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	<title>Comments on: US vs Europe: Who is the Welfare State?</title>
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	<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: The grassroots investing groundswell (part 1) &#171; Mr. Unexpectedly</title>
		<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/comment-page-2/#comment-180349</link>
		<dc:creator>The grassroots investing groundswell (part 1) &#171; Mr. Unexpectedly</dc:creator>
		<pubDate>Sun, 07 Jun 2009 21:28:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25342#comment-180349</guid>
		<description>[...] web 201X No Comments&#160;  Sometimes very few words can raise a massive brainstorm. Consider this simple post from the formidable Barry Ritholtz on the question of socialism, American v. European. This sort of [...]</description>
		<content:encoded><![CDATA[<p>[...] web 201X No Comments&nbsp;  Sometimes very few words can raise a massive brainstorm. Consider this simple post from the formidable Barry Ritholtz on the question of socialism, American v. European. This sort of [...]</p>
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		<title>By: carapace - Not your father&#8217;s america &#187; Tuesday May 5, 2009 - &#8220;The wisest mind has something yet to learn.&#8221; - George Santayana</title>
		<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/comment-page-2/#comment-167978</link>
		<dc:creator>carapace - Not your father&#8217;s america &#187; Tuesday May 5, 2009 - &#8220;The wisest mind has something yet to learn.&#8221; - George Santayana</dc:creator>
		<pubDate>Tue, 05 May 2009 04:34:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25342#comment-167978</guid>
		<description>[...] http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/ [...]</description>
		<content:encoded><![CDATA[<p>[...] <a href="http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/" rel="nofollow">http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/</a> [...]</p>
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		<title>By: kcowan</title>
		<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/comment-page-2/#comment-167232</link>
		<dc:creator>kcowan</dc:creator>
		<pubDate>Sat, 02 May 2009 16:08:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25342#comment-167232</guid>
		<description>Most of the people that don&#039;t like Europe have never lived there.</description>
		<content:encoded><![CDATA[<p>Most of the people that don&#8217;t like Europe have never lived there.</p>
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		<title>By: me</title>
		<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/comment-page-2/#comment-167220</link>
		<dc:creator>me</dc:creator>
		<pubDate>Sat, 02 May 2009 15:13:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25342#comment-167220</guid>
		<description>Oleg Says: 

Food for thought: every American consulate in Europe has a long list of people waiting to relocate to the US; not many of the American “natural population” dreams of emigrating to Europe, damn idiots.

The International Organization for Migration says:

&quot;there are more than 200 million migrants around the world today. Europe hosted the largest number of immigrants, with 70.6 million people in 2005, the latest year for which figures are available. North America, with over 45.1 million immigrants, is second, followed by Asia, which hosts nearly 25.3 million.&quot;

I didn&#039;t think you had any facts to back up your opinion.</description>
		<content:encoded><![CDATA[<p>Oleg Says: </p>
<p>Food for thought: every American consulate in Europe has a long list of people waiting to relocate to the US; not many of the American “natural population” dreams of emigrating to Europe, damn idiots.</p>
<p>The International Organization for Migration says:</p>
<p>&#8220;there are more than 200 million migrants around the world today. Europe hosted the largest number of immigrants, with 70.6 million people in 2005, the latest year for which figures are available. North America, with over 45.1 million immigrants, is second, followed by Asia, which hosts nearly 25.3 million.&#8221;</p>
<p>I didn&#8217;t think you had any facts to back up your opinion.</p>
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		<title>By: Whammer</title>
		<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/comment-page-2/#comment-167157</link>
		<dc:creator>Whammer</dc:creator>
		<pubDate>Sat, 02 May 2009 03:35:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25342#comment-167157</guid>
		<description>@catman -- hey, I mentioned the military budget up there.  I don&#039;t quite agree with your spin on it, but I do find it rather remarkable that military spending isn&#039;t front/center in terms of &quot;what the heck are we doing&quot;&quot;?

@wunsacon, I get your point; in fact, I thought about trying to join the CIA after 9/11, but not really seriously I guess.  I do think that a lot of folks want govt. jobs for the a) security, b) pension/benefits, and c) perceived &quot;cushiness&quot; of those jobs.  But I don&#039;t want to paint with too broad a brush.  

I look at the implications, for example, of where I&#039;d be today if I had gone to work in a govt. job (almost doesn&#039;t matter which -- fed, state, local), and what my pension would be, vs. what I&#039;m looking at from my 201k.  Of course, it does appear that the govt. pensions are doomed, but that is another story..........</description>
		<content:encoded><![CDATA[<p>@catman &#8212; hey, I mentioned the military budget up there.  I don&#8217;t quite agree with your spin on it, but I do find it rather remarkable that military spending isn&#8217;t front/center in terms of &#8220;what the heck are we doing&#8221;"?</p>
<p>@wunsacon, I get your point; in fact, I thought about trying to join the CIA after 9/11, but not really seriously I guess.  I do think that a lot of folks want govt. jobs for the a) security, b) pension/benefits, and c) perceived &#8220;cushiness&#8221; of those jobs.  But I don&#8217;t want to paint with too broad a brush.  </p>
<p>I look at the implications, for example, of where I&#8217;d be today if I had gone to work in a govt. job (almost doesn&#8217;t matter which &#8212; fed, state, local), and what my pension would be, vs. what I&#8217;m looking at from my 201k.  Of course, it does appear that the govt. pensions are doomed, but that is another story&#8230;&#8230;&#8230;.</p>
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		<title>By: davver1</title>
		<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/comment-page-2/#comment-167148</link>
		<dc:creator>davver1</dc:creator>
		<pubDate>Sat, 02 May 2009 01:28:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25342#comment-167148</guid>
		<description>Does this mean we can stop saying &quot;capitalism&quot; failed?</description>
		<content:encoded><![CDATA[<p>Does this mean we can stop saying &#8220;capitalism&#8221; failed?</p>
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		<title>By: wunsacon</title>
		<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/comment-page-2/#comment-167120</link>
		<dc:creator>wunsacon</dc:creator>
		<pubDate>Fri, 01 May 2009 23:27:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25342#comment-167120</guid>
		<description>In other words, the desire to work for the government may be borne out of some sense of community spirit.</description>
		<content:encoded><![CDATA[<p>In other words, the desire to work for the government may be borne out of some sense of community spirit.</p>
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		<title>By: wunsacon</title>
		<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/comment-page-2/#comment-167119</link>
		<dc:creator>wunsacon</dc:creator>
		<pubDate>Fri, 01 May 2009 23:25:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25342#comment-167119</guid>
		<description>&gt;&gt; The desire of a huge majority of young French people to want to work for the government is sad

Is it &quot;really&quot; so sad?  A couple of times in the past, I applied to work for the USG.  One of the selling points for me is: the &quot;profits&quot; of whatever good I do on the job inure to the average shmo.  That&#039;s in contrast to the (many) private companies I&#039;ve worked for, where for the  most part I worked for some jerks and their rich benefactors.</description>
		<content:encoded><![CDATA[<p>&gt;&gt; The desire of a huge majority of young French people to want to work for the government is sad</p>
<p>Is it &#8220;really&#8221; so sad?  A couple of times in the past, I applied to work for the USG.  One of the selling points for me is: the &#8220;profits&#8221; of whatever good I do on the job inure to the average shmo.  That&#8217;s in contrast to the (many) private companies I&#8217;ve worked for, where for the  most part I worked for some jerks and their rich benefactors.</p>
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		<title>By: call me ahab</title>
		<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/comment-page-2/#comment-167116</link>
		<dc:creator>call me ahab</dc:creator>
		<pubDate>Fri, 01 May 2009 22:51:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25342#comment-167116</guid>
		<description>Froglip Says:

&quot;I do not beleive heath care is a make or brake case for the US&quot;

Froglip Says:

&quot;You greedy fucks who don’t want to create a national heath care in America wont have the choice to share. This crisis has the potential of unraveling known quantities, if the little guys ( the producer) interests are not put forward. Say good bye to America altogether.&quot;


so which is it-  it won&#039;t break the US or it will?  Those  in this country w/ private health care are not &quot;greedy fucks&quot;, they are looking out for themselves and their families-  

when I was going to college, I paid into a Blue Cross/Blue Shield fund offered by the college so I would have health coverage-  wasn&#039;t much really but I was paying rent and tuition as well- but if I chose not to get health insurance- I would have been &quot;one of the uninsured&quot;  often spoken of-   of course- self imposed.</description>
		<content:encoded><![CDATA[<p>Froglip Says:</p>
<p>&#8220;I do not beleive heath care is a make or brake case for the US&#8221;</p>
<p>Froglip Says:</p>
<p>&#8220;You greedy fucks who don’t want to create a national heath care in America wont have the choice to share. This crisis has the potential of unraveling known quantities, if the little guys ( the producer) interests are not put forward. Say good bye to America altogether.&#8221;</p>
<p>so which is it-  it won&#8217;t break the US or it will?  Those  in this country w/ private health care are not &#8220;greedy fucks&#8221;, they are looking out for themselves and their families-  </p>
<p>when I was going to college, I paid into a Blue Cross/Blue Shield fund offered by the college so I would have health coverage-  wasn&#8217;t much really but I was paying rent and tuition as well- but if I chose not to get health insurance- I would have been &#8220;one of the uninsured&#8221;  often spoken of-   of course- self imposed.</p>
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		<title>By: some_guy_in_a_cube</title>
		<link>http://www.ritholtz.com/blog/2009/05/us-vs-europe-who-is-the-welfare-state/comment-page-2/#comment-167109</link>
		<dc:creator>some_guy_in_a_cube</dc:creator>
		<pubDate>Fri, 01 May 2009 22:15:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=25342#comment-167109</guid>
		<description>&quot;It turns out that both regions are welfare states — only in Europe, the natural population (i.e., people) is the recipient, while in the US, the corporate population is the beneficiary.&quot;

BR hits it out of the park!</description>
		<content:encoded><![CDATA[<p>&#8220;It turns out that both regions are welfare states — only in Europe, the natural population (i.e., people) is the recipient, while in the US, the corporate population is the beneficiary.&#8221;</p>
<p>BR hits it out of the park!</p>
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