Although all eyes have been focused on the PIIGS in Europe (Portugal, Ireland, Italy, Greece, and Spain), and the CINN group in the US (California, Illinois, New York, New Jersey), tax and spend problems are everywhere you look, including Germany. Please consider German Municipalities face ?15-billion shortfall.Germany’s local governments are slipping into their budget worst crisis since World War II, with total deficits of ?15 billion forecast for this year, the German Association of Cities …

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Tax and Spend Policies Threaten US, Europe; Misguided Policies Everywhere Threaten Global Growth