Quote:
Originally Posted by DanishDynamite
Uh...let me remind you that the economy of the US is less than even the Euro-countries, i.e. the 15 European countries which have decided to have a common currency. It is far less than the EU's economy as a whole, of course.
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Now for the real deal,
Click on the link above to get all the hyper links, I don't feel like doing all that over again.....
As for the Deficit, it's less than 20% of our spending, the biggest problem is that since the 1970's we've increased spending a bit over 13 Fold. While Net inflows of cash to the government has grown slightly less than 13 fold. I go into detail on there on my website.
As for the Poor in this country, Well there's an article here by the Heritage foundation
Here's some quotes from that Article:
* Forty-three percent of all poor households actually own their own homes. The average home owned by persons classified as poor is a three-bedroom house with one-and-a-half baths, a garage and a porch or patio.
* Eighty percent of poor households have air conditioning. By contrast, in 1970, only 36 percent of the entire U.S. population enjoyed air conditioning.
* Six percent of poor households are considered overcrowded; two-thirds have more than two rooms per person.
* The typical poor American has more living space than the average individual living in Paris, London, Vienna, Athens and other European cities. (These comparisons are to the average citizens in foreign countries, not to those classified as poor.)
* Nearly three-quarters of poor households own a car; 31 percent own two or more cars.
* Ninety-seven percent of poor households have a color television; over half own two or more color televisions.
* Seventy-eight percent have a VCR or DVD player; 62 percent have cable or satellite TV reception.
* Eighty-nine percent own microwave ovens, more than half have a stereo, and a more than a third have an automatic dishwasher.
Here's another one by the American Enterprise Online.
And then of course there's the in depth analysis done by the Swedish Think Tank Timbro, it's long at 49 pages, but one of he most eye opening things that I've read in a long time.
You can continue to live as you have with your head buried in the sand, or you can choose to open your eyes and take a peek at the links, but don't blame me if you can't sleep at night because your entire world view has just been shattered.
Basically, if every country in Europe, except your Money Center, Sweden were a U.S. State, you would be considered poorer than our 4 poorest states.