times:

Europe Facing More Pressure to Reconsider Cuts as a Cure


European officials who favored austerity have adopted a softer tone, backing away from a strategy that is widely unpopular with the public.
When they talk about austerity what they do is raise taxes and cut spending which puts a brake on the economy.  What they need to do is cut spending and taxes which would give the private sector the ability to grow the economy and shrink government at the same time.  In the US the red states have done just that and have shown the strongest economic growth.   It has worked from Texas to Indiana, while raising taxes has been a disaster from Illinois to California.

The bottom line is that liberalism does not work.

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