The Facts: MORE Goverment Makes For Stable Finances

[marmar]

from the Working Life blog:



The Facts: MORE Goverment Makes For Stable Finances
by Jonathan Tasini

Wednesday 10 of February, 2010


Among the most troubling retreats, in my view, in the public discourse has been the adoption of the false idea that deep government involvement in the economy is a bad thing. It's a retreat that too many Democrats have taken part in. The problem is the FACTS say otherwise. And the known left-wing organ, The Financial Times, illustrates the point today.

The FT article is mostly focused on the challenges facing some countries, notably Greece, over their spending:

Storms over public finances are lashing southern Europe as financial markets force governments across the continent to take a single-minded approach towards cutting spending, raising tax revenues – and, in most cases, both.

But it's the chart that goes with the story that is far more interesting. At the top of the chart is Greece, which is forecast to have a gross government debt in 2010 of 124.9 percent of GDP. Not good.

Way down the list, however, with a forecasted gross government debt of below 50 percent are Finland, Sweden and Denmark--the last with a 35.3 percent figure. .........(more)

The complete piece is at: http://www.workinglife.org/blogs/view_post.php?content_id=14711

[JuniperLea]

1. Haiti has very little regulation...

So there's not much in the way of honest banking or building codes... I think the GOP is trying to turn us into Haiti... :cry:

Think of countries like Argentina, where the people just won't use banks, period! No regulations! If you put your money in, there's no guaranty it will still be there when you go back for it.

All the reasons in the world why we should stick with a well regulated banking system, FDA, etc., are all around us if we'd bother to look.

[LiberalFighter]

2. Gee...

It's easier to get your money from the government if you do business with them. STABILITY

It's requires less revenue when the government performs the task in most cases.