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- #361
...and America remains the greatest country in the world.
It cannot possibly be consider the greatest country in the world when you fell head first into a recession. Meanwhile, Australia, a country smaller than the US and with a much smaller economy, chugged along nicely.
maybe we can export Obama and our Progressives to Australia when he loses in November?
It is true that Australia, the 6th largest country in the world in area, and 52nd in the world in population with a population of under 22 million--smaller than Texas, only slightly larger than New York State--has enjoyed a stable population and a much more stable economy than we have.
Following recessionary trends in the early 90's, economic reforms have reduced regulation and increased free market principles and keeping a low public debt--a trial stimulus produced little good--and the government now pretty much spends only what it takes in--so that Australia's economy is now the world's 3rd most free (according to the Heritage Foundation) and 5th in the world in GDP. They also have strict and stricly enforced immigration policies and a business friendly environment that keeps their unemployment at near full employment.
It is true that Australians receive a lot of government benefits--their personal tax rate is close to outs--and a high mandated minimum wage. But from what I am told by real life American friends who have lived in Australia, they are beginning to also develop an entitlement mentality and are slowly and surely stretching government benefits past the maximum so that taxes will have to be steadily increased or expensive deficits will continue to increase as the people object to any cuts in benefits. When balancing the eduction budget required a small reduction in pay and slightly longer hours, the teacher's went on strike in Victoria this summer. The effect of recently established carbon tax is yet untested. Costs of doing business and prices are pretty high.
Australia is as vulnerable to entitlement mentality creep and dominance as we are, and it is likely to be as destructive in Australia as it is here. And many of the same dynamics exist. As exists in the USA, the largest group making up almost 50% of those living in poverty is found among single parents with dependent children. The Australian poverty rate is set at just over 14% compared to the USA 15%, but as is the case in the USA, Australian poverty is relative to others in the country. Australia's poor, as the USA's poor, would be deemed well off among the poor in undeveloped countries.
Australia has been its own independent country for only a little over 100 years. The USA, being its own country for more than twice as long, was #1 in the world in just about everything good 100 years ago. Australia has plenty of time to develop the same ills we have. (I only hope the Australia people are still so ruggedly independent that they will be smarter than us and not allow that to happen.)
I am happy, however, that Noomi feels her country is the greatest in the world. I think everybody ought to be able to feel that way about their country.
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