All economic arguments come with the usual set of disclaimers since economics is not an exact science. That doesn't mean there are not some gross truths though. For example it is almost certain that printing too much fiat currency means inflation, suddenly cutting oil supply by 50% means higher prices in the near term, etc. Comparing the US to Sweden is flawed because Sweden is a small export economy with a more homogeneous and well educated population, at least until the muslims outbreed them and turn sweden into pakistan. I still think there are some gross comparisons. In particular the Swedish currency crisis of the early 90's is something to look at as a lesson I like Wiki's cliff notes version so using that... http://en.wikipedia.org/wiki/Economy_of_Sweden A modern western economy whose competitors were destroyed by WWII (Very Important!), real estate bubble, deficit 15% GDP, runaway entitlements... seems familiar to me. Swedes traded one of the highest income levels in Europe for big government welfare from 1970-1992. As with almost every single socialist adventure ever made, they found out that the cost is more than they bargained for. The reforms afterwards involved massive cuts to social welfare, something you will never hear american liberals discuss, and to this day Swedish policy is trying to reemphasize capitalistic ideals. They quicky found out that the goals of flat income distributions and government nanny-care leads to poverty for all. So here we are in the US in 2009 and the liberal mouthpieces and laedership eerily echos the very same policies that led to Sweden's crash. As someone once said, history teaches us that we learn nothing from history. Here is the swedish prime minister on the 'new model', and once again you will never hear these discussions from an american liberal. http://www.regeringen.se/sb/d/10296/a/99193 The Swedish prime minister loathed socialism sweeping over Sweden displacing free markets and free enterprise, an education system less focused on real knowledge, subsidies for uncompetitve institutions instead of reform .... ok now, watch the american left perform the same magic here, only this time there will not be a good economy in the rest of the world to export our way out of this mess. If a talented population like Sweden struggled with this, the disaster awaiting the uncompetitive american melting pot will be irreversible. I want to be wrong, but that's my best guess.