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9 Comments
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peter12says...Last graph (adjusted for inflation per capita) should be put in a separate diagram because of high risk of misinterpretation (750-->7000 instead of 2000-->7000)
He forgot one thing, people today are more productive then they were 60 year ago (Productivity growth 1947-2012)
To bypass this problem spending should compared with GDP ( market value of all final goods and services produced within a country in a given period of time): Total Government expenditures by major category of expenditure as percantages of GDP: 1938-2009. It is stable since 1968, nearly 30% of the GDP.
coolhundsays...Doesnt a spending problem equal corruption?
kir_mokummaybe he should look at where the spending is going.
TrancecoachWhen looking at how much things "cost," think about "whom does it cost?" Who pays for it? Money gets 'printed' by the Federal Reserve more or less willy-nilly to pay for much of it. Who pays for that? And if it didn't 'cost' so much, would the 'printing' stop? Would the taxation stop? Or would it just mean the money will be redistributed to a different set of cronies in other industries?
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