richardhutnik said:
It isn't the raw size of the amount of money spent that is the issue. The federal budget can grow much larger in raw dollars, but be a smaller percentage of the economy. The big issue has to do with the size of the deficit, and the interest payments as a percentage of the economy. As the economy grows, the federal government would expect to have more money. Economies naturally grow, if things go right, and tax revenues go up, and it is best they get spent on something to make the country raising the taxes better. |
A problem with this is that we have no idea what any of the figures actually are. GDP, inflation, spending numbers are all so bastardized and fuzzy through accounting tricks, the actual picture out there could be miles worse than what we're being led to believe.







