Isolationism is a recurring theme within the United States. An advantage of our size, our rich stock of natural resources, the diversity of our people and our placement between two oceans is that we can afford to be more independent than, say, Belgium, a tiny nation nestled among France, Germany and the Netherlands, with the United Kingdom just over the Channel. Many Americans never visit our continental neighbors, Canada and Mexico, much less cross an ocean to see less familiar lands.
Yet the world invades our homes through the media—a visual loop of terror, privation and menace. It also invades our work lives as global competition, supported by new technology, robs many of their occupations and threatens their well being. Read more »
The financial problems of the nation and many large states—California, Illinois, New Jersey and certainly New York—present a problem that is challenging economically and hazardous politically. Since it’s impossible to separate the economics from the politics, it is truly a Gordian knot – rather than untying the knot, Alexander the Great sliced the Gordian knot in two with a single, bold stroke of his sword.
The Congressional Budget Office forecasts the federal deficit to decline from about $1.5 trillion in 2009 to $608 billion in 2014, then rise to nearly $800 billion in 2020. This is a hefty deficit, particularly when you consider that we had a surplus as recently as 2000. Then consider that the cumulative public debt, which currently stands at $7.5 trillion, is expected to nearly double by 2020 to $14 trillion.
When it comes to economic forecasts, I tend to be a “glass-half-full” kind of guy. Yes, there is some probability that gas will rise to $20 per gallon and we’ll start riding horses again. I think it more likely that gas prices will fall back to $3 per gallon and there will again (sadly) be a market for the Hummer.
My natural optimism was dealt a blow by a new assessment of fast-growing firms from the Small Business Adminstration (SBA). The study is an adaptation of the work of David Birch of Cognetics from the 1980s and 1990s. Firms with rapid revenue growth were dubbed “gazelles” by Birch. He found that these firms were responsible for most of the nation’s employment growth.
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Isolationism is a recurring theme within the United States. An advantage of our size, our rich stock of natural resources, the diversity of our people and our placement between two oceans is that we can afford to be more independent than, say, Belgium, a tiny nation nestled among France, Germany and the Netherlands, with the United Kingdom just over the Channel. Many Americans never visit our continental neighbors, Canada and Mexico, much less cross an ocean to see less familiar lands.