| Avinash_Tyagi said: The problem with long-term is it can be defined in so many ways, 15 weeks, 12 months, which is why I ascribe to Keynes who said in the long run we are all dead. Also it doesn't really change my point regardless of what measure you use for long term, since either way in france the govt bankrolls the unemployed |
And it works out very poorly.
Why? The system gives the poor a lot for free.... but the poor don't really end up owning anything. Families on welfare STAY on welfare, because they can't dig themselves out of the hole... because they get welfare and they can't get jobs to build up money to build up wealth to get out of their holes.
There is too great of a stigma to being out of employment for even a lot of the smaller jobs out there.
Nevermind the fact that their budget deficit makes ours look great... outside of possibly this stimulus spending. Not sure what that'll due to our debt vs GDP. They should technically be kicked out of the EU. But then again countries like Belgium were let in.
(Oh and before you throw back numbers without knowing the meanings... the US actually measures it's government debt different then France.)
