Grumpa Joe:

Men, let’s all put our arms on our partners shoulders and learn to kick dance like the Greeks.

Originally posted on International Liberty:

Back in 2010, I posted a fascinating map from the Economist website, showing debt burdens (as a share of GDP) for nations around the world. This data showed lots of red ink, with Western Europe generally being more indebted than the United States.

In 2011, I posted some charts from a study by the Bank for International Settlements, revealing that the long-run fiscal outlook for the United States is worse than the outlook for European nations.

In other words, our politicians to date haven’t over-spent as much as their counterparts in Europe, but it appears that – if government is left on auto-pilot – America will suffer more from excessive government than European nations in the future.

Here’s some new evidence about the perilous long-term state of public finances in America. According to the Organization for Economic Cooperation and Development, the United States has to do more…

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One Response

  1. You can’t use borrowed money to buy prosperity, but it can be used to buy VOTES. When you take from the producers and give to the non-producers, after taking the GOVERNMENT CUT off the top, you then create more non-producers. Eventually there are not enough producers to pay the taxes, a situatiion we have now. What we have now, is not sustainable. May GOD have mercy on AMERICA.

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