Chris
06-25-2012, 08:25 PM
The US follow Canada's conservative policies. Here I suggest the same, follow Mexico's conservative policies.
The US Should Take Lessons From Mexico (http://original.antiwar.com/eland/2012/06/19/the-us-should-take-lessons-from-mexico/)
...The developing world needs to pay heed to Mexico’s model of an open and free economy without excessive debt. The model promises much greater long-term growth than the state-centered Brazilian developmental orientation. The U.S. economic colossus, still in the economic doldrums because of excessive public and private debt, also needs to emulate its southern neighbor. For example, instead of increasing regulation on business — such as the financial and health care industries — the United States needs to fully deregulate markets and allow competition to flourish, thus bringing prices down.
...Politicians from all stripes seem to be frantic about the impending across-the-board cuts — Democrats warn that cuts in domestic spending could be bad for the economy, and Republicans are screaming that defense cuts will eviscerate U.S. national security. All of this is hogwash.
At worst, the cuts might lead to another short-term recession, but reducing the economic drag of crushing government debt eventually would likely lead to vibrant and sustained economic growth in the longer term. Cutting the bloated defense budget — at record post-World War II highs with few potent threats to fight — even significantly would hardly put a dent in the U.S. status as the dominant military power on the planet.
The only way to meaningfully slash the budget in Washington is to do so across the board with “shared sacrifice” as the theme. That way, the lobbyists have a harder time wheeling and dealing their way out of the cuts. Historically, for political reasons, budget deficits are usually closed with a combination of tax increases and spending cuts. Although the default option is not perfect, congressional inaction promises the largest deficit and budget reduction. Paying heed to its southern neighbor’s success through frugality in debt management, Congress should do nothing and let the ax fall on New Year’s Day.
From Mexico GDP Annual Growth Rate (http://www.tradingeconomics.com/mexico/gdp-growth-annual):
http://i.snag.gy/MT4Gs.jpg
The US Should Take Lessons From Mexico (http://original.antiwar.com/eland/2012/06/19/the-us-should-take-lessons-from-mexico/)
...The developing world needs to pay heed to Mexico’s model of an open and free economy without excessive debt. The model promises much greater long-term growth than the state-centered Brazilian developmental orientation. The U.S. economic colossus, still in the economic doldrums because of excessive public and private debt, also needs to emulate its southern neighbor. For example, instead of increasing regulation on business — such as the financial and health care industries — the United States needs to fully deregulate markets and allow competition to flourish, thus bringing prices down.
...Politicians from all stripes seem to be frantic about the impending across-the-board cuts — Democrats warn that cuts in domestic spending could be bad for the economy, and Republicans are screaming that defense cuts will eviscerate U.S. national security. All of this is hogwash.
At worst, the cuts might lead to another short-term recession, but reducing the economic drag of crushing government debt eventually would likely lead to vibrant and sustained economic growth in the longer term. Cutting the bloated defense budget — at record post-World War II highs with few potent threats to fight — even significantly would hardly put a dent in the U.S. status as the dominant military power on the planet.
The only way to meaningfully slash the budget in Washington is to do so across the board with “shared sacrifice” as the theme. That way, the lobbyists have a harder time wheeling and dealing their way out of the cuts. Historically, for political reasons, budget deficits are usually closed with a combination of tax increases and spending cuts. Although the default option is not perfect, congressional inaction promises the largest deficit and budget reduction. Paying heed to its southern neighbor’s success through frugality in debt management, Congress should do nothing and let the ax fall on New Year’s Day.
From Mexico GDP Annual Growth Rate (http://www.tradingeconomics.com/mexico/gdp-growth-annual):
http://i.snag.gy/MT4Gs.jpg