Quote:
Originally Posted by RummyBoy
As I said earlier in this post: "the welfare bill contributes to that national debt for every single country that operates a welfare state and has a national debt." The above supports what I am saying and the fact that some research thinks it does not make a "significant contribution" doesn't matter one iota, it still contributes to public debt.
It is clear that countries with large welfare states do tend to be the ones with big government, big regulation, more intervention and also do tend to have higher debt levels. There's absolutely no question about that.
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For starters not all welfare states have debt at all, I mean net debt as every country usually has loan program going on, so that they have the structures to get loan if really necessary.
Your saying is just plainly wrong simplified assumption. Also you make bunch of other assumptions (with tone). Your approach is ideology driven.
If I would say the opposite with tone it would sound like this: big government (oh yes..), big regulation (goody), more intervention (I'm on fire), higher debt levels (oh yeah). Sounds objective?
For example US has took massive amounts of loan to fund it's economy. From business perspective that can be considered as a good and bad thing. That has made lot of folks rich, very rich. Although some other folks might have to pay it partially (so bad for them). Good hit and run tactic though.