Quote:
Originally Posted by Webby
Meanwhile the US is consuming more than it can afford with spending at 160% of wages.
|
As far as spending goes it looks to me that the US government is just too scared to curb it - most probably the most effective way is to increase the basic interest rate which makes loans way too expensive - but yet again politicians only care about their re-election so why introduce unpopular measures, let the Americans spend, it's going to be their grandchildren that are going to pay the price...
and about Sleazy's comment (which btw has nothing to with economics) - the Europeans have better education but the Americans still have great professionals - meaning that a US doctor is at least as good as his EU colleague, the only difference is that he thinks that Canada is in Latin America
