COMPETITIVENESS….The World Economic Forum’s latest league tables have dropped the United States from first to sixth in global competitiveness. But why? What could we possibly have done to merit this drop? Let’s see:
The WEF said the best performing countries were distinguished by their competent economic stewardship….
Oh. Right. I guess that would do it.
“US competitiveness is threatened by large macroeconomic imbalances, particularly rising levels of public indebtedness associated with repeated fiscal deficits,” the report said.
“Its relative ranking remains vulnerable to a possible disorderly adjustment of such imbalances.”
Thanks, Republican Party!