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View Diary: The Myths That Are Killing Us (155 comments)

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  •  Lol (1+ / 0-)
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    American exceptionalism on full display. We are very similar to Japan, a modern industrial country currently mired in 200% debt to GDP that can print its own currency.

    Japan tried to spend their way out of their credit crisis without success too. Tons of public works projects, roads, etc. Their economy has been weak for 20 years anyway, and now looks like a crisis is brewing as their older generations start selling JPY bonds to pay for retirement.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Fri Mar 02, 2012 at 05:42:38 AM PST

    [ Parent ]

    •  Well s/he does have "Rome" in his/her name (0+ / 0-)


      The power of accurate observation is commonly called cynicism by those who have not got it. G.B. Shaw

      by baghavadgita on Fri Mar 02, 2012 at 06:13:14 AM PST

      [ Parent ]

    •  Japan has 4.6% unemployment (8+ / 0-)

      single payer health care, finite land mass and a homogeneous population.

      Greece has 20% unemployment, gov't healthcare, a finite land mass and a homogeneous population.

      Neither are currently involved in wars, military operations, bases etc., except for the extent of Greece's participation NATO.

      Japan has their own currency, Greece is on the Euro. Their taxation bases are different. Their age demographics are different. Greece is a service economy, Japan is a production economy.

      Economics is more than GDP v. Debt. It has nothing to do with exceptionalism.

      •  starvation deaths in Japan (0+ / 0-)

        Over 300 Japanese had died of starvation according to the health ministry since 2000.

        Japanese tend to have savings so they are often able to survive years of unemployment.

        Sometimes the money runs out though.

      •  Greece spends a very high proportion of (1+ / 0-)
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        its federal budget on the military.  With the active encouragement if not demand from other NATO countries which benefit from the sale of military hardware from their manufacturers to Greece.

        With regard to UHC, it consumes 8.5% of GDP in Japan and 9.6% in Greece.  That translates to per capita annual costs of $2,878 in Japan and $2,724.  Greece's numbers may be more understated than Japan's as the poor immigrant population is more likely to use the free, private charitable clinics (with austerity cutbacks to Greece's health care system, more Greeks are using those free clinics and stressing their resources).  The non-universal US health care system consumes 17.6% of GDP at an annual per capita cost of $7,960.  A very relevant fact is the percentage of the population that is 65 years of age and older:

        Japan: 22.6%
        Greece: 19.1%
        US: 13.0%

        Imagine how much more will be spent in the US as the population gets older.

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