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> The US can certainly spend a couple of single digits worth of GDP on renewables without everything falling apart. Yup, not everything would "fall apart". Yu
by graycat 7y ago
> The US can certainly spend a couple of single digits worth of GDP on renewables without everything falling apart.
Yup, not everything would "fall apart". Yup.
But 50 projects each taking just 2% of GDP would take 100% of GDP! 2% of GDP is a lot, e.g., what the NATO countries are supposed to have been spending on defense but long didn't.
Let's see: IIRC Trump is spending about $807 billion a year on defense, and just now from Google the US GDP per year is about $19.39 T. Sooooo,
100 * 807 / 19,390 = 4.162
says that we are spending just over 4% of GDP on defense. So, a "couple of single digits", i.e., if I read you correctly, would be 2% of GDP and about half of defense -- definitely not small potatoes.
I have a friend with a lot of money in a family with a lot of money. Whenever anyone asks him to spend some of his money, his first question is "Why should I?". Without a good answer, he doesn't.