The fairer and more responsible approach wouldbe for hospitals to hold politicians accountable for making unsustainable promises to Medicare and Medicaid beneficiaries.
"Some people have said that stopping government payments to Child Trust Funds isn't fair to children, but there wouldbe nothing fair about leaving the next generation with unsustainable debts that would mean higher taxes and poorer public services, " he said.
The fixed nature of the euro, as far as an Italy, Spain or Greece is concerned, was and is also a block on the historic way these countries ran unsustainable deficits, because in the old days deficits wouldbe inflated away in real terms by the devaluation of their currencies.