In a very weak economy, when you say cut government spending, what you mean is youre laying off school teachers and youre de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and dont pay taxes. – Fareed Zakaria
The American dream seems to be thriving in Europe not at home. – Fareed Zakaria
Americans have so far put up with inequality because they felt they could change their status. They didnt mind others being rich, as long as they had a path to move up as well. The American Dream is all about social mobility in a sense – the idea that anyone can make it. – Fareed Zakaria
Americas growth historically has been fueled mostly by investment, education, productivity, innovation and immigration. The one thing that doesnt seem to have anything to do with Americas growth rate is a brutal work schedule. – Fareed Zakaria