Government

Economic signs that America is on the decline – Fortune

If the authors of this study are correct, America is indeed in trouble and we should be ashamed of ourselves and outraged at our politicians.

While Rome burns, we make great progress with seven days sick leave, free birth control and battles over abortion and same-sex marriage.

Heaven forbid we should focus on the economy and take those steps that create demand for our goods and services, expand trade and otherwise directly contribute towards jobs and growth. Never mind focusing on strengthening the middle class, it’s more fun to promise lots of free stuff that no one except the “billionaire class” will have to pay.

Let’s not tell people the truth about immigration and how it is necessary and valuable to our Country and actually fix our laws, rather fight about it for years and go nowhere. Don’t restructure our tax code, just complain about the handful of people affected by carried interest.

Keep telling people the rich make too much money, instead of taking steps to help everyone else make more. It’s just easier and more popular to tear down than tell the truth about what it takes to build up.

Grow the economy. Make it desirable for companies to bring jobs to America, to build in America, to create in America, to do business in America‼️

The fiddlers in Washington have to go. The authors of the study worry about instability. Well, the greatest problem we face today is the stability we give to career politicians. TERM LIMITS‼️

America’s child poverty levels are worse than in any developed country anywhere, including Greece, devastated by a euro crisis, and eastern European nations such as Poland, Lithuania and Estonia.

Median adult wealth in the US ($39,000) is 27th globally, putting it behind Cyprus, Taiwan, and Ireland. Even when “life satisfaction” is measured, America ranks #12, behind Israel, Sweden and Australia.

Overall, America’s per capita wealth, health and education measures are mediocre for a highly industrialized nation. Well-being metrics, perceptions of corruption, quality and cost of basic services, are sliding, too.

Healthcare and education spending are funding bloated administrations even while human outcomes sink, the authors say. “We looked at very broad measures, and at individual measures, too,” said co-author Hershey H. Friedman, a business professor at Brooklyn College – City University of New York.

The most dangerous sign they saw: rising income and wealth inequality, which slow growth and can spark instability, the authors say.

Source: Economic signs that America is on the decline – Fortune

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