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Why the debt crisis in Europe matters to American families

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About R. Mitchell

Rich Mitchell is the Sr. Managing Editor of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and

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  1. The domino effect will no doubt be disastrous for all of the EU if Greece starts the wrecking ball rolling, as Tony’s cartoon so perfectly depicts here. I view this whole situation as the direct result of the European Socialism model proving just what happens when government co-mingles/ interferes with/takes over the private sector. Everyone ends up in poverty. This is also the exact model of government that Barack Obama is installing in America today. They say they are for the middle class and the poor, but look at who gets hurt the worst under the austerity measures.. the working class that ends up paying the huge tax increases that must be levied eventually. In 2010 Greece’s U/E rate hit 13% and now approaches..a whopping 17%.


    No wonder they were rioting. Will America be the next Greece?