......But the truth is that America's whole public sector still operates in a financial never-never land. Uncle Sam offers an array of "entitlements" that there is no real plan to pay for. Barack Obama is on his way to joining George W. Bush as a president who did nothing about that, while Republicans in Congress imaging they cam balance the books without raising taxes. The government spend more on health care than many rich countries and still does not cover everyone. America's dynamic private sector is carrying on its back an unreformed Leviathan. Detroit is merely a symptom of that.
-As excerpted from The Economist, The Unsteady States of America
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