As 2020 winds to a close and everyone hopes for a much better 2021, it is useful to look at where things stand in the U.S. right now. Consider:
- The pandemic. As the number of hotspots for new infections begins to wind down and vaccines become widely available, life should soon begin to return to normal.
- The U.S. economy is poised for a rapid recovery in 2021 as more and more people become vaccinated against Covid-19.
- U.S. adversaries around the world. China is a tough competitor but has many internal problems and should not be overrated. Russia is in decline but is still capable of causing trouble, especially in terms of cyber disruption.
- The strength of democracy. Besides our own economic and military strength, we can rely on the prevalence of democracy around the world. Other democratic countries are our natural friends and allies.
- Minority progress. Despite a summer of racial protests after the death of George Floyd in late May, and a belief that black progress in America has stalled, blacks are making steady economic and educational progress in many ways.
- The national debt, however, is a most serious problem, looming in the background. There are sensible ways of addressing it but is there the political will to do so? Much more on this coming soon!
Conclusion. The U.S. has responded to the hundred-year Covid-19 pandemic threat very successfully overall. Next year should see a rapid economic rebound. Our country is strong in many ways: democratically, economically, and militarily. All of this bodes well for the future. The rapidly growing national debt, however, will likely become a major problem quite soon. How long will it take us to realize this and take it seriously? I will be returning to this often, and in much more detail, in the coming days.