Re: [Nolug] Who usually shows up for meetings?

On 12/08/08 17:48, Mark A. Hershberger wrote:
> Ron Johnson <ron.l.johnson@cox.net> writes:
>
>> France and Germany were in deep trouble because of high unemployment
>> and Big Union and Big Government being joined at the hip, even before
>> last month's financial crisis.
>
> More fuel for the fire: http://xrl.us/o2kct
>
> According to that, the UK has far more “external debt” than Germany and
> France (Finland is not mentioned).
>
> I'm not sure how meaningful the “Effective Net Worth Per Citizen” chart
> is, but it *is* interesting.

A third of the way down the page is this quote:
     So what are the causes of the high debt-to-income ratios in
     Europe? Expensive labor. Expensive exports. Expensive currency.
     Small population. High levels of taxation and large social
     welfare systems. On the international front, European nations
     are having a difficult time competing with an increasingly
     devalued dollar (and consequently the Chinese Yuan and The
     Japanese Yen), and domestically, these nations are taking care
     of their citizens to a point that would make any red-blooded
     Texas Republican cringe. And of course, the wealthy classes in
     these countries are so heavily taxed that money is being pumped
     back into the country’s extensive social programs that, perhaps
     counter-intuitively, can affect the economy negatively.

-- 
Ron Johnson, Jr.
Jefferson LA  USA
How does being physically handicapped make me Differently-Abled?
What different abilities do I have?
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