You really didn't answer my question about private schools.
Sure I did, I told you that in Canada, private education is not funded by public money. I don't know how much clearer I could be.
In answer to what you just wrote though. Any country that relies on taxes to support itself will never really achieve anything, maybe a status quo if lucky. The only way to improve ones stature is thru risk and that means investments.
That is how private enterprise generates wealth. The only way government can get its hand on some of it is through taxation.
Sometimes you win and sometimes you lose. As for the U.S. debt, I think it will be gone within two generations, maybe less, the economy will bounce back if the government does not go anymore socialistic and try to impose too many restrictions and taxes. We are not Europe who as you can see is having trouble with their euro which should be down to $1.25 U.S. soon.
No doubt that is how many Americans feel, ironsides. They want tax cuts; they couldn’t care less about deficit, that is something for the children and grandchildren to worry about. They will take care of it; it will be gone in a generation or two.
I suppose the logic goes something like this: all we want is another Bush in power and a Republican Congress. They will enact huge tax cuts, people will have more money in their pockets and everybody will be happy. As to deficit and debt, who cares? That is not our problem, doesn’t’ affect us anyway.
It wouldn’t surprise if it really happens. The only solution Republicans offer to any problem is tax cuts. The first thing Republicans will do is enact huge tax cuts, which will push the deficit even higher than 1.4 trillion, into multi trillion range. Indeed, if USA drowns under its own debt and deficit (as may very well happen), Americans will go down thinking that help is just round the corner, that debt and deficit is about to vanish miraculously.
In Canada, we don’t believe in miracles. My hope would be that politicians here will try to balance the budget as soon as we come out of the recession, do it the old fashioned way (spending cuts and tax increases) and not rely on the next generation or the one after that to do it (as Americans evidently do).
As to value of Euro, it is pointless to read any long term trends in day to day currency fluctuations.