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Marks on 13 August 2011
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non-gravity said:
Marks said:
Troll_Whisperer said:
Britain's welfare state is much less developed than those of, say, Norway, Finland, Netherlands, Denmark... which are very successful societies. So I wouldn't blame welfare.

Norway - $2.23 Trillion Debt

Denmark - $560 Billion Debt

Netherlands - $518 Billion Debt

Finland - $371 Billion Debt

 

Very high standard of living, but at a cost. And the US has huge debt thanks to social spending, as well as reckless military spending.

The figure for the Netherlands seems about right for the amount the government is in debt. The other figures are either measuring something else or are just off.

And really holding a decently sized debt isn't such a great cost.


Yeah I got those from kind of a weird source (I just wanted a quick answer), but I went back to the CIA factbook and its different. My apologies for the crappy source. 

CIA factbook does it by percentage of GDP instead of just a number though. Norways is 48% of their GDP so more like $200 billion debt. I don't know where that other source got their whack numbers.

And yeah even though these countries doe have a large amount of debt they have really high standards of living so maybe it is worth it.