As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody … - Fareed Zakaria

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Fareed Zakaria

As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody actually wants a massive austerity package to shock the economy back into recession, and so the odds have always been high that the game of budgetary chicken will stop short of disaster. Looming past the cliff, however, is a deep chasm that poses a much greater challenge -- the retooling of the country's economy, society, and government necessary for the United States to perform effectively in the twenty-first century.

Budgetary, Country, Economy, Necessary, Past, Recovery

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I enjoy writing but I much prefer the experience of having written.

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CNN is getting smarter, and you can feel it in the stories, you can feel it in the depth with which they're covered, the kinds of people in terms of guests who are brought on air, the way in which issues are discussed.

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But now, we are becoming suspicious of the very things we have long celebrated - free markets, trade, immigration, and technological change. And all this is happening when the tide is going our way. Just as the world is opening up, America is closing down.

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The markets are much more interested in America's long-term trajectory than they are in feeling that there is an acute short-term crisis.

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