Driving the Day: Another European Debt Domino

Yesterday, Portugal’s prime minister resigned as the parliament rejected his plan to tackle the country’s crippling debt.  Portugal’s finance minister said this “will provoke an immediate rise in the country’s risk and immediate consequences in terms of credit ratings.”  Sound familiar?

One thing is clear, debt-laden Portugal now seems poised to follow Greece and Ireland in seeking an international bailout.  America is walking down this same dangerous path.  We must heed this warning, because it is coming to America

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