This I find hilarious. The liberals can’t say enough good things about the screwed up European Union, they of the mass-socialism variety. The Far Left loves the lack of borders, the standard currency, the nanny government and, of course, the complete and utter capitulation to the United Nations.
According to Sen. Judd Gregg (R-NH), however, our debt levels wouldn’t even allow us to join the European Union, which is of course exceedingly ironic and thoroughly entertaining.
The United States wouldn’t even be eligible to enter the European Union if it wanted to because of its debt levels, Sen. Judd Gregg (R-N.H.) claimed Thursday.
“We won’t even be able to get into the EU if we wanted to,” Gregg said this morning on MSNBC, “because our government is so large and so huge.”
The European Union’s Stability and Growth Pact (SGP) adopted in 1997 requires a budget deficit to be less than three percent, and requires a national debt beneath 60 percent of Gross Domestic Product (GDP).
“We’ve been lectured by France on the fact that we’re not fiscally responsible right now,” Gregg, the would-be commerce secretary, noted with incredulity.
According to the Congressional Budget Office, the yearly budget deficit would fall well beyond that threshold in coming years.
Still, Gregg expressed resignation with the likelihood that the Obama administration’s proposed budget would emerge successfully from Congress.
Anytime we get lectured by FRANCE for being too socialist, well, we know there are some major issues we need to handle. Among others, the fact that we have a tax cheat in charge of our money, a demon running the House and a socialist as President are kind of big ticks in the “issues” column.
