Wednesday, August 10, 2011

That pesky truism that the money has to come from somewhere

German chancellor Merkel is getting resistance from her own Christian Democratic party along the lines of "That's about enough asking this country to keep bailing out the Mediterranean failures."

6 comments:

  1. Cut expenses, and, if you have to, increase revenues.

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  2. Yeah, maybe it's time we took a look at how the Krauts do it too.

    Germany's health care system provides its residents with nearly universal access to comprehensive high-quality medical care and a choice of physicians. Over 90 percent of the population receives health care through the country's statutory health care insurance program. Membership in this program is compulsory for all those earning less than a periodically revised income ceiling. Nearly all of the remainder of the population receives health care via private for-profit insurance companies. Everyone uses the same health care facilities.

    Old-age pensions in the Federal Republic of Germany,
    Europe’s largest economic force with a population
    of over 80 million people, are still financed by a
    system established in the 19th century. However,
    this system, which has provided old-age prosperity
    for generations of Germans, has undergone massive
    restructuring measures in the last decade in order
    to build a strong, sustainable basis for secure
    retirement.

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  3. Which has a whole lot to do with why members of Merkel's own party are telling her, "We are out of resources due to our own socialist obligations. Now, stop promising stuff to those who are into that crap even deeper than we are."

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  4. Socialism and crap huh? I did not get that from the linked article, but whatever you say. Can you say social insurance programs instead of socialism? I wonder if they fret about their military spending like we do.

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  5. No, that's because they've been under our security umbrella for 60-plus years and haven't had to worry about defending their own asses.

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