America must escape the doomed path of EU-style decline – Telegraph Blogs

America must escape the doomed path of EU-style decline – Telegraph Blogs: "there is a reason why Americans have for decades been richer and more economically productive than their European counterparts – less bureaucracy, lower spending, lower taxes, faster growth, and fewer people out of work. Between 1980 and 1992, excluding the UK, “the EU failed to produce a single net private sector job,” a staggering statistic. In addition, as Dan notes, Western Europe’s share of world GDP fell from 36 percent in 1974 to just 26 percent in 2011, with a projected fall to 15 percent by 2020. In contrast, the US share has remained steady at about 26 percent of world GDP.
But America’s long-term economic success is under threat from a towering federal debt, increasing government intervention in the economy, and a significantly more expensive and regulated health care system. In short, economic freedom is declining in America"