Kamdar
Posts:
6,008
Registered:
Oct 7, '01
Extended Info (if available)
Real Post Cnt: 5,686
User ID: 442,020
|
Subject:
Good news France...
|
The Economist states that your public debt will be 100% in 2-3 years and is the next Greece!
Hope you are enjoying the 30 hr work weeks and 6 months paid vacations you are getting now!
-----signature-----
Does your ass get jealous of the shit that comes out of your mouth?
Obama 05 "Congress having to raise the debt ceiling shows the utter failure that is Pres Bush"
Obama '11 " Congress NOT raising the debt ceiling shows the utter failure that is the
R
|
|
Link to this post
|
IMHO
Title: Official Outpost Greeter
Posts:
30,884
Registered:
Nov 1, '01
Extended Info (if available)
Real Post Cnt: 28,020
User ID: 490,177
|
Subject:
Good news France...
|
|
link?
-----signature-----
You're Right ~ Koneg
He's [Manegarm] like the Fred Phelps of atheism. ~Bubbledude
many of you are in the Republican boat, aka the ship of fools. ~Modeeb
We are here on Earth to fart around. Don't let anybody tell you any different. ~Kurt Vonnegut
|
|
Link to this post
|
Aerlinthian
Posts:
66,222
Registered:
May 7, '01
Extended Info (if available)
Real Post Cnt: 65,491
User ID: 94,919
|
Subject:
Good news France...
|
Because it took all of five seconds to find it without typing a single word (prior to this).
http://www.economist.com/node/21551478
-----signature-----
(none)
|
|
Link to this post
|
theredkay1
Posts:
6,731
Registered:
May 16, '08
Extended Info (if available)
Real Post Cnt: 6,729
User ID: 1,297,378
|
Subject:
Good news France...
|
link posted:
France now has the euro zone’s largest current-account deficit in nominal terms.
there is your problem
France is also hampered by a Central Bank that is willing to push everyone into recession in order to keep prices and wages from rising.
Combine those two and its trouble.
But its more fun to ignore the actual issues and cry about taxes I guess.
-----signature-----
(none)
|
|
Link to this post
|
bstulic
Posts:
17,106
Registered:
Jul 26, '02
Extended Info (if available)
Real Post Cnt: 14,844
User ID: 700,812
|
Subject:
Good news France...
|
There is enough money and work for everyone...its just capitalism
that plays Ponzi schemes around the globe
-----signature-----
|
|
Link to this post
|
Bjorvald
Posts:
9,251
Registered:
Apr 5, '02
Extended Info (if available)
Real Post Cnt: 8,849
User ID: 665,468
|
Subject:
Good news France...
|
theredkay1 posted:
[quote=link] France now has the euro zone’s largest current-account deficit in nominal terms.
there is your problem
quote]
No, here is your problem: "Public spending, at 56% of GDP, "
-----signature-----
Bjorvald 9lx healer
Blinknone, various toons on classic
GANKED AGAIN
|
|
Link to this post
|
-Espiritu-
Posts:
10,404
Registered:
Nov 29, '04
Extended Info (if available)
Real Post Cnt: 9,216
User ID: 999,377
|
Subject:
Good news France...
|
56%??? Not nearly enough comrade!!!
-----signature-----
Espiritu - SWTOR (retired)
Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
|
|
Link to this post
|
Yukishiro1
Posts:
38,362
Registered:
Sep 20, '02
Extended Info (if available)
Real Post Cnt: 31,453
User ID: 718,633
|
Subject:
Good news France...
|
France's state is too big. That is more a factor of low economic growth than anything else, though.
-----signature-----
(none)
|
|
Link to this post
|
theredkay1
Posts:
6,731
Registered:
May 16, '08
Extended Info (if available)
Real Post Cnt: 6,729
User ID: 1,297,378
|
Subject:
Good news France...
|
Bjorvald posted:
theredkay1 posted:
link posted:
France now has the euro zone’s largest current-account deficit in nominal terms.
there is your problem
No, here is your problem: "Public spending, at 56% of GDP, "
The former is largely responsible for the latter.
Large trade deficits require new debt or a reduction in savings. You are upset about an accounting construct but unwilling to understand what the numbers mean.
A trade deficit requires negative savings. If you dont like negative savings, do something about the cause.
Greece and Spain are attempting to resolve the public spending/debt problem without addressing the cause. With disastrous results.
-----signature-----
(none)
|
|
Link to this post
|
-Espiritu-
Posts:
10,404
Registered:
Nov 29, '04
Extended Info (if available)
Real Post Cnt: 9,216
User ID: 999,377
|
Subject:
Good news France...
|
ok... lets explore your freakonomics.
What level of taxation will reverse France's trade deficit?
The reason that your statement isn't false, just ignorant. With high enough levels of taxation nobody will be able to afford anything imported or domestically produced.
-----signature-----
Espiritu - SWTOR (retired)
Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
|
|
Link to this post
|
__Bonk__
Posts:
53,947
Registered:
Jul 25, '09
Extended Info (if available)
Real Post Cnt: 53,339
User ID: 1,364,654
|
Subject:
Good news France...
|
Its nothing to celebrate. Still countries are going to have to change the way they do business.
-----signature-----
I keep my eyes fixed on the sun!
A change in feeling is a change in destiny.
|
|
Link to this post
|
Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts:
25,187
Registered:
Dec 21, '01
Extended Info (if available)
Real Post Cnt: 25,057
User ID: 568,022
|
Subject:
Good news France...
|
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
|
|
Link to this post
|
bstulic
Posts:
17,106
Registered:
Jul 26, '02
Extended Info (if available)
Real Post Cnt: 14,844
User ID: 700,812
|
Subject:
Good news France...
|
In 1950s one salary was enough for the middle class family
Now, average worker produces 10 times more, yet two salaries
can't cover expanses.
Please...
-----signature-----
|
|
Link to this post
|
Testerion
Posts:
13,648
Registered:
Dec 28, '01
Extended Info (if available)
Real Post Cnt: 11,239
User ID: 579,185
|
Subject:
Good news France...
|
Do you know which other country is well past 100% too?
...USA!
http://www.usgovernmentspending.com/federal_debt_chart.html
GUESS YOU GUYS OUGHT TO WORK MORE
-----signature-----
[image=http://skender.be/supportdenmark/SupportDenmarkSmall2EN.png]
|
|
Link to this post
|
Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts:
25,187
Registered:
Dec 21, '01
Extended Info (if available)
Real Post Cnt: 25,057
User ID: 568,022
|
Subject:
Good news France...
|
Testerion posted:
Do you know which other country is well past 100% too?
...USA!
http://www.usgovernmentspending.com/federal_debt_chart.html
GUESS YOU GUYS OUGHT TO WORK MORE
Ayyyyyup. Considering about half the US is unemployed or radically underemployed.
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
|
|
Link to this post
|
NuEM
Posts:
15,394
Registered:
Mar 2, '04
Extended Info (if available)
Real Post Cnt: 13,662
User ID: 900,449
|
Subject:
Good news France...
|
bstulic posted:
In 1950s one salary was enough for the middle class family
Now, average worker produces 10 times more, yet two salaries
can't cover expanses.
Please...
Productivity has increased immensely. Now we have an organizational problem distributing the benefits of that productivity.
-----signature-----
|
|
Link to this post
|
