Of Wars, Budget Deficits, Predatory College Loans: from Germany to USA and Saudi Arabia……

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The budget shows a deficit for all those countries listed below. With the exception of Germany, which had a healthy surplus.

Germany also has an extensive public healthcare system and a generous social safety net system. In addition, Germany has tuition-free education at universities and colleges. It does not saddle its younger generation with heavy education loans for the benefit of predatory banking corporations. Many other countries, including Saudi Arabia, also provide free university education. Germany also, unlike the USA and Saudi Arabia, is not engaged in major expensive stupid unwinnable foreign wars.

Spectator Index:
Govt budget balance as share of GDP, 2017.

Germany: +1.2%

Greece: -0.6%
Russia: -1.5%
Turkey: -1.5%
Australia: -1.5%
Canada: -1.6%
Italy: -2.3%
Indonesia: -2.8%
France: -2.9%
UK: -2.9%
India: -3.5%
US: -3.5%
China: -3.7%
Japan: -4.4%
Brazil: -8%
Saudi: -8.9%
Venezuela: -19%

 

Cheers

Mohammed Haider Ghuloum