Trump topic: Americans don't want to fund European vacations, nice benefits and in some cases short work week hours

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    Aug 10, 2016 1:14 AM GMT
    All the dots haven't yet been connected but they will and Europeans will have reason to worry about a Trump presidency. Bottom line - US over pays for NATO and many European countries do not. Trump did not express it in a good way but the facts are there. So Europeans - be afraid. A possible election issue and some hard negotiations if Trump wins. BTW - status quo over many administrations both Republican and Democratic but the USSR no longer exists so maybe less of a threat.

    Of the 28 countries in the alliance, only five -- the US, Greece, Poland, Estonia and the UK -- meet the target. Many European members -- including big economies like France and Germany -- lag behind. Germany spent 1.19% of its GDP on defense last year and France forked out 1.78%.

    New spending data released this month show the US shells out far more money on defense than any other nation on the planet. According to NATO statistics, the US spent an estimated $650 billion on defense last year. That's more than double the amount all the other 27 NATO countries spent between them, even though their combined GDP tops that of the US.

    it's clear that most NATO member countries are not spending what the alliance's official guidelines require. Trump's statement is true.

    The United States is the only developed country in the world without a single legally required paid vacation day or holiday. By law, every country in the European Union has at least four work weeks of paid vacation.

    To make matters worse, "workers who have vacation and paid holidays also tend to have much higher levels of other benefits such as health insurance and retirement plans," said John Schmitt, senior economist at Centre for Economic Policy Research (CEPR).

    The average U.S. workweek is 34.4 hours

    German workers came in last (or first, depending on your perspective) with an average workweek of just 26.37 hours. Sweden, where some businesses have shifted to a six-hour workday, ranked no. 29 on the OECD list with an average 30.94 hour workweek.
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    Aug 11, 2016 1:57 AM GMT
    A few years old but gives same picture. Some European governments who provide such nice benefits don't pay their fair share to NATO. US taxpayers make up for their largesse. Under Trump this will stop.