Thursday, March 12, 2015
To the Near Future in a Hand-Basket
According to data from the Bank for International Settlements, the IMF, and the OECD, if France refuses to make substantive changes to it's entitlement programs, their debt to GDP ratio will be damn close to 400% by 2040. Hopefully they don't have a bunch of imbecilic Pelosi-like politicians who go around saying that the solution to France's welfare system is "France's welfare system"....Oh, and the projected debt to GDP ratio of America - yeah, it's even higher at close to 500%. What say YOU, Mrs. Pelosi?