“The idea developed by the Euro-crats would force governments to live within their means and to spend only that money which they take in themselves. Only then would they be able to maintain full national control of their expenditures. Should the concept work, it has the potential of transforming the current debt union into a union of stability.”
That’s essentially how the United States was SUPPOSED to work. Each state running itself pretty much independently, with DC only taking on tasks that had to be done at the federal level. The states would not be permitted to run deficits or print money. Of course the feds ended that experiment with Social Security, and the states haven’t done a whole lot better, taking on huge debt loads (i.e., Governor Perry’s big legacy in Texas, besides selling off our highways, will be the huge debt that we have to deal with).
Except the United states was formed by a group of entities with a common language, common culture, no history, and a common goal to rid themselves of a common tyranny. The founding fathers were creating a nation of common interests, not trying to merge existing nations of differing interests, languages, and cultures, some of which have been around and seperately evolving for over a thousand years (England and France). Oh, and just another tiny difference: the people of the differing nations of Europe don’t want it, not even the German people, only the politicians of just about every party aside from the UKIP.