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Surprise among the spendthrift nations

World Economic Forum 2013 Summer Davos opens in NE China by Richard Rahn (“The Washington Times”, Tuesday, September 17, 2013)

America and the West lead the way to the bottom of the list

The good news is that there are more countries managing their economies in a  fiscally responsible way than there were two years ago. Fiscally responsible  means keeping average annual deficits less than average annual economic-growth  rates, keeping net debt from exceeding one-third of gross domestic product, and  maintaining a relatively small government. The bad news is  …

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