posted on Oct, 10 2013 @ 02:44 PM
reply to post by Cobaltic1978
I know that Belgium is actually one of the "domino effect" countries that came up for discussion in my university several years ago as a country in
trouble (list was Greece, Belgium, Ireland, Italy, and Spain). From what I understand what occurred in Belgium is similar to what occurred in Greece
and as to what occurred in the US. In fact, I'd hazard that the housing crisis/scam was quite global. Just like the US, Belgium was entering into a
property bubble/bank shenanigans that basically popped. In Belgium, two of its largest banks were bailed out. I believe one fell regardless and now
the country is spiraling into debt. It's an interesting pattern of similarity and it doesn't seem to be working out all that well.
Just like every other country that's seemingly on a path to financial disintegration/debt crisis, they also engaged in so-called "austerity" cuts.
Those cuts would undoubtedly effect public sector employees including both police and firemen. Whether those cuts would have been equal for both
public sector professions, I do not know but considering that protests have a higher number of police needed than fireman (though fires do get
started), I imagine that one got more of a cut than the other. Theoretically.
I'm not a fan of austerity cuts especially where they are trimming that fat. Cutting expenditures into social services has a very, very negative
effect on the general public in a variety of ways. I look at it this way. If people's pocket books are very pinched, then further diminishing their
ability to spend through "austerity" cuts simply increases the pinch on their pocketbooks. Decreased spending means small business closure (small
businesses are actually one of the biggest employers), lay offs and more, which means...more decreases to spending and less overall revenues for the
Really if politicians want to cut back on the fat, there are better areas that would not impact their population's ability to spend. There always
is. Why it has to be borne out on the backs of the little people, I do not know.