It seems worth noting that the United States is doing just fine -- except we have right wing nihilist MAGA Republicans.
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| It's not complicated. Click to enlarge. |
The United States’ debt ceiling crisis is, once again, provoking the usual commentary about the country’s presumed dysfunction. But the truth is that this unprovoked madness, causing self-inflicted wounds, is taking place against a backdrop of astonishing strength.
The facts cannot be disputed. The United States has recovered from the coronavirus pandemic faster than any major economy in the world. As Bloomberg’s Matthew A. Winkler recently pointed out, unemployment is stunningly low. Gross domestic product growth has grown at three times the average pace as under President Donald Trump, real incomes are rising, manufacturing is booming, and inflation has eased for 10 straight months. Even the budget deficit, which was at 15.6 percent of GDP at the end of the Trump presidency, has dropped to 5.5 percent of GDP at the end of last year.
... Unlike most rich countries, the United States has a strong working-age cohort that will not shrink, thanks to immigration. We still take in more than 1 million legal immigrants per year on average. ...We elect Democrats to keep it that way.
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