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The president, it turns out, does believe in American exceptionalism.
Nice column, and so very insightful.
"Taxing the rich" will close about 8% of the 1.2T annual deficits, so what's next Mr President?
It will be a fascinating, and painful, next few years. It's fine to vote for Santa, but there really isnt a Santa. Watch, and learn.
America was exceptional. However, since we've outsourced our intellectual capital and trained the worlds brightest college students, that exceptionalism is fading. A few examples: While San Francisco is on the list of top 10 most modern cities, the rest are not here. Yokohama, Japan; Bangalore, India; Hong Kong and more are truly exceptional. Five of the top 10 Pharmaceutical companies are not in the US, and more are developing fast. We invented the cell phone, but the worlds largest cell manufacturer is Nokia, in Finland. We pay twice as much per capita for health care of any OECD Country, with the poorest outcomes. We rate 33rd in key education ratings. 9th in IQ. China worries that it's GDP is growing too fast as is it's middle class, while the US middle class is declining. But we are number one in number of people incarcerated per capita, and have the largest military on earth by far. I guess that last one must be the one that's exceptional.
Chalberg seems to have hit it right. Although Chalberg isn't writing this, I believe sequestration may be the way to go to start to bring sanity back to our fiscal house. Let's take the hit and then start to grow the economy, bring the value of the dollar back up. Of course in Minnesota, everyone wants "someone else" to pay--just look at today's article on Vikings seat licenses--but really everyone must pay to get our country back on strong footing in time.
Re: "This could be read to mean..." whatever the partisan bent of the reader/listener prefers it to mean, Chuck Chalberg. The majority of voters rejected the Ayn Rand version of American exceptionalism--"I've got mine; the rest of you are on your own"--in favor of what you regard as the Pollyannish version--"We're all in it together" or in President Obama's words: "Everyone gets a fair shot, everyone does his/her fair share, and everyone plays by the same set of rules."
American exceptionalism is a nice way of saying colonialism. Or another way of putting it would be perpetual war. For American exceptionalism means we have the greatest system in the world and it is our job to bring it to the rest of the world. (or force the rest of the world.)
We're still sitting at 100% of debt vs GDP...last time we were here was during WW2 and we won a world war and were the only industrialized country able to produce things on a massive scale. What do we have to show for it today? A SS system that will go bankrupt in 2 decades and a Medicare system which will go bankrupt in 1 decade and a welfare state where 47% of pay no federal income tax (which pays for the majority of our federal government core functions). Time to look ourselves in the mirror and realize we don't need to spend so much as a country and we need to increase revenue a bit to pay down this debt. I hope we can be honest with ourselves and make these changes.
Re: "Let's take the hit and then start to grow the economy...." Or better yet, bluedevil101, let's give a short-term hand up to those who've taken the biggest hit, get the economy growing more robustly, and THEN---when everyone's sharing in economic security--everyone can "take the hit." A teacher of American history should have learned that lesson from 1937's slide back into recession--a slide precipitated by a premature push to balance the budget following the slow climb out of the Great Depression.
I think the author needs to go back and re-learn some American history himself. The two big factors he left out that have allowed our democracy to survive over 200 years are 1. Separation of church and state. 2. Progressive taxation- which prevents the concentration of wealth into the hands of a few, though we seem to losing this battle the last 12 years.
"The key to the whole thing was virtue. And the key to virtue was religion." Wow, the arrogance. Says who to statement #1 and, are you kidding to #2. I don't know if you were paying attention last week but people who think like you got their you-know-whats handed to them on election night. More R drivel that was a waste of time reading. Also, see vikingcar
Nov. 11, 12
8:54 PM. This is what passes to scholarship at Normandale - thanks for the heads up.
Sorry, Chuck, but as you know, the MN college system just can't tolerate ideas that don't tote the liberal line. Please let yourself out the nearest door.
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