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That is a somewhat simplistic assessment of economic health. It neglects to consider that the US economy is primarily a service economy (20% for industry, including ag, vs. 80% services). We don't produce much of anything anymore, relatively speaking. So what exactly do we "contribute" to the world's economy? Not to mention that 44% of the US GDP is government spending, which is inherently nonproductive and largely wasteful, as well as increasingly financed through debt.

Canada's economy, which is about 10% of ours in terms of GDP, is probably a lot healthier as it is still based on the production of real wealth (minerals, energy, and other natural resources).
 

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