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The GDP of the US last year was less than 21 trillion, and we're talking about fraud that's allegedly 400 billion. Ergo, we're talking about ~2% of GDP. That's
by nickysielicki 5y ago
The GDP of the US last year was less than 21 trillion, and we're talking about fraud that's allegedly 400 billion. Ergo, we're talking about ~2% of GDP. That's not "chasing pennies."
- s1artibartfast 5y agoTo put that in different context, 400 Billion is about 4x as much as the federal government spends on education. It is about 15x what we spend on energy infrastructure. 400 billion is a 2% of GDP but >10% of the federal budget. https://en.wikipedia.org/wiki/United_States_federal_budget#/media/File:Federal_Revenue_and_Spending.png https://en.wikipedia.org/wiki/United_States_federal_budget#/...
- switch007 5y ago400bn is so patently false.