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2007-09-24 Europe
France Is Broke
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Posted by Anonymoose 2007-09-24 00:00|| || Front Page|| [2 views ]  Top

#1 So is the US. We just won't admit it and people have no alternative to our IOUs.
Posted by Nimble Spemble 2007-09-24 07:22||   2007-09-24 07:22|| Front Page Top

#2 France's tax burden is one of the highest in Europe -- welfare states don't come cheap. The top marginal income tax rate is 48 percent.

A typical low-income family of four has much of its rent subsidized by the French government and can receive more than $1,200 a month in various government benefits. The unemployed receive more. Much of France's Muslim community lives in areas overcome with poverty and unemployment. And in no small measure the blame can be attributed to France's prized welfare system.

Ah so much for the "Welfare State"; wet-dream of the liberals.
Posted by JohnQC 2007-09-24 10:07||   2007-09-24 10:07|| Front Page Top

#3 So is pretty much every western nation. The entitlement crowd's bills will come due soon with major amounts of interest. Once the boomers are in full retirement I can see a severe recession or depression since the government banks will be going broke over the welfare programs.
Posted by DarthVader">DarthVader  2007-09-24 11:46||   2007-09-24 11:46|| Front Page Top

#4 Expect extensive sales of war materials---including nuke tech---to moneyed third worlders.
Posted by gromgoru 2007-09-24 11:58||   2007-09-24 11:58|| Front Page Top

#5 buy your guns and ammo now if you haven't already. Predictions of folks breaking and entering to get what they don't have will be on the rise. With the baby boomers retired no one left to pay for the high costs of welfare. Our poor kids.
Not to be paranoid, but to protect one self.
Posted by Jan from work 2007-09-24 12:56||   2007-09-24 12:56|| Front Page Top

#6 Until Sarkozy, bribing voters with their own money was the standard means of getting elected in France. Drastic measures need to be proposed, in spite of union and minority (Muslim) opposition. The plebiscite was invented in France; I suggest Sarkozy use it to put special interest parties in the role of counter-revolutionaries.
Posted by Albemarle Elmuque2506 2007-09-24 16:16||   2007-09-24 16:16|| Front Page Top

#7 "spend up to €15billion on tax-cuts"?

That's impossible. Unless you think that the government owns the people...
Posted by Bright Pebbles 2007-09-24 17:56||   2007-09-24 17:56|| Front Page Top

#8 Go Jan fromWork,#5: buy your guns and ammo now if you haven't already.

Likethats gonnahappenUK-side!!!, Negrodrive-by not gonnahapen either, not.
Predictions of folks breaking and entering to get what they don't have will be on the rise.

Already happening. What is new?

With the baby boomers retired,

(I don't say I retired until I say it),


"no one left to pay for the high costs of welfare. Our poor kids".

Well, my poor kid got a shit load more health care than Rocket-Boy from Paki-Waki, Splodey-Dope Land. And they can keep that shit to themselves.


"Not to be paranoid, but to protect one self".


mmmm,hokay, dejas vu, geta plan.
Posted by rhodesiafever 2007-09-24 19:01||   2007-09-24 19:01|| Front Page Top

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