Some people blame the liquidity problems on that. I don't think it's so obvious. But a lot of these distortions take place because of this very unusual type of policy that's taken place. Well, The mandatory spending programs, the pensions in Europe, we call them entitlements here, I guess. Dr. Kahn, you said that was 16% of Greece's GDP. I know in the CBO's ultimate fiscal scenario, the average over 30 years is going to be about 14% of Social Security and our health care entitlements. So we're not there yet. (23:49–24:00)
CLAIM
Asserts that mandatory spending programs in Greece account for 16% of GDP.
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