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While the EU welfare is not that much larger than the US (maybe 5% more of GDP), the US also has much more money, a larger portion of the population working, an
by celeritascelery 8mo ago
While the EU welfare is not that much larger than the US (maybe 5% more of GDP), the US also has much more money, a larger portion of the population working, and higher population growth. They also have the technical and business knowledge in tech that the EU lacks (e.g. silicon, rocketry, hyperscalers, etc).
- jonkoops 8mo agoIt also has an ever-increasing amount of debt and an aging population, e.g. the US is expected to spend more than $1 trillion a year on the interest on the debt itself, or $7,800 per household per year.
- sajithdilshan 8mo agofrom where did you get that number? What is the source?
- ragazzina 8mo agohttps://fred.stlouisfed.org/graph/?g=ViPH https://fred.stlouisfed.org/graph/?g=ViPH https://en.wikipedia.org/wiki/National_debt_of_the_United_States#Interest_and_debt_service_costs https://en.wikipedia.org/wiki/National_debt_of_the_United_St...