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Swedish response to euro crisis:
- Eliminate national debt
- Lower Corporate tax rate
- Cut property taxes
- Cut luxury taxes
- Cap on annual government spending
- Cut welfare programs
Oh and just in case you don't know anything about Sweden, they have socialized healthcare and their rich are required to spend more money or they will be taxed more which means their rich spend a lot of money in their country which actually helps them.
Sweden is an amazing socialist country, it is finally nice to see a Con realize the benefits of socialism!
Sweden is a capitalist free-market society with the wealthy, poor, and middle class. Hungary, Romania, the USSR were socialist. Are you confusing Sweden with its pre-1989 neighbors to the Southeast?
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Oh and just in case you don't know anything about Sweden, they have socialized healthcare and their rich are required to spend more money or they will be taxed more which means their rich spend a lot of money in their country which actually helps them.
All of that doesn't change that they are promoting what the Krugman Keynesian Klan despise, and it met with success.
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Sweden is an amazing socialist country, it is finally nice to see a Con realize the benefits of socialism!
That's nice, if Sweden were actually socialist, which it isn't. Are you sure you've actually been there and weren't somewhere else instead? Maybe you just thought you were there when you watched Lady with the Dragon Tattoo?
Shhhhhh..... don't tell Paul Krugman. He and his followers think the only way to kick start an economy is to increase government spending. In fact, he thinks more government spending is the answer to every question.
Anders Borg explains, “Look at Spain, Portugal or the UK, whose governments were arguing for large temporary stimulus… Well, we can see that very little of the stimulus went to the economy. But they are stuck with the debt.” We have now seen that attempts at austerity within the Eurozone have met a similar fate: none of it was serious. As spending increases have been squandered, spending cuts have been a charade, failing to target the big government programs at the core of the debt crisis. So Anders Borg and the Swedish Government have undertaken an economic and budget plan that slashes taxes and (actually) caps government spending. If you told Paul Krugman and the rest of the Keynesians back at the onset of the financial crisis that Sweden’s finance minister was planning such action, they would have surely laughed in your face and cynically predicted doom and gloom for the Scandinavian nation. However, in reality, a place Keynesians seem to be unfamiliar with, it’s become clear that what Sweden is doing is working. And it’s working better than even Minister Borg expected.
Oopsy for Krugman and his Keynesian Klan.
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The crisis of the 1990s was by some viewed as the end of the much buzzed welfare model called "Svenska modellen", literally "The Swedish Model", as it proved that governmental spending at the levels previously experienced in Sweden was not long term sustainable in a global open economy.[17] Much of the Swedish Model's acclaimed advantages actually had to be viewed as a result of the post WWII special situation, which left Sweden untouched when competitors' economies were comparatively weak.
Shhhhhh..... don't tell Paul Krugman. He and his followers think the only way to kick start an economy is to increase government spending. In fact, he thinks more government spending is the answer to every question.
The irony is that Sweden is the poster child of neo-progressive "economists".
Sweden is a capitalist free-market society with the wealthy, poor, and middle class. Hungary, Romania, the USSR were socialist. Are you confusing Sweden with its pre-1989 neighbors to the Southeast?
All of that doesn't change that they are promoting what the Krugman Keynesian Klan despise, and it met with success.
That's nice, if Sweden were actually socialist, which it isn't. Are you sure you've actually been there and weren't somewhere else instead? Maybe you just thought you were there when you watched Lady with the Dragon Tattoo?
Actually I have Swedish ancestors in my family line, and I never said Sweden was a communist country, I said it was a socialist country. You Cons think there is no difference.
You are right, Sweden does support a free-market system, but it still has strong unions and a universal healthcare....which I am pretty sure I hear ever Con in this country scream and cry that universal healthcare is a socialist, commie, nazi program...
But I will agree with you, as a country we should be looking to countries like Sweden who are running a much better country than we are.
Actually I have Swedish ancestors in my family line, and I never said Sweden was a communist country, I said it was a socialist country. You Cons think there is no difference.
LOL, it's actually neither. That's true no matter how many times you've imagined yourself there or how many imaginary family members you have there.
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You are right, Sweden does support a free-market system
Then how can it be socialist?
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But I will agree with you, as a country we should be looking to countries like Sweden who are running a much better country than we are.
So, adopt their whiteyville xenophobic immigration policy, extreme government, welfare and tax cuts also? Sounds good to me.
Sweden also experienced a severe banking crisis about 15 years before the rest of the world did. And how did the Swedish government solve it? By temporarily nationalizing the biggest banks and demanding shares of the rest. This enabled Swedish regulators to manage the disposal of distressed assets, and set its banks on a firm footing that certainly helped it to weather the Eurozone crisis.
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