Yes, and your government takes 57% of the total GDP to themselves, rely on an external power (that’s less and less friendly) for their protection and are on the track to their 6th prime minister in less than 2 years (is it 6th? I’ve lost track) because if they try to increase the retirement age above 62 (in their pay as you go unmaintanable system) people come down to the streets to burn down businesses and destroy public property.
reply> your government takes 57% of the total GDP to themselves
replyThat's a lot of blackjack and hookers for the ministers, if you really believe that "the government" takes 57% of GDP for "themselves". No wonder we're at out 6th PM, they must fall like flies with the amount of drugs they have to snort in order to siphon this much money.
Spain and Portugal were in pretty much the same boat not too long ago and they've started to reform of their own accord. The French will come around once the bond vigilantes start taking a serious look at that whole government deficit+debt situation and unsustainable retirement ages. Of course it will be painful and involve severe austerity measures, but that's what it takes.
replyFrance has stuck is head in the sand regarding its future finances
replySo has the US, difference is the US citizens don't get anything good out of their debt.
reply> US citizens don't get anything good out of their debt
replyPartly because they're paying for drug innovation and defense for other countries.
As if the US hasn’t!
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