European Countries (including Greece, Portugal, Ireland and Spain) Have
Committed A Rising Share of GDP to ‘Social Benefits’ Over Past Decade
Social Benefits Paid by Government as % of GDP, 1999 vs. 2009
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Denmark Hungary
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Source: Eurostat. ‘Social Benefits’ include both social insurance (comparable to Social Security and Medicare) and social
assistance benefits (comparable to Medicaid) provided by government units as well as all social insurance benefits provided
KP under private funded and unfunded social insurance schemes, whether in cash or in kind. (@)E) www.kpcb.com USA Inc. | Consequences of Inaction 427
Austerity Measures to Take Away Entitlement Benefits Could Spark a Vicious Cycle
ower nment Tax
P www.kpcb.com USA Inc. | Consequences of Inaction 428
HOUSE_OVERSIGHT_021055