WAPO Wrong Again: Spain and Ireland Did Not Overspend and Overborrow

As President Reagan used to say, "there you go again." Yes, the Washington Post is once again telling its readers that the problem in Europe is profligate spending by the crisis countries. The fact that this is not true apparently does not concern the paper.

At one point a front page article on the governmental crisis in Greece tells readers:

"Governments have dramatically cut spending in Greece and other euro-zone members — including Spain, Italy and Ireland — to try to restore investor conf...