Sweden was at 70% and went to 30% (now, 38% was in 2010 as you pointed out) because they cut governement spendings from 67% of the GDP to 49%.
Then you conveniently left Greece out of your list. You know that it did partially default and that it's going to default again right?
And Spain, why did you left Spain out? You know what's going in Spain right now? 50% unemployment amongst young people. Crazy high state budget deficit.
France is in deep shit right now and that 86% from 2010 was heaven compared to today. New car sales dropped year-to-year by 33% or so, companies of all sizes are closing left and right and they're heading for a default is they keep on that nanny state "here are more gifts for you so your sense of entitlement gets higher and you keep voting for us socialists". Because you know what? When a liberal president (Sarkozy) was cutting 180 000 public servant jobs at the very same time collectivities (run by the socialists) did create 500 000 jobs. 500 000 public servants jobs created by the socialists which now, of course, are explaining that Sarkozy did a bad job (he was president right in the middle of the financial crisis and it's all Sarkozy's fault).
The banking sector ain't the issue: we're first and foremost living, after the sub-prime crisis, a state debt crisis.
Why do we need to bail out banks? Because they have bad credits. Do you know the kind of bad credits they have now? State credits which states are never going to pay back.
And why do we have states that are going to be unable, just like Greece, to pay back their debt? Because they've been running budget deficits for years and years and years.
Honestly we're witnessing the failure of governments spending more than they rake in and socialo-communists are able to turn this around and to try to make us believe that it's the evil capitalists from finance who are responsible for all the world's problems.
I'm not buying it.
I confidently say that a nanny state with public spendings at 67% of the GDP like Sweden was before is too much. At 56% like France is right now (but it's going to skyrocket seen that they're not reducing public spending while their GDP is going to take a hit this year and lots of people from the private sector are now unemployed) it's too much too.
There has to be a certain % which is "right" and there may be some room but it's certain that socialists in France asking for more socialism are out of their minds.
The problem when you're "on the edge" with a % of public spendings so high that it's basically ruining the private sector and hence killing any innovation and with state debt around 100% is that you have not much room for maneuver anymore. All it takes is a little match and your beloved nanny state takes fire. Just like Greece. Just like Spain right now. Just like France tomorrow if they do nothing.
It's ugly and it's the fault of government running budgets on deficits.
Then you conveniently left Greece out of your list. You know that it did partially default and that it's going to default again right?
And Spain, why did you left Spain out? You know what's going in Spain right now? 50% unemployment amongst young people. Crazy high state budget deficit.
France is in deep shit right now and that 86% from 2010 was heaven compared to today. New car sales dropped year-to-year by 33% or so, companies of all sizes are closing left and right and they're heading for a default is they keep on that nanny state "here are more gifts for you so your sense of entitlement gets higher and you keep voting for us socialists". Because you know what? When a liberal president (Sarkozy) was cutting 180 000 public servant jobs at the very same time collectivities (run by the socialists) did create 500 000 jobs. 500 000 public servants jobs created by the socialists which now, of course, are explaining that Sarkozy did a bad job (he was president right in the middle of the financial crisis and it's all Sarkozy's fault).
The banking sector ain't the issue: we're first and foremost living, after the sub-prime crisis, a state debt crisis.
Why do we need to bail out banks? Because they have bad credits. Do you know the kind of bad credits they have now? State credits which states are never going to pay back.
And why do we have states that are going to be unable, just like Greece, to pay back their debt? Because they've been running budget deficits for years and years and years.
Honestly we're witnessing the failure of governments spending more than they rake in and socialo-communists are able to turn this around and to try to make us believe that it's the evil capitalists from finance who are responsible for all the world's problems.
I'm not buying it.
I confidently say that a nanny state with public spendings at 67% of the GDP like Sweden was before is too much. At 56% like France is right now (but it's going to skyrocket seen that they're not reducing public spending while their GDP is going to take a hit this year and lots of people from the private sector are now unemployed) it's too much too.
There has to be a certain % which is "right" and there may be some room but it's certain that socialists in France asking for more socialism are out of their minds.
The problem when you're "on the edge" with a % of public spendings so high that it's basically ruining the private sector and hence killing any innovation and with state debt around 100% is that you have not much room for maneuver anymore. All it takes is a little match and your beloved nanny state takes fire. Just like Greece. Just like Spain right now. Just like France tomorrow if they do nothing.
It's ugly and it's the fault of government running budgets on deficits.