Sunday, July 20, 2008

Debt of a Nation

With 250,000 homes lying empty in the country why has it come as such an apparent shock to many (including the government, it seems) that we no longer need to continue building 90,000 substandard "homes" and rabbit hutches, sorry, I mean "appartments" each year. Now, I'm no economics expert but surely this is a basic case of supply and demand?

There's a recession on the way, yeah? Great, people might remove their heads from their arses just long enough to see things as they really are:


rank ------country-----------------total --------------------------------------per head of population
- Flag of World World 54,310,000 2004 est. 8,141
1 Flag of the United States United States 12,877,889 31-Dec-07 42,343
2 Flag of the United Kingdom United Kingdom
Q4 2007 189,855
3 Flag of Germany Germany 4,489,000 30-Jun-07 54,604
4 Flag of France France 4,396,000 30-Jun-07 68,183
5 Flag of Italy Italy 2,345,000 30-Jun-07 39,446
6 Flag of the Netherlands Netherlands 2,277,000 30-Jun-07 138,619
7 Flag of Spain Spain 2,047,000 30 June 2007 est. 45,287
8 Flag of Ireland Ireland 1,841,000 30-Jun-07 424,291
9 Flag of Japan Japan 1,492,000 30-Jun-07 11,682
10 Flag of Switzerland Switzerland 1,340,000 30-Jun-07 176,019

Ireland owes more money than Japan who have a population of 125 million, compared to Ireland's 4.2 million. Party on.

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