You guys will keep up this stupid game of refusing what is cold hard fact right up until your party is dead
TM please provide the name of a single European country with a balanced budget. You dont even have to name one with a balanced budget that is in crisis. Just one with a balanced budget.
Until you can provide facts, then you dont have to refuse.
No European country has a balanced budget. The closest is Germany that should reach balanced budget goals in 2013 or 2014. By then Germany will have pulled out of the Eurozone and reinstituted the Deuchmark instead of the Euro which will plunge Europe into a serious depression. Germany will NOT under any circumstances assume the support of the entirety of European socialism.
The problem with countries like Greece is that there are too many government workers with too many lavish salaries and benefits and too few private sector workers to support the public sector.
http://wwOne in three Greeks works for the government. Government employees enjoy higher wages, more munificent benefits, and earlier retirements than private-sector employees. Civil servants can retire after 35 years of service at 80 percent of their highest salary and enjoy lavish health plans, vacations, and other perks. Because they are so numerous, and because Greece is highly centralized, public-sector unions hardly have to negotiate. They simply vote in their preferred bosses. Some civil servants receive bonuses for using computers, others for arriving at work on time. Forestry workers get a bonus for outdoor work. All civil servants receive 14 yearly checks for twelve months’ work. And it’s almost impossible to fire them — even for the grossest incompetence.
Public-sector unions are growing in the U.S. More than 50 percent of all union members are now public employees, and their unions have negotiated sweet deals with local, state, and federal governments. As economic historian John Steele Gordon points out, “Federal workers now earn, in wages and benefits, about twice what their private-sector equivalents get paid. State workers often have Cadillac health plans and retirement benefits far above the private sector average: 80 percent of public-sector workers have pension benefits, only 50 percent in the private sector. Many can retire at age 50.” While private employers were shedding jobs during the recession, state and local governments hired 110,000 new workers.
Lessons for the U.S. in GreeceÂ’s National Meltdown - Mona Charen - National Review Online
Democrats admire Greece, to democrats now that the US has become Greece things will be demonstrably better.
I bet if obama said the sky was green you would believe that also.
