Anglin: Together, turning away from road to revolution
Jan. 2, 2021
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People lined up in Dallas to buy guns in May. Gun sales in Texas shot up in 2020. Is this a reflection of our divisions?Smiley N. Pool /TNSShow MoreShow Less
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Bridgewater Associates Chairman Ray Dalio has warned that our political, economic and social divisions may break us. But is anyone listening?Ng Han Guan /Associated PressShow MoreShow Less
In the past year, we Americans learned a lot about our country.
And the biggest lesson we should be taking into 2021 is a clear picture of our vulnerability.
On Dec. 22, CNN aired an interview in which American billionaire Ray Dalio said the combination of political divisiveness, inequality and attitude toward debt in the United States is putting the nation on a dangerous path.
Episodes of fiscal stress are unpleasant. But, like war, they are necessary to separate the wheat from the chaff in governments expenditure profile. Revenue receipts as a proportion of revenue expenditure is the bell weather.