Sweden has been doing better than the United States since Bush's second term in office. "Its debt, as a proportion of the economy, is now about half that of the United States."<quoted text>
How is Sweden doing? Just fine?
August 29, 2013:
"Sweden’s economic growth has been much higher than that of the rest of Western Europe, or the United States, since 2006. Data from the International Monetary Fund and the Organization for Economic Cooperation and Development show that Sweden has one of the lowest inflation rates in Europe; it runs a budget surplus every year; its corporate tax rates are considerably lower than U.S. rates; and it spends more on research and development, as a share of its economy, than we do. Its firms are highly competitive in the world economy, and it runs sizable current-account surpluses."
Yet, "Sweden remains a social welfare society, and government spending still accounts for half of its economy; it finances all education and health care."
I'd say they are doing just fine compared to the United States.