Openmind
Well-Known Member
England changed it's tune, as did Germany (and France) by walking away from high taxes and socialism (to what would seem to us a small extent but huge to them). Greece did not (along with Portugal, Spain and Italy). See the difference ? Ireland was a different story, they tried to walk away but blew it by doubling down on spending when the Celtic Tiger delivered boom times. Now they're that much further down the crapper.
Wrong, dear! England, France, and Germany (as well as Belgium, and Italy) continue to have a VERY STRONG safety net, to which they are just NOW getting ready to make some cuts.
Even after those cuts, they will still have a safety net that is MUCH broader than anything we have ever had (including universal health care).
The other countries you mentionned made the mistake of setting up very strong safety net BEFORE they were economically stable. Still, Europe in general is still healthier in terms of economic stability and safety net as we are. And. . .while the dollars is getting weaker, the Euro continues to go up, in spite of those "crisis" in the 4 countries.
By the way, I think it would be interesting to find out what how the GDP in States like (let's say) South Carolina, or Alabama, relates to THEIR deficit!
You see, we ALWAYS look at the whole of America as ONE. . . but we tend to look at Europe as ONE only when it serves our purpose.
Now, it would be interesting to compare apples and apples (States in the Union, to Countries in the European Union), Including GDP per capita, Deficit per capita, etc. . .