The Facts: MORE Goverment Makes For Stable Finances

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:



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