Tuesday, August 1, 2017

The kanosians in action

An IMF report says the US is poor:
The overall point is that the U.S. has been losing ground relative to other OECD members in most measures of living standards. 1 And in the areas where the U.S. hasn't lost ground (poverty rates, high school graduation rates), it was at or near the bottom of the heap to begin with. The clear message is that the U.S. -- the richest nation on Earth, as is frequently proclaimed, although it's actually not the richest per capita -- is increasingly becoming the developed world's poor relation as far as the actual living standards of most of its population go.
And proposals for  the Swamp to fix this will make it worse. We need  to admit the kanosians have exceeded their debt capacity, 

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