Several governors who are usually proponents of fiscal responsibility including New Jersey's Chris Christie, Florida's Rick Scott, Ohio's John Kasich and Michigan's Rick Snyder, among others are ignoring the cliff on the horizon and stepping on the gas when they should be hitting the brake.

WSJ: Christina Corieri: States Can Save Taxpayers $609 Billion

"If a political issue emerges to turn apathy into opposition, there is a real possibility that street demonstrations similar to those that occurred in the early days of the Lee Myung-bak administration could further hamper Park's ability to get things done, " Scott Snyder, an analyst at the Council on Foreign Relations, said in a blog posting Wednesday.

NPR: South Korean Prez Stumbles In First Month On Job