Getting Back to AAA Will Be Tough
The United States might be able to learn from the experiences of Canada and Finland but there are notable differences.
Nick Ottens is a public affairs officer for the Dutch Animal Coalition and a board member for Liberal Green, the sustainability network of the Dutch liberal party VVD. He is a former political risk consultant and a former research manager for XPRIZE, where he designed prize competitions to incentivize breakthrough innovation in agriculture, food and health care. He has also worked as a journalist in Amsterdam, Barcelona and New York for EUobserver, NRC, Trouw, World Politics Review and Wynia’s Week, among others.
The United States might be able to learn from the experiences of Canada and Finland but there are notable differences.
Decades of welfarism have fostered an entitlement mentality.
Stock markets tumble around the world. Austrians school economists saw it coming several years ago.
The two semi-private mortgage giants were bail out by the United States government.
After a deep contraction, one small Baltic nation cuts spending and wages to regain competitiveness.
Frankfurt moves to purchase Italian and Spanish sovereign bonds in an attempt to defuse the European debt crisis.
Parties blame each other for their nation’s downgrade and are unable to find much common ground to help the recovery.
China is refurbishing a Soviet era carrier that poses no threat whatsoever to American naval dominance in the Pacific.
America’s public pension system has to be reformed if it is to remain solvent but Democrats are opposed to changes.
Military leaders and analysts warn against reducing defense spending by the hundreds of billions over the next ten years.
The French president’s economic policies have been unconvincing. His country remains uncompetitive compared to many of its neighbors.
Income tax receipts in the United States have remained exceptionally constant in recent decades, whatever the top rates.
Spaniards will probably give the conservatives a majority even though they have few specific economic plans.
The United States share responsibility for there not being a Sino-American dialogue.
Despite a deal to cut government spending, the United States could lose their top credit rating.