In 1938, government
spending was 15% of GDP, after the New Deal of Franklin Roosevelt
spent and spent, trying to get us out of a deep depression.
It’s now over 36% and fast growing.
We are already like Europe with its unsustainable debt, but going full steam ahead with more and more budget deficits, to gather political votes. Our debt to GDP ratio is over 103% and growing. Worse than some tottering European countries. (See the Earl J. Weinreb NewsHole® comments.)
We are already like Europe with its unsustainable debt, but going full steam ahead with more and more budget deficits, to gather political votes. Our debt to GDP ratio is over 103% and growing. Worse than some tottering European countries. (See the Earl J. Weinreb NewsHole® comments.)
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