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Except for the imaginary (projected) deficits, they've been over $1T every year. Welfare for O voters funded by printed money. When the printing stops, the deficit explodes, as do interest rates.
Uh... it's easier to come down from insane highs. The cost of government never goes down, except when you set the bar so high it has to. Keep in mind Obama shared 2009. Let me know when it goes down to $458B again. That's when you'll have a solid point.
No, it's NOT "easier to come down from insane highs" - it's HARDER to come down from "insane highs" because each year of high deficit adds enormously to the deficit (which means you have higher interest payments to make) - so that argument is just plain dumb.
Regarding the $458B number - from the looks of things will be back to that in another 4 years or so - which will be a WHOLE lot better than Bush's record of taking a SURPLUS and turning it into a 1.4 BILLION dollar deficit.
Except for the imaginary (projected) deficits, they've been over $1T every year. Welfare for O voters funded by printed money. When the printing stops, the deficit explodes, as do interest rates.
Sorry to disappoint you, but it's NOT "imaginary" - and in fact more recent projections show that the deficit is falling even FASTER than originally anticipated and that NOW it appears the deficit for 2013 will be $642 billion instead of the earlier projected $973 billion - so we're not going to be ANYWHERE NEAR $1T this year:
WASHINGTON — Since the recession ended four years ago, the federal budget deficit has topped $1 trillion every year. But now the government’s annual deficit is shrinking far faster than anyone in Washington expected, and perhaps even faster than many economists think is advisable for the health of the economy.
That is the thrust of a new report released Tuesday by the nonpartisan Congressional Budget Office, estimating that the deficit for this fiscal year, which ends on Sept. 30, will fall to about $642 billion, or 4 percent of the nation’s annual economic output, about $200 billion lower than the agency estimated just three months ago...
What he conveniently left out is that massively generous retirement benefits, 1 month paid vacations, and an uber-welfare state forced posterity measures in the first place. They spent themselves into unsustainable debt the socialist way.
Probably because it is utterly untrue. Greece and Spain did not have welfare states to compare with Northern Europe, particularly Germany and Scandinavia.
What at least Greece did have was an ingrained culture of avoiding taxes in any conceivable and inconceivable way, quite often aided and abetted by semi-corrupt government officials who worried more about re-election than running the country and who issued IOUs to anyone who'd take them. The Greek system particularly benefited upper middle class and above - anyone who could claim some sort of independent status de facto paid tax on as much of their income as they felt like reporting. (The working stiffs of course had their income tax subtracted directly...)
TLDR: If Greece's tax revenue had matched that of Germany's as a percentage of GDP, Greece would have been just fine.
I think it is largely to do with exposure to the Anglo-Saxon housing bubble. Britons were not flipping homes in the Nordic countries or Germany. All the countries they touched (Ireland, Spain, Portugal), were hammered. So, socialism has nothing to do with this. Ireland, as I recall, is the least socialist country in Europe, but was nuked by the housing boom and bust just the same.
The mask is trolling as usual.
Those countries were already in trouble. What they decided to do to hide that fact was lie to their people and the Eurozone via garbage like CDS. You can see that here:
I think it is largely to do with exposure to the Anglo-Saxon housing bubble. Britons were not flipping homes in the Nordic countries or Germany. All the countries they touched (Ireland, Spain, Portugal), were hammered. So, socialism has nothing to do with this. Ireland, as I recall, is the least socialist country in Europe, but was nuked by the housing boom and bust just the same.
The mask is trolling as usual.
The sad thing is I think he really is so ignorant and mentally deficient that he believes this purile nonsense which he reads in some garbage partisan blog. It's like my old high school English teacher used to say people who read nothing but garbage say nothing but garbage; it's garbage in, garbage out.
The sad thing is I think he really is so ignorant and mentally deficient that he believes this purile nonsense which he reads in some garbage partisan blog. It's like my old high school English teacher used to say people who read nothing but garbage say nothing but garbage; it's garbage in, garbage out.
God forbid you read 9 paragraphs previously provided. I wouldn't want to ruin your "kill whitey" tirade.
Meanwhile the most socialist countries in Europe - Sweeden, Norway, Finland, etc ... they are all doing just fine thank you very much. They have been virtually untouched by the economic crisis of the last few years, at least relative to the rest of the world.
In what way are they the most socialist in Europe? Or did you just pull it out of your ass because you heard it somewhere and you liked it.
In reality the most socialist country in Europe is France. France has the highest taxes (75% income tax + 25% social security), very strict employment laws, government is subsidizing many businesses, rent control was just introduced. Also, in terms of spending, these are the top 5 countries
Yes, Denmark is higher, but Denmark also has some of the most liberal employment laws in Europe. France is the most left wing country in Europe and France is not doing well.
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