Marching Behind Europe Toward Cliff's Edge


Freedom is a two-edged sword, in that it grants us the opportunity to destroy our own destiny should we make wrong choices. But it doesn't have to be that way, should we choose to learn from others' mistakes.

The voice of reason beckons those who are willing to listen: Czech Republic president Vaclav Klaus sounded the warning bell regarding our economy last summer while in Berlin. "With the way your American government has been going," Klaus said, "you might be able to catch up with us - in terms of our problems - very soon."

Klaus was not kidding. Klaus was referring to America's snowballing debt and unbridled spending as compared to the dilemma faced by our European neighbors across the pond. Klaus said much of Europe's demise is due to over-regulation, an out-of-control welfare system, "new and more sophisticated forms of protectionism, and continuously growing legal and regulatory burdens on business."

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