Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
As far as I can see, the only way to do this is to add up all social benefit costs to the wage and pension bill. This would include stuff like hospital equipment and new schools, along with disability pensions, unemployment benefits etc. If one includes government funding for the Social Security Funds (which theoretically, one shouldn't conflate with the pensions - these are management costs, past debts and constitutional guarantees mostly), one can reach 40% of non-interest public expenditure. I would be really interested in seeing some plausible explanation for the 70% number.

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Tue May 25th, 2010 at 09:45:04 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series