4 ms·
> Why should it scale linearly with GDP? I can see an argument that it should scale linearly with population (maybe), but if GDP per capita increases, you could
by rco8786 2y ago
> Why should it scale linearly with GDP? I can see an argument that it should scale linearly with population (maybe), but if GDP per capita increases, you could also expect better tech/productivity to allow gov spending per capita to decrease.
This isn't the question. The question is about the premise of federal spending being "out of control". By what measure is it out of control?
- sojournerc 2y agoIncreasing deficit
- rco8786 2y agohttps://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/ https://www.americanprogress.org/article/tax-cuts-are-primar... https://www.budget.senate.gov/chairman/newsroom/press/extending-trump-tax-cuts-would-add-46-trillion-to-the-deficit-cbo-finds https://www.budget.senate.gov/chairman/newsroom/press/extend... https://taxpolicycenter.org/briefing-book/how-did-tcja-affect-federal-budget-outlook https://taxpolicycenter.org/briefing-book/how-did-tcja-affec... So the strategy is to cut taxes and revenue and balloon the deficit, then declare that spending is out of control and constitutes emergency measures to fix.