America's Exiting the First World

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October 22, 2013

America’s Exiting the First World

“We are on course to becoming the first nation of negative-millionaires.”

Columnist Mark Steyn: "We are on course to becoming the first nation of negative-millionaires. … In Australia, each citizen’s share of the debt is $12,000; in New Zealand, it’s $15,000 per person; in Canada and Spain, $18,000; in the United Kingdom, $28,000; in Germany and France, $38,000; Italy, $44,000. And in the United States it’s $54,000 per person – twice as much as Britain, thrice as much as Canada, closing in on five times as much as Oz. On this trajectory, America is exiting the First World. And that’s before counting the ‘unfunded liabilities’ that Washington keeps off the books but which add another million bucks per taxpayer. Nor does it include Obamacare, with which the geniuses of the ‘technocracy’ have managed to spend a fortune creating the Internet version of a Brezhnev-era Soviet supermarket. … Either you think those numbers above are serious or you don’t. And, if you do think they’re serious and you’re a ‘lawmaker’ … when are you going to get serious? Next month? Next year? Or shall we all sportingly agree to leave it till 2015 after the bipartisan deal on a $20 trillion debt ceiling?“

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