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(New Europe)   France's public deficit has risen to unprecedented levels, surpassing the 3% ceiling promoted by the EU. Consequently, taxes are expected to rise at 46,5% of GDP, in 2014. If the second largest economy in Europe goes down, the EU will follow   (neurope.eu) divider line 92
    More: Scary, GDP, Europe, deficits, financial forecasts  
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1977 clicks; posted to Business » on 15 Apr 2013 at 9:37 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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vpb [TotalFark]
2013-04-15 08:19:51 AM
I wish we had a 2.9% deficit.
 
2013-04-15 08:36:34 AM
The fun part is that the country is going to be paralyzed by strikes before anything really useful can happen. The US would be a much better place if we had a tenth of the will to protest and tell politicians "no more" that they do.

/hurr hurr France surrendered hurrrrrrrrrr it's 2001 and we're in the world envisioned in 'Wag The Dog' but it turns out that movie wasn't cynical enough, y'all.
 
2013-04-15 08:46:48 AM
Deficits are good. Well, that's what I heard on the pol tab.
 
2013-04-15 08:47:51 AM

I_C_Weener: Deficits are good. Well, that's what I heard on the pol tab.


What's Dick Cheney's Fark handle?
 
vpb [TotalFark]
2013-04-15 08:49:08 AM

I_C_Weener: Deficits are good. Well, that's what I heard on the pol tab.


Well Regan loved them but Cheney said that they don't matter.
 
2013-04-15 08:56:18 AM
A country goes down at 5% of GDP?
 
2013-04-15 09:22:12 AM
Everybody panique!
 
2013-04-15 09:24:21 AM
The EU would probably be much, much better off had they actually become a State instead of this weird pseudo confederation non state thing.
 
2013-04-15 09:29:06 AM

Aarontology: The EU would probably be much, much better off had they actually become a State instead of this weird pseudo confederation non state thing.


They were supposed to. The economic union was to precede a political union - hence the EU constitution and so on. I suspect they made a significant mistake expanding the economic union before first creating the political one, making it all but impossible to get the unanimity required to have a political union.
 
2013-04-15 09:30:42 AM
...and fire ze missiles!
 
2013-04-15 09:35:29 AM

vygramul: They were supposed to. The economic union was to precede a political union - hence the EU constitution and so on. I suspect they made a significant mistake expanding the economic union before first creating the political one, making it all but impossible to get the unanimity required to have a political union.


Yep. And even within the economic union, they still gave the member states a fair amount of sovereignty in economic regards, which makes it a huge pain in the ass to have a common economic union and currency that can function in bad economic conditions.
 
2013-04-15 09:35:33 AM
2.9 aint nothin to get all worked over.

However, the 46% tax rate is a bit alarming.

Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.
 
2013-04-15 09:36:40 AM

I_C_Weener: Deficits are good. Well, that's what I heard on the pol tab from Republicans up until a Democrat was elected president.

 
2013-04-15 09:45:57 AM

cman: Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.


Okay, so long as you agree that the 6.1% taxes as a share of GDP (estimated for 2013) that we have in the US is also entirely unbalanced.
 
2013-04-15 09:47:04 AM
Glad to hear they are being aggressive, deficits are a drag upon the economy. A short-term rise in taxes will do less harm in the long run then massive piles of debt.
 
2013-04-15 09:47:38 AM

cman: 2.9 aint nothin to get all worked over.

However, the 46% tax rate is a bit alarming.

Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.


I know what you mean. That is only 4% under what Reagan set the US highest tax bracket at.
 
2013-04-15 09:53:31 AM

RexTalionis: cman: Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.

Okay, so long as you agree that the 6.1% taxes as a share of GDP (estimated for 2013) that we have in the US is also entirely unbalanced.


I agree
 
2013-04-15 10:02:31 AM
The EU is the republican dream.

Nearly Unlimited individual states rights, a fixed monetary policy that rarely if never prints money, and a weak central government.
 
2013-04-15 10:05:32 AM

JolobinSmokin: The EU is the republican dream.

Nearly Unlimited individual states rights, a fixed monetary policy that rarely if never prints money, and a weak central government.


They have a very strong anti-big-business court, though.
 
2013-04-15 10:05:38 AM

cman: RexTalionis: cman: Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.

Okay, so long as you agree that the 6.1% taxes as a share of GDP (estimated for 2013) that we have in the US is also entirely unbalanced.

I agree


To elaborate I have come up with a possible solution that could help ease hyperpartisanship.

 First things first, both sides have to give up big
1. Taxes must go up significantly. Republicans must give on that point
2. AWBs are dead. Democrats must give this up.

Those are the two big concerns on both sides of the political spectrum. Democrats feel the need to ensure social justice is done. This is a psychological need. They must do this to have a clean conscience. Giving up on the no tax increase mindset will help them put their minds at rest.

Republicans feel the need to ensure that they have the tools to protect themselves. This, too, is a psychological need. Whether or not their fears are founded does not matter. These people dont trust other people.

And finally, the second part. Half of the new tax raised will go to social services and the other half goes to NASA. The Right love big shiny machines and at times really does not care who builds them as long as it makes a lot of noise and is real farking huge. Democrats can have the peace of mind knowing that this isnt going towards defense spending.
 
2013-04-15 10:06:39 AM

cman: cman: RexTalionis: cman: Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.

Okay, so long as you agree that the 6.1% taxes as a share of GDP (estimated for 2013) that we have in the US is also entirely unbalanced.

I agree

To elaborate I have come up with a possible solution that could help ease hyperpartisanship.

 First things first, both sides have to give up big
1. Taxes must go up significantly on the rich. Republicans must give on that point
2. AWBs are dead. Democrats must give this up.

Those are the two big concerns on both sides of the political spectrum. Democrats feel the need to ensure social justice is done. This is a psychological need. They must do this to have a clean conscience. Giving up on the no tax increase mindset will help them put their minds at rest.

Republicans feel the need to ensure that they have the tools to protect themselves. This, too, is a psychological need. Whether or not their fears are founded does not matter. These people dont trust other people.

And finally, the second part. Half of the new tax raised will go to social services and the other half goes to NASA. The Right love big shiny machines and at times really does not care who builds them as long as it makes a lot of noise and is real farking huge. Democrats can have the peace of mind knowing that this isnt going towards defense spending.


Whoops. Left out an important identifier (rich people). Fixt
 
2013-04-15 10:06:49 AM

SockMonkeyHolocaust: The fun part is that the country is going to be paralyzed by strikes before anything really useful can happen. The US would be a much better place if we had a tenth of the will to protest and tell politicians "no more" that they do.

/hurr hurr France surrendered hurrrrrrrrrr it's 2001 and we're in the world envisioned in 'Wag The Dog' but it turns out that movie wasn't cynical enough, y'all.


Their labor was in a much stronger position than here.  We were in Paris in early 2001 and there were multiple announcements that the Paris Metro was having a labor stoppage for x days starting on y date.  From what we found out, it happened periodically and there were no repercussions from it.
 
2013-04-15 10:09:59 AM

cman: cman: RexTalionis: cman: Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.

Okay, so long as you agree that the 6.1% taxes as a share of GDP (estimated for 2013) that we have in the US is also entirely unbalanced.

I agree

To elaborate I have come up with a possible solution that could help ease hyperpartisanship.

 First things first, both sides have to give up big
1. Taxes must go up significantly. Republicans must give on that point
2. AWBs are dead. Democrats must give this up.

Those are the two big concerns on both sides of the political spectrum. Democrats feel the need to ensure social justice is done. This is a psychological need. They must do this to have a clean conscience. Giving up on the no tax increase mindset will help them put their minds at rest.

Republicans feel the need to ensure that they have the tools to protect themselves. This, too, is a psychological need. Whether or not their fears are founded does not matter. These people dont trust other people.

And finally, the second part. Half of the new tax raised will go to social services and the other half goes to NASA. The Right love big shiny machines and at times really does not care who builds them as long as it makes a lot of noise and is real farking huge. Democrats can have the peace of mind knowing that this isnt going towards defense spending.


I think the AWB debate going nowhere (before the Democrats eventually give up) will happen long before the GOP gives up on the issue of taxes, considering that the GOP feels that the issue of taxes is one of existential importance to the party.
 
2013-04-15 10:11:48 AM

RexTalionis: cman: cman: RexTalionis: cman: Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.

Okay, so long as you agree that the 6.1% taxes as a share of GDP (estimated for 2013) that we have in the US is also entirely unbalanced.

I agree

To elaborate I have come up with a possible solution that could help ease hyperpartisanship.

 First things first, both sides have to give up big
1. Taxes must go up significantly. Republicans must give on that point
2. AWBs are dead. Democrats must give this up.

Those are the two big concerns on both sides of the political spectrum. Democrats feel the need to ensure social justice is done. This is a psychological need. They must do this to have a clean conscience. Giving up on the no tax increase mindset will help them put their minds at rest.

Republicans feel the need to ensure that they have the tools to protect themselves. This, too, is a psychological need. Whether or not their fears are founded does not matter. These people dont trust other people.

And finally, the second part. Half of the new tax raised will go to social services and the other half goes to NASA. The Right love big shiny machines and at times really does not care who builds them as long as it makes a lot of noise and is real farking huge. Democrats can have the peace of mind knowing that this isnt going towards defense spending.

I think the AWB debate going nowhere (before the Democrats eventually give up) will happen long before the GOP gives up on the issue of taxes, considering that the GOP feels that the issue of taxes is one of existential importance to the party.


I aint saying you are wrong.

I too believe it will take a lot of work.

I think my ideas are sensible. If only there were more sensible people in Congress...
 
2013-04-15 10:19:59 AM
img203.imageshack.us

all the French and Greeks will look up and shout save us.. and I'll look down and whisper NO
 
2013-04-15 10:20:36 AM

cman: RexTalionis: cman: cman: RexTalionis: cman: Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.

Okay, so long as you agree that the 6.1% taxes as a share of GDP (estimated for 2013) that we have in the US is also entirely unbalanced.

I agree

To elaborate I have come up with a possible solution that could help ease hyperpartisanship.

 First things first, both sides have to give up big
1. Taxes must go up significantly. Republicans must give on that point
2. AWBs are dead. Democrats must give this up.

Those are the two big concerns on both sides of the political spectrum. Democrats feel the need to ensure social justice is done. This is a psychological need. They must do this to have a clean conscience. Giving up on the no tax increase mindset will help them put their minds at rest.

Republicans feel the need to ensure that they have the tools to protect themselves. This, too, is a psychological need. Whether or not their fears are founded does not matter. These people dont trust other people.

And finally, the second part. Half of the new tax raised will go to social services and the other half goes to NASA. The Right love big shiny machines and at times really does not care who builds them as long as it makes a lot of noise and is real farking huge. Democrats can have the peace of mind knowing that this isnt going towards defense spending.

I think the AWB debate going nowhere (before the Democrats eventually give up) will happen long before the GOP gives up on the issue of taxes, considering that the GOP feels that the issue of taxes is one of existential importance to the party.

I aint saying you are wrong.

I too believe it will take a lot of work.

I think my ideas are sensible. If only there were more sensible people in Congress...


False equivalence is false.

The Democratic attempts at gun control, in whatever forms they take, are serious (if misguided) efforts at protecting the populace.

The Republican opposition to taxes is a deliberate ploy to cripple the government and reduce its effectiveness.
 
2013-04-15 10:22:21 AM

The Stealth Hippopotamus: [img203.imageshack.us image 460x276]

all the French and Greeks will look up and shout save us.. and I'll look down and whisper NO


Merkel has her own problems to worry about, what with her re-election looming, the regional race that dealt a blow to her party earlier this year, and the fact that German's economy contracted in the last quarter.
 
2013-04-15 10:23:54 AM

Arthur Jumbles: Glad to hear they are being aggressive, deficits are a drag upon the economy. A short-term rise in taxes will do less harm in the long run then massive piles of debt.


Strange, the GOP have told us the DEFICITS never matter. Unless the president is a Democrat, and then we require a balanced budget.
Strange.
 
2013-04-15 10:28:28 AM

qorkfiend: cman: RexTalionis: cman: cman: RexTalionis: cman: Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.

Okay, so long as you agree that the 6.1% taxes as a share of GDP (estimated for 2013) that we have in the US is also entirely unbalanced.

I agree

To elaborate I have come up with a possible solution that could help ease hyperpartisanship.

 First things first, both sides have to give up big
1. Taxes must go up significantly. Republicans must give on that point
2. AWBs are dead. Democrats must give this up.

Those are the two big concerns on both sides of the political spectrum. Democrats feel the need to ensure social justice is done. This is a psychological need. They must do this to have a clean conscience. Giving up on the no tax increase mindset will help them put their minds at rest.

Republicans feel the need to ensure that they have the tools to protect themselves. This, too, is a psychological need. Whether or not their fears are founded does not matter. These people dont trust other people.

And finally, the second part. Half of the new tax raised will go to social services and the other half goes to NASA. The Right love big shiny machines and at times really does not care who builds them as long as it makes a lot of noise and is real farking huge. Democrats can have the peace of mind knowing that this isnt going towards defense spending.

I think the AWB debate going nowhere (before the Democrats eventually give up) will happen long before the GOP gives up on the issue of taxes, considering that the GOP feels that the issue of taxes is one of existential importance to the party.

I aint saying you are wrong.

I too believe it will take a lot of work.

I think my ideas are sensible. If only there were more sensible people in Congress...

False equivalence is false.

The Democratic attempts at gun control, in whatever forms they take, are serious (if misguided ...


I never said they were equivalent.

I picked the top two biggest issues betwixt the two.
 
2013-04-15 11:08:31 AM
Someone sounds very concerned.
 
2013-04-15 11:09:31 AM
The difficulty was stated above though, cman.  The Democrats giving up on the AWB will do nothing to promote their viewpoints or leadership because it will change exactly 0 minds on the other side of the fence and foster zero cooperation.  The stage is already set that the AWB was stupid, overreaching, unnecessary, curtailing rights, you name it -- it has been successfully framed by the GOP, and thus Democrats giving up on that will only embolden their opposition rather than crate any appearance of compromise.  It isn't a particularly strong part of the party platform and really only gained any momentum in recent months due to Aurora and Newtown.  Social services are where the Democratic party has all their holdings, and that is something that would be very difficult to modify without serious, nationwide ramifications.

The GOP's intransigence on taxes however, has proven devastating to the country both in terms of our fiscal health and the wellbeing of our people (speaking primarily about 'the American spirit' inasmuch as we are now a nation divided because of this line-in-the-sand approach).  I appreciate your thoughts, but I really don't think Democrats abandoning ship on an AWB will do a single damn thing for anyone, anywhere.  It will just result in the GOP moving to exploit the perceived weakness.  Compromise has not been a part of the strategy for over a decade now.
 
2013-04-15 11:11:44 AM

cman: cman: RexTalionis: cman: Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.

Okay, so long as you agree that the 6.1% taxes as a share of GDP (estimated for 2013) that we have in the US is also entirely unbalanced.

I agree

To elaborate I have come up with a possible solution that could help ease hyperpartisanship.

 First things first, both sides have to give up big
1. Taxes must go up significantly. Republicans must give on that point
2. AWBs are dead. Democrats must give this up.

Those are the two big concerns on both sides of the political spectrum. Democrats feel the need to ensure social justice is done. This is a psychological need. They must do this to have a clean conscience. Giving up on the no tax increase mindset will help them put their minds at rest.

Republicans feel the need to ensure that they have the tools to protect themselves. This, too, is a psychological need. Whether or not their fears are founded does not matter. These people dont trust other people.

And finally, the second part. Half of the new tax raised will go to social services and the other half goes to NASA. The Right love big shiny machines and at times really does not care who builds them as long as it makes a lot of noise and is real farking huge. Democrats can have the peace of mind knowing that this isnt going towards defense spending.


Honestly flush the corporate tax code down the drain and adopt the same one the rest of the 1st world uses; let Brazil tax the Brazil subsidiary and we'll tax the US one.  And no more benefits for off shoring anything
 
2013-04-15 11:18:55 AM

Elandriel: The GOP's intransigence on taxes however, has proven devastating to the country both in terms of our fiscal health and the wellbeing of our people


Actually out of control spending for 30 years, complicated tax law, bailouts, and inflation of the money supply is what has devastated the country.

Increasing revenue to the government to solve this problem is like telling an alcholic that if he just drank 10% more he'd be fine.
 
2013-04-15 11:20:18 AM

cman: 2.9 aint nothin to get all worked over.

However, the 46% tax rate is a bit alarming.

Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.



46-ish percent top marginal rate is really not that uncommon.  It's pretty much in line with what Canadians pay (Fed + Prov).

What's important is your average tax rate, but you already knew that.

France's income taxes work as a function of 'parts' based on the number of people in your family.  Each adult is a part.  The first two children are a half-part each, and third and subsequent children are whole parts again.  I have a stay-at-home wife and three children, so my taxes in the French system would be based on my income, divided by (1+1+0.5+0.5+1) = 4 parts, each taxed as an individual.  Therefore not a single person earning 100K subject to progressive taxation, but 4 people making 25K.  It's extremely family friendly.

Note that like Canada, the 46.5% top marginal rate includes health care (no insurance).

I live in Quebec, my top marginal rate is somewhere around 46%.  With deductions and credits, I pay only around 17% average rate...just like Mitt.  Also comes with health care and things like relatively inexpensive tuition.
 
2013-04-15 11:24:05 AM
Socialism is a real biatch!
 
2013-04-15 11:29:12 AM

KWess: cman: 2.9 aint nothin to get all worked over.

However, the 46% tax rate is a bit alarming.

Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.


46-ish percent top marginal rate is really not that uncommon.  It's pretty much in line with what Canadians pay (Fed + Prov).

What's important is your average tax rate, but you already knew that.

France's income taxes work as a function of 'parts' based on the number of people in your family.  Each adult is a part.  The first two children are a half-part each, and third and subsequent children are whole parts again.  I have a stay-at-home wife and three children, so my taxes in the French system would be based on my income, divided by (1+1+0.5+0.5+1) = 4 parts, each taxed as an individual.  Therefore not a single person earning 100K subject to progressive taxation, but 4 people making 25K.  It's extremely family friendly.

Note that like Canada, the 46.5% top marginal rate includes health care (no insurance).

I live in Quebec, my top marginal rate is somewhere around 46%.  With deductions and credits, I pay only around 17% average rate...just like Mitt.  Also comes with health care and things like relatively inexpensive tuition.



TFA isn't talking about the top marginal tax rate, but about tax revenue as a percentage of GDP.
 
2013-04-15 11:31:52 AM

qorkfiend: The Republican opposition to taxes is a deliberate ploy to cripple the government and reduce its effectiveness.


This cannot be stated enough.  The Republican plan is to convince the population that government is worthless by doing everything they can to make it worthless.
 
2013-04-15 11:32:02 AM
Sacre bleu rouge!
 
2013-04-15 11:36:44 AM

The Stealth Hippopotamus: [img203.imageshack.us image 460x276]

all the French and Greeks will look up and shout save us.. and I'll look down and whisper NO


The Germans aren't one to talk about budget deficits.

www.tradingeconomics.com
They have a habit for blowing through the 3% cap themselves.
 
2013-04-15 11:37:38 AM
Tout Le Monde Panique!
 
2013-04-15 11:39:55 AM

MugzyBrown: Elandriel: The GOP's intransigence on taxes however, has proven devastating to the country both in terms of our fiscal health and the wellbeing of our people

Actually out of control spending for 30 years, complicated tax law, bailouts, and inflation of the money supply is what has devastated the country.

Increasing revenue to the government to solve this problem is like telling an alcholic that if he just drank 10% more he'd be fine.


Get outta here with your pesky facts.

And it's fourty-six-POINT-five percent, not forty-six-PAUSE-five percent.

Stop using farking commas as decimal points.
 
2013-04-15 11:40:15 AM

namatad: Arthur Jumbles: Glad to hear they are being aggressive, deficits are a drag upon the economy. A short-term rise in taxes will do less harm in the long run then massive piles of debt.

Strange, the GOP have told us the DEFICITS never matter. Unless the president is a Democrat, and then we require a balanced budget.
Strange.


Incorrect. That you dont understand what was said is an indictment on your intellect.
 
2013-04-15 11:41:42 AM

JolobinSmokin: The EU is the republican dream....Nearly Unlimited individual states rights, a fixed monetary policy that rarely if never prints money, and a weak central government.


i.imgur.com

Well, RON PAUL's dream, maybe.

/RON PAUL
 
2013-04-15 11:43:27 AM
France's public deficit has risen to unprecedented levels

Oh really? What was their deficit during the Great Depression? Or during WWII?
 
2013-04-15 11:43:31 AM

Mrbogey: Incorrect. That you dont understand what was said is an indictment on your intellect.


After Benghazi, everything changed. That's the problem with the French economy.
 
2013-04-15 11:49:27 AM

Monkeyfark Ridiculous: KWess: cman: 2.9 aint nothin to get all worked over.

However, the 46% tax rate is a bit alarming.

Even if you dont believe that lower taxes help the economy work, then at least agree with me that the tax situation in France has become unbalanced.


46-ish percent top marginal rate is really not that uncommon.  It's pretty much in line with what Canadians pay (Fed + Prov).

What's important is your average tax rate, but you already knew that.

France's income taxes work as a function of 'parts' based on the number of people in your family.  Each adult is a part.  The first two children are a half-part each, and third and subsequent children are whole parts again.  I have a stay-at-home wife and three children, so my taxes in the French system would be based on my income, divided by (1+1+0.5+0.5+1) = 4 parts, each taxed as an individual.  Therefore not a single person earning 100K subject to progressive taxation, but 4 people making 25K.  It's extremely family friendly.

Note that like Canada, the 46.5% top marginal rate includes health care (no insurance).

I live in Quebec, my top marginal rate is somewhere around 46%.  With deductions and credits, I pay only around 17% average rate...just like Mitt.  Also comes with health care and things like relatively inexpensive tuition.


TFA isn't talking about the top marginal tax rate, but about tax revenue as a percentage of GDP.


Free medical and low cost universities.

What does the US have to show?
 
2013-04-15 11:51:31 AM

MugzyBrown: Elandriel: The GOP's intransigence on taxes however, has proven devastating to the country both in terms of our fiscal health and the wellbeing of our people

Actually out of control spending for 30 years, complicated tax law, bailouts, and inflation of the money supply is what has devastated the country.

Increasing revenue to the government to solve this problem is like telling an alcholic that if he just drank 10% more he'd be fine.


Occam's Nailfile: Get outta here with your pesky facts.

And it's fourty-six-POINT-five percent, not forty-six-PAUSE-five percent.

Stop using farking commas as decimal points.


While I get what you guys are saying, how exactly are we supposed to get out of the hole when the GOP refuses to budge on the vast majority of services we, as a country, don't really need i.e. defense spending, tax/oil subsidies, war on drugs, but also refuse to consider increasing our revenue?  What about how jerbs keep getting outsourced, taking more money out of the economy and leaving domestic workers unemployed?  We can talk about reforming social security (the way to do so which is to increase its income as its primary problem in the coming years will be insolvency due to higher withdrawals than deposits), or medicare (which is far more efficient than private health insurance in every measure even if it still has room to improve), or other such decreases in expenditure, but at the end of the day it all boils down to we don't have enough income to even cover the spending we actually need.  This idiotic fantasy of "the government SPENDS TOO MUCH" keeps getting trotted out, and now look at France.  Look at Greece.  Look at Italy, at Cyprus, at Spain, at Portugal, at Ireland.  How many of these economies tried austerity, tried cutting spending, and how well did that fare?

Please enlighten me as to how cutting spending above and beyond the already existing sequester, without a serious discussion on increasing revenue, is supposed to create a situation where suddenly the country as a whole is solvent.
 
2013-04-15 11:57:03 AM

Cubicle Jockey: The Stealth Hippopotamus: [img203.imageshack.us image 460x276]

all the French and Greeks will look up and shout save us.. and I'll look down and whisper NO

The Germans aren't one to talk about budget deficits.

[www.tradingeconomics.com image 710x300]
They have a habit for blowing through the 3% cap themselves.


You realize that chart clearly shows a responsible Germany which just happens to dip after severe global economic downturns?  Because thats what I'm seeing, the 9/11 tech bubble crash and the 2008 housing bubble crash... with a prompt return to the positive after each.
 
2013-04-15 11:59:03 AM
fta:  "taxpayers will not be burdened more and that they will only have to pay increases in VAT"

Doesn't VAT stand for value added tax?
 
2013-04-15 12:05:11 PM

mcreadyblue: What does the US have to show?


Assault rifles, rampant homophobia, teen pregnancy rates that rival third-world countries, and severe misinterpretations of Christ's teachings.
 
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