Quote:
Originally posted by WaffleCakes
That part is not true at all. Many European countries have debts that dwarf the USA's, and their loans have MUCH higher interest rates so they are in DEEP trouble long term.
The USA on the other hand gets the lowest rates in the world. Loans the US takes today actually have lower interest rates than inflation.... meaning that in all actuality they shrink over time instead of growing.
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Yes, there are a lot of european countries with large national debt, but that doesn't correlate to public health care as far as I can say. In fact those european countries with the most extensive health care programs tend to also be the wealthier ones with a somewhat healthy and stable economy and budget.
(Edit: for instance Scandinavian countries, Germany, France, Switzerland, my very own Austria who always goes under the radar but is standing on strong feet economically, and others)
Just pointing it out in case your intention was to hint at a correlation there. (I don't think you were doing that.) Good health care actually works against debt in the long run imo, because it gives the people better and easier access to treatment that will cure them and help them to get back to health and into working condition again quickly.