Europe spurns Obama's plea for more spending FORTUNE -- "President Obama wants to slow Europe's headlong rush to austerity. But right now he looks like little more than a speed bump for the cutback crowd. Obama has sought to use the upcoming meeting of the Group of 20 global finance ministers in Canada this weekend as a rallying cry for more fiscal stimulus. He argues that cutting government spending now risks undermining a fragile recovery in debt-soaked Western economies. In the most striking contrast, the United Kingdom on Tuesday unveiled a budget that will slash real spending in many government departments by 25% over four years. Katherine Smith of economic research firm IHS Global Insight said the cuts were "truly eye-watering." G-20 preview: Obama's stimulus plea to be ignored by Europe - Jun. 23, 2010 Let's use COMMON SENSE Mr President. The time for INCREASED gov't spending is over. Europe has stuck a fork in it and declared it done. Recovery is going to be a long-haul either way, so let's not continue to build upon this mountain of debt. It's time for us to roll up our sleaves and go to work on how we can REDUCE the burden we are leaving future generations. No one I have spoken with in the past year wants to see taxes increased, nor do we want sneaky fees levied upon everything imagineable. I'm very excited about what Europe is telling Mr Obama despite his urgent calls for continued stimulus spending. And I'm growing extremely weary of our president's lack of a true grasp of reality.