Norway doesn't actually spend any of theoil money. Its all saved in a rainy-day fund. Said fund now owns over 1 % of all publicly listed sticks in the world. Norways welfare state is run of non-oil income, generated by maximizing the number of middl-class taxpayers in the coutry. Much the same strategy as Sweden, Denmark, Finland, Nederlands, Belgium, etc etc employs.
Americas welfare expenses is actually about 1/3rd of what the really successful European eco0nomies spend. Germany, Austria, Switzerland...America spends about what Italy and Spain does per person in welfare. A bit more than Portugal and Greece, but definitely UPIGS territory.
Americas model worked in the decades after world war 2, when all competition was bombed into ruins and needed American resources to rebuild. There is basically three countries that didn't get ruined by WW2, America, Sweden and Switzerland. All had the same prosperity-boom after WW2, despite very different policies.
Americas welfare expenses is actually about 1/3rd of what the really successful European eco0nomies spend. Germany, Austria, Switzerland...America spends about what Italy and Spain does per person in welfare. A bit more than Portugal and Greece, but definitely UPIGS territory.
Americas model worked in the decades after world war 2, when all competition was bombed into ruins and needed American resources to rebuild. There is basically three countries that didn't get ruined by WW2, America, Sweden and Switzerland. All had the same prosperity-boom after WW2, despite very different policies.
Also: You don't understand national debt.