The good news from Washington is a plan to extend the debt-ceiling farce into 2014. Talk about defining success down. It's almost enough to make you believe in American Decline.
Granted, despite everything, the United States is still having a better recovery than Europe, so things could be worse. The trouble is, if the country's political class keeps this up, they will be.
Nobody denies that government, by recurring fiscal crisis, puts the productive parts of the U.S. economy under stress and is damaging in itself. But it's also a distraction from other issues that simply can't wait. While politicians in Washington have their hands full failing to keep the government running and calling the nation's creditworthiness into question, everything else is allowed to slide. In some cases, this is a grave error.
One wonders how many U.S. political leaders have even bothered to look at an authoritative new survey that says the United States is failing — and failing abjectly — in an area of policy that is crucial for prosperity. The Organization for Economic Cooperation and Development has just published the first results from an exhaustive international survey of skills. It's the most authoritative project of its kind — a huge undertaking, comparing adults' proficiency in literacy, numeracy and problem-solving across the organization's member countries.
In effect, the survey measures the quality of human capital, one of the crucial drivers of long-term economic success.
The U.S. performance in these rankings isn't just poor, it's pitiful.
The average literacy score for Americans ages 16 to 65 places the United States 18th out of 22 participating countries. In numeracy, the United States ranks 20th out of 22. In "problem-solving in technology-rich environments" — a measure of the capacity to interact productively with computers — the United States comes in 14th out of 19.
Those results are actually quite good compared with the performance of adults ages 16 to 24. In literacy, young Americans rank 20th out of 22; in numeracy, 22nd out of 22; and in problem-solving, 19th out of 19.