silvertiger11 said:I think I finally see the problem here in America. We’ve been looking at all the wrong role models.
What Orban actually implemented were just superficial, populist gimmicks. There isn't a single thing there worth us trying to emulate or copy. In fact, this is a perfect cautionary tale of what could happen to us if we don't get our act together immediately.
Canada’s debt is double ours, their deficit is twice as large, and their fiscal policy is twice as reckless (if you can even call it that), and so on. Playing games with creditors is only going to kill our long-term growth potential. In the short term, it just destroys legal certainty.
As for the benefits of labor market liberalization? Their grandkids might see those results, because right now they’re driving away anyone with the drive and the means to actually hold down a job.
Are we really sitting here wishing for the nationalization of pension funds?
Honestly, we are such masochists. 🤣
But you totally left out the fact that they have triple our foreign exchange reserves, and an unemployment rate of 11.5% compared to our 19%—which is heading toward 22% soon.
Personally, I’d take being under Orban's leadership any day over these local idiots who know nothing except how to hammer taxes onto regular people while leaving thieves and war profiteers untouched—hell, they even forgive their debts! So much for "successful" fiscal policy.
And yeah, I'd much rather see pension funds nationalized than see them sell off the highways, ConocoPhillips, Wells Fargo, Duke Energy, the Forest Service, or the Water Utility... (the order might be off, but under this current administration, we're pretty much doomed anyway.