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May 15, 2009 at 4:56 PM in reply to: Article: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ #400389May 15, 2009 at 4:56 PM in reply to: Article: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ #400448
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ParticipantJust to put things in perspective:
May 15, 2009 at 4:56 PM in reply to: Article: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ #400591ParticipantJust to put things in perspective:
Participant[quote=urbanrealtor]my office would be the back patio of the Alibi[/quote]
Wait, the Alibi has a back patio? Do they serve Thai food on the back patio?
Participant[quote=urbanrealtor]my office would be the back patio of the Alibi[/quote]
Wait, the Alibi has a back patio? Do they serve Thai food on the back patio?
Participant[quote=urbanrealtor]my office would be the back patio of the Alibi[/quote]
Wait, the Alibi has a back patio? Do they serve Thai food on the back patio?
Participant[quote=urbanrealtor]my office would be the back patio of the Alibi[/quote]
Wait, the Alibi has a back patio? Do they serve Thai food on the back patio?
Participant[quote=urbanrealtor]my office would be the back patio of the Alibi[/quote]
Wait, the Alibi has a back patio? Do they serve Thai food on the back patio?
ParticipantThriving Norway Provides an Economics Lesson
Norway has thrived by going its own way. When others splurged, it saved. When others sought to limit the role of government, Norway strengthened its cradle-to-grave welfare state.
…
And in the midst of the worst global downturn since the Depression, Norway’s economy grew last year by just under 3 percent. The government enjoys a budget surplus of 11 percent and its ledger is entirely free of debt.
By comparison, the United States is expected to chalk up a fiscal deficit this year equal to 12.9 percent of its gross domestic product and push its total debt to $11 trillion, or 65 percent of the size of its economy.
…
Instead of spending its riches lavishly, it passed legislation ensuring that oil revenue went straight into its sovereign wealth fund, state money that is used to make investments around the world. Now its sovereign wealth fund is close to being the largest in the world, despite losing 23 percent last year because of investments that declined.
Their finance minister belongs to the “Socialist Left Party.”
Of course the argument against Norway’s system is the jobless bum leeching off of it to buy drugs. But at the macro level it looks like Norway’s socialist system could be something even most of the hardcore capitalists would be envious of.
ParticipantThriving Norway Provides an Economics Lesson
Norway has thrived by going its own way. When others splurged, it saved. When others sought to limit the role of government, Norway strengthened its cradle-to-grave welfare state.
…
And in the midst of the worst global downturn since the Depression, Norway’s economy grew last year by just under 3 percent. The government enjoys a budget surplus of 11 percent and its ledger is entirely free of debt.
By comparison, the United States is expected to chalk up a fiscal deficit this year equal to 12.9 percent of its gross domestic product and push its total debt to $11 trillion, or 65 percent of the size of its economy.
…
Instead of spending its riches lavishly, it passed legislation ensuring that oil revenue went straight into its sovereign wealth fund, state money that is used to make investments around the world. Now its sovereign wealth fund is close to being the largest in the world, despite losing 23 percent last year because of investments that declined.
Their finance minister belongs to the “Socialist Left Party.”
Of course the argument against Norway’s system is the jobless bum leeching off of it to buy drugs. But at the macro level it looks like Norway’s socialist system could be something even most of the hardcore capitalists would be envious of.
ParticipantThriving Norway Provides an Economics Lesson
Norway has thrived by going its own way. When others splurged, it saved. When others sought to limit the role of government, Norway strengthened its cradle-to-grave welfare state.
…
And in the midst of the worst global downturn since the Depression, Norway’s economy grew last year by just under 3 percent. The government enjoys a budget surplus of 11 percent and its ledger is entirely free of debt.
By comparison, the United States is expected to chalk up a fiscal deficit this year equal to 12.9 percent of its gross domestic product and push its total debt to $11 trillion, or 65 percent of the size of its economy.
…
Instead of spending its riches lavishly, it passed legislation ensuring that oil revenue went straight into its sovereign wealth fund, state money that is used to make investments around the world. Now its sovereign wealth fund is close to being the largest in the world, despite losing 23 percent last year because of investments that declined.
Their finance minister belongs to the “Socialist Left Party.”
Of course the argument against Norway’s system is the jobless bum leeching off of it to buy drugs. But at the macro level it looks like Norway’s socialist system could be something even most of the hardcore capitalists would be envious of.
ParticipantThriving Norway Provides an Economics Lesson
Norway has thrived by going its own way. When others splurged, it saved. When others sought to limit the role of government, Norway strengthened its cradle-to-grave welfare state.
…
And in the midst of the worst global downturn since the Depression, Norway’s economy grew last year by just under 3 percent. The government enjoys a budget surplus of 11 percent and its ledger is entirely free of debt.
By comparison, the United States is expected to chalk up a fiscal deficit this year equal to 12.9 percent of its gross domestic product and push its total debt to $11 trillion, or 65 percent of the size of its economy.
…
Instead of spending its riches lavishly, it passed legislation ensuring that oil revenue went straight into its sovereign wealth fund, state money that is used to make investments around the world. Now its sovereign wealth fund is close to being the largest in the world, despite losing 23 percent last year because of investments that declined.
Their finance minister belongs to the “Socialist Left Party.”
Of course the argument against Norway’s system is the jobless bum leeching off of it to buy drugs. But at the macro level it looks like Norway’s socialist system could be something even most of the hardcore capitalists would be envious of.
ParticipantThriving Norway Provides an Economics Lesson
Norway has thrived by going its own way. When others splurged, it saved. When others sought to limit the role of government, Norway strengthened its cradle-to-grave welfare state.
…
And in the midst of the worst global downturn since the Depression, Norway’s economy grew last year by just under 3 percent. The government enjoys a budget surplus of 11 percent and its ledger is entirely free of debt.
By comparison, the United States is expected to chalk up a fiscal deficit this year equal to 12.9 percent of its gross domestic product and push its total debt to $11 trillion, or 65 percent of the size of its economy.
…
Instead of spending its riches lavishly, it passed legislation ensuring that oil revenue went straight into its sovereign wealth fund, state money that is used to make investments around the world. Now its sovereign wealth fund is close to being the largest in the world, despite losing 23 percent last year because of investments that declined.
Their finance minister belongs to the “Socialist Left Party.”
Of course the argument against Norway’s system is the jobless bum leeching off of it to buy drugs. But at the macro level it looks like Norway’s socialist system could be something even most of the hardcore capitalists would be envious of.
ParticipantMeanwhile, capitalist sytems with a high degree of socialism — such as the Scandanavian countries — have some of the highest scores in the world on the quality of life scale.
We can debate Capitalism vs. Socialism for eternity. The debate recycles itself on this board every other thread it seems. Why not take the best of both worlds and go with something new?
If you ask me, a big problem with this country is that we’ve devolved into a nation of Dualists. Capitalism or socialism? Rep or Dem? Taxes or no taxes? “You’re either with us or against us.” These black and white choices at the extremes are the realm of the intellectually lazy and have no basis in reality — the world is not in black and white.
Perhaps the flip in the systems of the US and China simply represents the two systems meeting somewhere in the middle — a symbiotic equalibrium representing the best of both philosophies.
ParticipantMeanwhile, capitalist sytems with a high degree of socialism — such as the Scandanavian countries — have some of the highest scores in the world on the quality of life scale.
We can debate Capitalism vs. Socialism for eternity. The debate recycles itself on this board every other thread it seems. Why not take the best of both worlds and go with something new?
If you ask me, a big problem with this country is that we’ve devolved into a nation of Dualists. Capitalism or socialism? Rep or Dem? Taxes or no taxes? “You’re either with us or against us.” These black and white choices at the extremes are the realm of the intellectually lazy and have no basis in reality — the world is not in black and white.
Perhaps the flip in the systems of the US and China simply represents the two systems meeting somewhere in the middle — a symbiotic equalibrium representing the best of both philosophies.
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