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stinkcat_14
Guest
Actually, you have to look at both assets and liabilities. For example. it is not uncommon to have companies that have debt equal to 4-5 times their annual earnings.I have a clear conscience. How can you say a country is rich when it is this heavily in debt? Would you classify yourself as rich if you owed 4 to 5 times your annual income, and were going into debt at 1 and half times your income every year?
A lot of ways to tackle the health care issue. Including treating it like auto insurance and allow more open competition, providing individuals the same tax benefits as companies for purchasing it, lowering training requirements for medical personnel, government subsidizing facilities or personnel etc. etc. etc.
Part of the problem is that without raising taxes and without cutting defense, medicare and social security, it is impossible to balance the budget. We will not see a balanced budget as a permanent feature of our economy in our lifetime, regardless of whether republicans or democrats are in charge. The only hope we have is if a democrat is elected and raises taxes and then Congress gets taken over by republicans which slows the growth (because they will not cut) of spending.No idea how other countries are doing it, for the US to do it we have to radically revise either the federal spending, the federal income or (most likely) both. Stimulating the economy to produce more jobs would certainly be a help. Lot’s of factors, and it won’t be simple. As you said, we keep believing we’re the world’s policeman, country re-builder and peacemaker-- that costs.