Tuesday, November 29, 2011

Home Truth

Bret Stephens, in the Wall Street Journal:

The U.S., Russia, Japan, Canada and the EU have all but confirmed they won't be signing on to a new Kyoto. The Chinese and Indians won't make a move unless the West does. The notion that rich (or formerly rich) countries are going to ship $100 billion every year to the Micronesias of the world is risible, especially after they've spent it all on Greece.
We're starting to run out of other people's money.

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