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US slips from No. 1 to also-ran in global economic rankings
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MattB
Sep 11, 2012, 3:40:25 PM9/11/12
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US slips from No. 1 to also-ran in global economic rankings
Read more:
http://www.foxnews.com/politics/2012/09/11/us-slips-from-no-1-to-also-ran-in-global-economic-rankings/?intcmp=trending
The United States is losing its competitive edge.
So says a new report from the World Economic Forum which found the
U.S. slipping in dozens of areas compared with just a few years ago.
Perhaps most troubling is the conclusion that since 2008, the United
States has slid from No. 1 in the world in "global competitiveness" to
No. 7 this year.
Out-ranking America are: Switzerland, Singapore, Finland, Sweden, the
Netherlands and Germany.
Sure, it's just a number. But the WEF's ranking takes into account a
broad range of factors, from debt to corruption to regulation to red
tape to education to health care.
And virtually across the board, the U.S. is falling behind.
"The slide in the global competitiveness report is almost certainly
due to ... policy-related factors," James Gwartney, economics
professor at Florida State University, told FoxNews.com. Gwartney,
with dozens of other institutes, has co-authored a separate report on
economic freedom set to be unveiled next week.
The World Economic Forum study reflected both the slack in the U.S.
economy from the 2008 financial crisis and subsequent recession, and
the increasing anxiety over the nation's skyrocketing debt, among
other factors.
In the latest report, the U.S. ranked at number 140 out of 144 on its
government deficit as a percentage of GDP. The U.S. ranked at 97 four
years ago.
The ranking on "public trust in politicians" has likewise fallen, from
41 to 54. The ranking on government wastefulness fell from 67 to 76.
On government regulation, it fell from 50 to 76.
Gwartney said it's unclear whether the U.S. can turn things around
anytime soon. With the debt hitting $16 trillion this month and no
plan in place to actually reduce it, Gwartney called that figure
"nothing more than future taxes" that will eventually have to be paid.
The fiscal outlook for the country is decidedly dim, with a raft of
tax hikes and spending cuts set to kick in at the end of the year
without congressional intervention.
Read more:
http://www.foxnews.com/politics/2012/09/11/us-slips-from-no-1-to-also-ran-in-global-economic-rankings/?intcmp=trending
The United States is losing its competitive edge.
So says a new report from the World Economic Forum which found the
U.S. slipping in dozens of areas compared with just a few years ago.
Perhaps most troubling is the conclusion that since 2008, the United
States has slid from No. 1 in the world in "global competitiveness" to
No. 7 this year.
Out-ranking America are: Switzerland, Singapore, Finland, Sweden, the
Netherlands and Germany.
Sure, it's just a number. But the WEF's ranking takes into account a
broad range of factors, from debt to corruption to regulation to red
tape to education to health care.
And virtually across the board, the U.S. is falling behind.
"The slide in the global competitiveness report is almost certainly
due to ... policy-related factors," James Gwartney, economics
professor at Florida State University, told FoxNews.com. Gwartney,
with dozens of other institutes, has co-authored a separate report on
economic freedom set to be unveiled next week.
The World Economic Forum study reflected both the slack in the U.S.
economy from the 2008 financial crisis and subsequent recession, and
the increasing anxiety over the nation's skyrocketing debt, among
other factors.
In the latest report, the U.S. ranked at number 140 out of 144 on its
government deficit as a percentage of GDP. The U.S. ranked at 97 four
years ago.
The ranking on "public trust in politicians" has likewise fallen, from
41 to 54. The ranking on government wastefulness fell from 67 to 76.
On government regulation, it fell from 50 to 76.
Gwartney said it's unclear whether the U.S. can turn things around
anytime soon. With the debt hitting $16 trillion this month and no
plan in place to actually reduce it, Gwartney called that figure
"nothing more than future taxes" that will eventually have to be paid.
The fiscal outlook for the country is decidedly dim, with a raft of
tax hikes and spending cuts set to kick in at the end of the year
without congressional intervention.
AlleyCat
Sep 11, 2012, 3:56:40 PM9/11/12
to
Message has been deleted
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AlleyCat
Sep 11, 2012, 8:52:34 PM9/11/12
to
In article <eklv48p73uh91tqb7...@4ax.com>,
Yoor...@Jurgis.net says...
> Thanks to the Ryan and Madwhackoff republican extremists.
Someone's Delusional Enough to Think That Paul Ryan Is In Office Already
- I Hope He's Right!!
Yoor...@Jurgis.net says...
Someone's Delusional Enough to Think That Paul Ryan Is In Office Already
- I Hope He's Right!!
MattB
Sep 11, 2012, 9:25:05 PM9/11/12
to
On Tue, 11 Sep 2012 18:24:08 -0600, Yoor...@Jurgis.net wrote:
>On Tue, 11 Sep 2012 12:40:25 -0700, MattB <trdell1...@gmail.com>
>wrote:
Hardly destroyed but they were wrong IMO. Then again Obama has failed
totally also IMO.
This is about more than that. Please read the article before
attacking the poster.
>On Tue, 11 Sep 2012 12:40:25 -0700, MattB <trdell1...@gmail.com>
>wrote:
>
>>US slips from No. 1 to also-ran in global economic rankings
>
>Ah--so you do remember the madwhackoffs destroying our credit ratings?
>>US slips from No. 1 to also-ran in global economic rankings
>
Hardly destroyed but they were wrong IMO. Then again Obama has failed
totally also IMO.
This is about more than that. Please read the article before
attacking the poster.
3159 Dead
Sep 11, 2012, 9:24:49 PM9/11/12
to
position on the House Budget Committee.
Matt
Sep 11, 2012, 9:25:33 PM9/11/12
to
AlleyCat <al...@aohell.com> wrote in news:MPG.2ab998cf528d4e8c9899f0
@news.eternal-september.org:
Um, yeah, I'm pretty sure he's right.
You really are the stupidest scum on the board. Paul Ryan is a
Representative from Wisconsin, you idiot.
matt
@news.eternal-september.org:
You really are the stupidest scum on the board. Paul Ryan is a
Representative from Wisconsin, you idiot.
matt
Message has been deleted
AlleyCat
Sep 12, 2012, 12:49:16 AM9/12/12
to
In article <k2oo91$qnb$8...@dont-email.me>, de...@gone.com says...
I meant the Presidency... it's Obama's fault, not Ryan's. Obama wants to
bankrupt America, and Ryan won't let him. Advantage Ryan. Obama's an
idiot, AND a traitor.
bankrupt America, and Ryan won't let him. Advantage Ryan. Obama's an
idiot, AND a traitor.
3159 Dead
Sep 12, 2012, 11:50:51 AM9/12/12
to
You really aren't very good at this, are you?
Message has been deleted
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