Sorry, ive lived all over this country and 40% below the poverty line is complete hogwash created using BS political statistics.
Poverty in the USA means you own a car and live in a home. Poverty in other countries can mean you are nearly starving to death.
40% poverty? Ha. You would expect to tour the USA and see nearly half the population walking the streets begging for food. This is a complete joke.
Keep using funny numbers and you'll never make your case. Thats why the EU vs USA study is so important.
It doesnt use BS govt #'s like this but TANGIBLE comparisons, like homes, cars, TV's, etc.
Positive savings rate, debt, etc, is a PERSONAL choice, not something the govt. can control.
There is no point in comparing europeans that tend to save, to americans who tend to spend, because the govt has nothing to do with it.
I save like crazy, because I choose to.
So yes, it can be done in the USA too, not a govt problem.
You claim the US is headed in the terrible direction, but the statistics in the EU vs USA study show that the US is pulling further ahead of european countries!
The EU has the same problems as the USA, in regards to globalization, but its even worse, with their higher tax rates and govt. business choking rules and regulations.
Poverty in the USA means you own a car and live in a home. Poverty in other countries can mean you are nearly starving to death.
40% poverty? Ha. You would expect to tour the USA and see nearly half the population walking the streets begging for food. This is a complete joke.
Keep using funny numbers and you'll never make your case. Thats why the EU vs USA study is so important.
It doesnt use BS govt #'s like this but TANGIBLE comparisons, like homes, cars, TV's, etc.
Positive savings rate, debt, etc, is a PERSONAL choice, not something the govt. can control.
There is no point in comparing europeans that tend to save, to americans who tend to spend, because the govt has nothing to do with it.
I save like crazy, because I choose to.
So yes, it can be done in the USA too, not a govt problem.
You claim the US is headed in the terrible direction, but the statistics in the EU vs USA study show that the US is pulling further ahead of european countries!
The EU has the same problems as the USA, in regards to globalization, but its even worse, with their higher tax rates and govt. business choking rules and regulations.
Quote from Hydroblunt:
So the part I am stuck at is why you feel that this is the case for most of the country. It must be just one person who keeps running up consumer debt & subprime loans.
Oh wait, you were trying to counter my argument. Cause notating that 40% of America is living below the poverty line is cherry-picking. Nice one.
People do build wealth in Europe, you do realize they actually have a POSITIVE savings rate, unlike USA. Do you completely ignore the fact of the Euro strength? There is some wealth building right there, even if you are just sitting there getting handouts. Reverse is USA, where inflation is rampant and the USD is sinking.
California is not at all representative of USA. Ironically, California is notorious for filling up human storages with those no longer "economically viable" in the new economy. Might want to investigate the heavy lobbying behind "three strikes" rule.
10-20 years ago, US had the higher standard of living. Now that illusion is being kept up by consumer debt, statistics & paper pushing. This is the new America: weakening dollar, rampant inflation, shrinking wages and a deteriorating job base. You know, someone like you can argue about the great standard of living in USA, but you certainly can't argue about where it's headed.
Seriously, educate yourself about the many different European nations. You seem to have the impression that there are zero opportunities there. Even tiny nations like Cyprus have numerous opportunities which are no longer available here.
