Not all countries managed their government finances poorly. We're talking regular businesses of which they're not the same as the government. Germany, UK, France, Sweden, Norway, Austria, who actually have better government finances than ours in the US our national debt is currently at 108% of GDP, theirs is much lower like Germany's is at 75% of GDP.
Vacation time has actually gone down significantly over past 40 years. Such as wages due to competing with third world despot tyrannized labor force that is essentially a form of surf labor.
Of course the oligarchs will tell you that we're number one just to keep your ass working. And for fools who don't have the concept of researching shit for themselves they'll just pass on the same tired bullshit and lose ever more benefits and wages and vacation time thus we have shitty vacation and ever decreasing vacation time.