Friday, August 05, 2011

The Truth About Federal Spending

Once again Krugman points out how the high spending per GDP statistic is misused to criticize Obama.  Obama has not expanded spending.  It's the GDP that has dropped resulting in the scary statistic.  We should be asking why the GDP has dropped.  Those reasons include Ponzi games played by our big bankers and the concentration of wealth in the hands of those who can afford not to spend it.

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