I do think the decline of the US is caused by a lack of progress in their politics. They knew 30 years ago what the issues of today would be and have continually kicked-the-can to the next administration, without solving or addressing the problems.
Also, the article seems to indicate that people at Wal-Mart on food stamps are a greater cause of the decline than the excessive greed on Wal-Street, that lead to the current Great Recession, the loss of $1 trillion of wealth and their dependence on tax payer money to bail them out. Which were needed or the recession would have been much more severe and last a lot longer. (re: Japan lost decade)
Not to mention the fact that over the last decade wages have dropped, and not kept up with inflation, health-care costs rise for both business and individuals, reducing the amount of money for business and personal investment.
1 comment:
These articles not directly related to points in the article but I found interesting:
An explanation on how the 2011 budget starts to put the US back on a sustainable economic path:
http://www.americanprogress.org/issues/2010/02/obama_budget.html
On why health-care reform is so important:
http://baselinescenario.com/2010/01/20/one-more-thing/
I do think the decline of the US is caused by a lack of progress in their politics. They knew 30 years ago what the issues of today would be and have continually kicked-the-can to the next administration, without solving or addressing the problems.
Also, the article seems to indicate that people at Wal-Mart on food stamps are a greater cause of the decline than the excessive greed on Wal-Street, that lead to the current Great Recession, the loss of $1 trillion of wealth and their dependence on tax payer money to bail them out. Which were needed or the recession would have been much more severe and last a lot longer. (re: Japan lost decade)
Not to mention the fact that over the last decade wages have dropped, and not kept up with inflation, health-care costs rise for both business and individuals, reducing the amount of money for business and personal investment.
Rant over..need breakfast.
Post a Comment