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USANews版 - GOP Hopefuls Say Let Europe Solve Debt on Its Own
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Wednesday, 09 Nov 2011 08:56 PM
ROCHESTER, Mich. — Republican presidential hopefuls agreed Wednesday night
that Europe's countries should rise or fall on their own without any
American bailout and warned that failing to cut budget deficits at home will
doom the U.S. economy to the same sort of crisis that now plagues Greece
and Italy.
Though sexual harassment allegations facing Herman Cain have dominated
coverage of the Republican campaign for more than a week, the debate focused
almost entirely on economic worries and proposed solutions.
"Europe is able to take care of their own problems. We don't want to step in
and bail out their banks and their economies," former Massachusetts Gov.
Mitt Romney said as he and GOP rivals met for the first time in three weeks
in a campaign debate.
Even so, he said the United States should continue contributing to
organizations like the International Monetary Fund that are working to
prevent a meltdown in troubled economies overseas.
Rep. Ron Paul of Texas was more emphatic about Europe's debt. "You have to
let it liquidate. We took 40 years to build up this worldwide debt," he
added.
Cain said there isn't much the United States could do to directly to help
Italy at present because the economy there is in such difficult shape. "We
need to focus on the economy or we will fail," he said, referring to the U.S
. and calling for spending cuts, a strong dollar and measures to stimulate
growth.
Also in the debate were candidates Gov. Rick Perry of Texas, Rep. Michele
Bachmann of Minnesota, former Sen. Rick Santorum of Pennsylvania, former
Utah Gov. Jon Huntsman, and former House Speaker Newt Gingrich.
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话题: europe话题: gov话题: debt话题: own话题: former