Spain is a financial train wreck because of the exact same agenda that Barack Obama is trying to stuff down America’s throat. Spain is facing economic Armageddon because of big government, big spending, big taxes, big entitlements, big unions, big pensions, free healthcare, billions wasted on green energy, and, don’t forget, billions more on high speed rail. Size matters. And bigger isn't always better.
The golden lining in this entire mess is that we now have a model to save America. It’s simple. Cut spending dramatically. Cut government. Cut government employees. Cut pensions. And NEVER ever allow government to invest in the biggest scam of all-time: green energy. Spain's entire economy was wrecked by this progressive obsession with green energy and climate change. Every dollar spent on green energy kills three jobs in the private sector. That's why Spain is broke, insolvent, and jobless.
If you want to follow Spain into hell and Great Depression there is a simple answer — re-elect Barack Obama.
-- Wayne Allyn Root, May 1 Newsmax column