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by lmm
5047 days ago
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> And is bankrupt France really a country to emulate Yes, it really is. Its people are happier, healthier, and better educated; they work less, eat better and have better relationships with their families. And are substantially less indebted than those of the US. |
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http://en.wikipedia.org/wiki/List_of_countries_by_public_deb...
France's debt to GDP ratio is ~86-89%. The United States is 102%. Now the US is surely going to crash, and crash hard, but emulating France is not going to get us out of a debt crash. Quite the contrary.
France's current debt to GDP ratio is about 86-89% as of the first quarter of 2012. This ratio was expected to pass 100% by 2017 with Sarkozy as the president. With Hollande we can expect the ratio to pass 100% by an earlier date.