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Yes, really. Obama Presidency has added 6 Trillion. If you look further, the deficits for Bush were more in the last 2 years when he had both a Dem Congress and Senate than the previous 6 years combined. Really the same for Obama, when he had a Dem Congress and Senate, the lowest deficit in any year was over 1 Trillion. Now that he has a Republican House and Senate reigning in spending, it's down to a still terrible 583 Billion.
Yes, really. Obama Presidency has added 6 Trillion. If you look further, the deficits for Bush were more in the last 2 years when he had both a Dem Congress and Senate than the previous 6 years combined. Really the same for Obama, when he had a Dem Congress and Senate, the lowest deficit in any year was over 1 Trillion. Now that he has a Republican House and Senate reigning in spending, it's down to a still terrible 583 Billion.
Where does the money go? I assume down the toilet?
The quality of life in the US is high but definitely not the highest. Honestly it's never been the highest, I don't care about statistics. Anyone with real money who wasn't born in the US or made their money here would rather live in certain parts of Europe, perhaps Miami or South Cal are the only exceptions. This is due to many factors like overall access to cultural and art centers, clean safe cities with great historic value, excellent private schools for the kids, far better roads etc.
What set the US apart was that it used to be the easiest place to make good living in. Yes if you're a billionaire you'd live a nicer life in Paris or London or a private villa in Italy, but it used to be easier for an average person to make middle class living in the US. Not sure it's true anymore. The cost of medicine is outrageous and contrary to what many Americans seem to think it's not really that great - there are some cutting edge research centers but an average American hospital is only OK by top world standards - but crazily, unbelievably expensive. The cost of education is similarly crazily expensive. The cost of housing is very expensive - people here tend to compare their 2,500 sq ft homes with a pool in some hick sub to the cost of housing in Paris and claim the US housing is cheap, well comparing apples to apples it's really not, and the homes are not nearly as well built and require far more maintenance. Again, it was OK when homes were cheaper, now in many large cities they are just obnoxiously pricey.
People must wake up and realize the quality of life here is not exceptional and it's getting worse every year. I don't know what must be done to stop it but something should happen.
Canada has been in a asset bubble for a while now. When it pops their middle class will be brought back down to their knees
I've been to Canada many, many times ever since I turned 19 (the drinking age in Ontario). For the most of the 1990s the exchange rate to USD was like CAD1.5 to $1. Yet their middle class was never "on their knees". They had very nice living, certainly comparable to the US middle class. Plus, a government pension, universal health care (not as bad as it's portrayed here), safe clean cities, good education system, sane and practical immigration laws, it's a very nice country actually. The climate really sucks, though.
After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.
That's what we get for shipping our jobs overseas in the name of greed and maintaining a global empire of worldwide military bases.
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