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> this benefit is only 0.5% of their GDP (10 billion aid / 205 billion GDP) This is 5%, not 0.5%. On top of that, your numbers aren't correct: they receive aro
by wutbrodo 7y ago
> this benefit is only 0.5% of their GDP (10 billion aid / 205 billion GDP)
This is 5%, not 0.5%. On top of that, your numbers aren't correct: they receive around $20bn net, and their GDP is around $250bn, which means that which means that direct net federal spending is about 8% of their GDP (and gross federal spending is a whopping 20%). These are pretty huge numbers, and they affect the entire state economy, directly affecting the profits of the business owners that you claim wouldn't care.
- bendbro 7y agoDoh, what a stupid error. 8% seems significantly more meaningful, but I would still be curious exactly how that positive 20b is spent.