For your quiz on Friday, I suggest the following term for the Vocabulary section: cultural homogeneity. This is the primary reason the Swedes could move back from the precipice and why the author’s basic point about the US likely following the Greek model before a total overhaul.
Your comments are dead on.
I'm still disappointed in the shocking lack of pictures of scantily clad babes on this thread.
That, and the fact that the US has more than thirty times Sweden's population. Maybe we could compare America to all of Europe and Sweden to say, North Carolina.
...Sweden has reduced public spending... ...it is cutting the corporate-tax rate from 26.3% to 22%. Compare these rates with the U.S...
FWIW the Heritage Foundation's overall economic freedom comparison ranked Sweden 18 --8 places below the US at 10.
Socialism works for a short time as a population dies off; in the rest of Europe it failed more quickly than in Scandinavia because of the costs of the foreigners they imported to run their countries while the natives died off. Scandinavia is simply deferring the same fate.