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Mark Steyn on American Decline
futureofcapitalism.com

Mark Steyn has a piece in the New Criterion laying out the case for American (and British) decline:

According to the cbo's 2010 long-term budget outlook, by 2020 the U.S. government will be paying between 15 and 20 percent of its revenues in debt interest—whereas defense spending will be down to between 14 and 16 percent. America will be spending more on debt interest than China, Britain, France, Russia, Japan, Germany, Saudi Arabia, India, Italy, South Korea, Brazil, Canada, Australia, Spain, Turkey, and Israel spend on their militaries combined. The superpower will have advanced from a nation of aircraft carriers to a nation of debt carriers.....

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Mark Steyn on American Decline
futureofcapitalism.com

Mark Steyn has a piece in the New Criterion laying out the case for American (and British) decline:

According to the cbo's 2010 long-term budget outlook, by 2020 the U.S. government will be paying between 15 and 20 percent of its revenues in debt interest—whereas defense spending will be down to between 14 and 16 percent. America will be spending more on debt interest than China, Britain, France, Russia, Japan, Germany, Saudi Arabia, India, Italy, South Korea, Brazil, Canada, Australia, Spain, Turkey, and Israel spend on their militaries combined. The superpower will have advanced from a nation of aircraft carriers to a nation of debt carriers.....

Read More...


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Mark Steyn

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MacleansMagazine
National ReviewMagazine
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Orange County RegisterNewspaper
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