Summary: The welfare state in Europe is collapsing, with nations such as Greece and Portugal now shut out of private credit markets and countries such as Spain and Italy likely not far behind. Unfortunately, the United States may suffer a similar fate, thanks to demographic changes and poorly designed entitlement programs. Join Jim Dorn, one of the nation's leading economics and monetary policy experts, for a discussion of the many ways in which Washington has made a bad situation worse, and what reforms are necessary to save the U.S. from fiscal crisis.
