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Topic:
Good news France...
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Kamdar
Posts: 147
Registered: 2001-10-7 05:01:29
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Date Posted:
1/1/00 12:00am
Subject:
Good news France...
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The Economist states that your public debt will be 100% in 2-3 years and is the next Greece!
Hope you are enjoying the 30 hr work weeks and 6 months paid vacations you are getting now!
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Does your ass get jealous of the shit that comes out of your mouth?
Obama 05 "Congress having to raise the debt ceiling shows the utter failure that is Pres Bush"
Obama '11 " Congress NOT raising the debt ceiling shows the utter failure that is the
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IMHO
Title: Official Outpost Greeter
Posts: 2,287
Registered: 2001-11-1 03:55:02
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Date Posted:
1/1/00 12:00am
Subject:
Good news France...
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link?
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You're Right ~ Koneg
He's [Manegarm] like the Fred Phelps of atheism. ~Bubbledude
many of you are in the Republican boat, aka the ship of fools. ~Modeeb
We are here on Earth to fart around. Don't let anybody tell you any different. ~Kurt Vonnegut
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Date Posted:
1/1/00 12:00am
Subject:
Good news France...
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Because it took all of five seconds to find it without typing a single word (prior to this).
http://www.economist.com/node/21551478
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theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Good news France...
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link posted:
France now has the euro zone’s largest current-account deficit in nominal terms.
there is your problem
France is also hampered by a Central Bank that is willing to push everyone into recession in order to keep prices and wages from rising.
Combine those two and its trouble.
But its more fun to ignore the actual issues and cry about taxes I guess.
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bstulic
Posts: 761
Registered: 2002-7-26 04:55:00
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Date Posted:
1/1/00 12:00am
Subject:
Good news France...
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There is enough money and work for everyone...its just capitalism
that plays Ponzi schemes around the globe
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Bjorvald
Posts: 334
Registered: 2002-4-5 20:51:00
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Date Posted:
1/1/00 12:00am
Subject:
Good news France...
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theredkay1 posted:
link posted:
France now has the euro zone’s largest current-account deficit in nominal terms.
there is your problem
quote]
No, here is your problem: "Public spending, at 56% of GDP, "
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Bjorvald 9lx healer
Blinknone, various toons on classic
GANKED AGAIN
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-Espiritu-
Posts: 269
Registered: 2004-11-29 18:27:00
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Date Posted:
1/1/00 12:00am
Subject:
Good news France...
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56%??? Not nearly enough comrade!!!
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Espiritu - SWTOR (retired)
Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
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Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
Good news France...
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France's state is too big. That is more a factor of low economic growth than anything else, though.
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theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Good news France...
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Bjorvald posted:
theredkay1 posted:
link posted:
France now has the euro zone’s largest current-account deficit in nominal terms.
there is your problem
No, here is your problem: "Public spending, at 56% of GDP, "
The former is largely responsible for the latter.
Large trade deficits require new debt or a reduction in savings. You are upset about an accounting construct but unwilling to understand what the numbers mean.
A trade deficit requires negative savings. If you dont like negative savings, do something about the cause.
Greece and Spain are attempting to resolve the public spending/debt problem without addressing the cause. With disastrous results.
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-Espiritu-
Posts: 269
Registered: 2004-11-29 18:27:00
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Date Posted:
1/1/00 12:00am
Subject:
Good news France...
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ok... lets explore your freakonomics.
What level of taxation will reverse France's trade deficit?
The reason that your statement isn't false, just ignorant. With high enough levels of taxation nobody will be able to afford anything imported or domestically produced.
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Espiritu - SWTOR (retired)
Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
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