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Tuesday, August 11, 2015

The Social Spending League

In the social spending league, France tops the list with 31.9% of GDP going on social programs. What is interesting is that Germany spends 25.8% of GDP while the much maligned and profligate Greece spends 24% of its GDP on social programs, a drop of 2% since austerity programs started in 2010. It doesn't seem that Greece's spending is out of line or that pensioners need to face a cut in necessaries.. Of course, free access for all humanity would make this 'league' obsolete. Canada' percentage has dropped to just 17%, 1.5% down since 2009 while the US leads us with 21.7%. John Ayers.

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