The Economist: The America that works

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    Mar 22, 2013 12:30 AM GMT
    http://www.economist.com/news/leaders/21573544-luckily-dysfunction-washington-only-one-side-americas-story-america-works?frsc=dg|a

    In May the greatest nation will hit its debt ceiling; unless it is raised, Uncle Sam will soon start defaulting on his bills.

    This is the America that China’s leaders laugh at, and the rest of the democratic world despairs of. Its debt is rising, its population is ageing in a budget-threatening way, its schools are mediocre by international standards, its infrastructure rickety, its regulations dense, its tax code byzantine, its immigration system hare-brained—and it has fallen from first position in the World Economic Forum’s competitiveness rankings to seventh in just four years. Last year both Mr Obama and his election opponent, Mitt Romney, complained about the American dream slipping away. Today, the country’s main businesses sit on nearly $2 trillion in cash, afraid to invest in part because corporate bosses cannot imagine any of Washington’s feuding partisans fixing anything.

    Yet there is also another America, where things work. . . . Pressed for cash, states are adopting sweeping reforms as they vie to attract investments and migrants. Louisiana and Nebraska want to abolish corporate and personal income taxes. Kansas has created a post called “the Repealer” to get rid of red tape and pays a “bounty” to high schools for every vocational qualification their students earn in certain fields; Ohio has privatised its economic-development agency; Virginia has just reformed its petrol-tax system. In this second, can-do America, creative policymaking is being applied to the very problems Congress runs away from.
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    Mar 22, 2013 12:44 AM GMT
    The Realist: America is not a country, dumbass...it's a combination of two continents.
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    Mar 22, 2013 1:12 AM GMT
    topathlete said
    paulflexes saidThe Realist: America is not a country, dumbass...it's a combination of two continents.

    That title was from the Economist, a highly respected publication. Calling the OP a dumbass for that makes you look quite stupid.
    I was calling the "highly respected publication" a dumbass. Your failure to realize that makes you look quite stupid. icon_wink.gif
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    Mar 22, 2013 4:31 AM GMT
    Indirectly criticizing the congress by praising the local initiatives to move forward is low. Indirectly criticizing the congress by forging Chinese leaders as imaginary critics is even lower. For an article published in Economist, I would expect the author to shed light on some deep reasons of the mess in the congress and what his take on the solution.
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    Mar 22, 2013 5:46 AM GMT
    This is really a shockingly poor article to have appeared in the Economist. Perhaps a guest column?

    First: The US won't default. This is a poor, sensationalistic assessment of what would happen.

    Second: China's laughing???

    Third: Corporations are sitting on $2 trillion in cash not for some vaguely sinister reason like "corporate bosses cannot imagine any of Washington’s feuding partisans fixing anything" but because of lack of demand.

    Fourth: How effective has eliminating state corporate and personal income taxes been? The impact of taxation (especially piddling state taxes) on businesses is laughably overstated. That must be why San Francisco is amid another tech boom, right? Because of the low taxes?

    The article is so wrong. It's like a mœbius strip of wrong...
  • conservativej...

    Posts: 2465

    Mar 22, 2013 3:02 PM GMT
    Let me make a statement Riddler then tie it to your article in a few simple words.

    The true strength f the European Union is that its' members may leave that union. In addition, the majority of members may forth a member to withdraw.

    The strength of America lies in the states cited in th article who are innovating and dropping the old drivel of liberal constraint as they move forward. America's true weakness as a nation is that these states have no mechanism in place to withdraw from the union, thus must carry the burden of a greater evil.

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