Friday, January 3, 2014

Nasty Trends

An editorial in Investor's Business Daily weighs in with a list of eleven "nasty trends that will test America's resilience." Read the editorial for an explanation of each:
Extremely limited prosperity
A wide economic growth gap
A massive ongoing jobs gap
Dependency growing, not jobs
America's global strength wanes
Workers leave labor force
America, the biggest debtor ever
Real jobless rate? Double digits
Regulation is huge hidden tax
What America really owes
Long-term fiscal outlook is ugly
I don't see much wrong with that list of trends. These trends pose real challenges to a gridlocked political system, when they aren't actual results of gridlock.