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bpuharic

On Mon, 26 Jul 2010 02:20:22 -0400, wrote:

On Sun, 25 Jul 2010 23:16:54 -0400, bpuharic wrote:

Yes I know it is different. Europe is figuring out they can't really
afford the welfare state they have created.

ROFLMAO!! and we DONT have their welfare state and are in the same
boat. japan, which has LESS govt spending than we do is in even WORSE
shape

so how does your right wing crystal ball spin THOSE facts?

Japan is easy, they never recovered from the 1990s tech bubble.

now let's see....

govt spending is wrong. proof of that is japan which has a lower govt
spending than the US and a worse economy

why am i not convinced

They also do have things like their cheap medical care program that
runs at a huge government deficit.

and we also have a large amount spent on medical care which crowds out
other spending. we are the only nation in the world to spend over 15%
on medical care

the free market has been VERY inefficient with medical care

The whole continent is looking at huge cuts in government welfare
programs.
Have you been following the news in UK? Parliament is more contentious
than it usually is.

gee. guess which country is LESS redistributionist than the US is?

could it be the UK?

Yet they are in the throws of a severe austerity program that may
become the model for the rest of the west.

ireland beat them to it.

and ireland's economy continues to collapse at a faster rate than ever