Frum: U.S. Can Learn From Europe's Budget Cuts

On NPR's Marketplace, David Frum looks at the similarities between Europe's budget issues and America's and argues that the U.S. can learn from Europe's solutions.

On Tuesday, Hungary's prime minister presented a new economic plan. The plan includes sharp cuts in salaries for government workers and a lower corporate tax rate.

The new Hungarian plan follows Monday's announced budget cuts by Germany: 80 billion euros over four years. Which in turn follows announcements of budget cuts by Spain back in May: 50 billion euros over three years. Ireland has cut public sector pay, ditto Greece (that's why those rioters were rioting).

Many of my fellow Republicans complain that President Obama wants to transform the United States into a European welfare state. But notice, it is those same European welfare states that are cutting budgets and constraining debt. It is the United States that is spending and borrowing with abandon.

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