Defense spending is only 14% of our total government budget when you combine Federal, State and Local.
http://www.usgovernmentspending.com/ Total Spending $6.2 trillion Pensions $1.1 trillion Health Care $1.1 trillion Education $0.8 trillion Defense $0.9 trillion Welfare $0.7 trillion If this is a reflection of the aging population? 26% - not neglectable - is remainder. and remainder is what? where does the bailouts show up?
I don't have any idea where bailouts show up, but I'm sure they would be in that "remainder" category, which also includes such things as..... -Roads & Infrastructure -Debt Service -Local departments such as health departments, libraries, court systems, prisons, DMV's, etc
The problem is, once employed, if you get fired the next day...you get unemployment for a year. who wants to risk that? and now there will be 100,000 applications for a job, so why not pay them less? of course people are exploited....this is how it works. so open an account and make millions.....quit being lazy!!!! we are finance people.....we have no soul!!!! I will hire 100 of them for 0.01 per hour, only if experts in programming!!! I am a capitalist!!! lol
Scandinavian countries have social democracy, which is different than socialism, which from a strict academic standpoint never really have existed in real life.
Both yes and no. Southern Europe have been on a spending spree, while Norther Europe has been rather thrifty, despite the boom years before the financial crisis. Now, everyone wakes up after the binge drinking party with a hangover, wondering what happened the day before, and waiting for someone else to clean up the mess for them. EU has never been more divided than since WWII and countries like Spain are losing a generation through astronomic unemployment.
How is the Spanish stock market doing so well? Its practically at a 52 week high, up about 25% year over year?
Interesting, I saw that the TARP amounted to the entire historical budget of NASA - now the US is no longer able to send people into space...misallocation of resources?