After the launch of the euro in 1999 the bond markets were quick to shake off their doubts about the durability of monetary union without a commonfiscal or economic policy.
Many worry that partisanship in the U.S. leads to policy paralysis, but political disagreement here pales in comparison to the European Union, which has 27 member states whose political landscapes feature far more parties than the two-party system in the U.S. The U.S. also possesses a single jurisdictional political entity that allows it to enforce a commonfiscal and monetary policy across all of its parts.
In short, the dictates of common sense, fiscal responsibility and even Defense Department regulations have been seriously disserved by the latest "top-down" restructuring of the V-22 program to a reduced, single-service requirement.
