Explaining Southern California's economy

Americans aren't unhappy because we have too much debt

U.S. Awaits Result Of Debt Ceiling Vote

Andrew Burton/Getty Images

The National Debt Clock, a billboard-size digital display showing the increasing US debt, is seen on the corner of Sixth Avenue and West 44th Street on August 1, 2011 in New York City. It's higher now.

CNN's Jack Cafferty (or his staff) should read a bit deeper into the source material the guy uses for his "Cafferty File" blog. In a post today — and later in an on-air segment — he referenced a recent report from the Organization for Economic Co-operation and Development (OECD), a Paris-based group that, among other things, studies the economic well-being of different countries.

The OECD's Better Life Index doesn't really "rank" countries in terms of life satisfaction. Rather, it's what it says it is: an index of numerous factors that affect happiness.

However, 24/7 Wall St. has studied the data and generated a top 10 list.

Or a top 11 list, because eleventh is where the U.S ranks. Denmark is number one. The countries that aren't in Northern Europe are Israel (They live a long time!), Canada (Socialized medicine!), and Australia (Beaches!).

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