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Unless the government was to engage in 'deficit spending' -- e.g. spending money it doesn't have by seeking loans from foreign countries. Oh course, that would
by redrobot5050 18y ago
Unless the government was to engage in 'deficit spending' -- e.g. spending money it doesn't have by seeking loans from foreign countries.
Oh course, that would never happen. :)
- Retric 18y agoOur deficit is significant but our 13.84 Trillion GDP means deficit spending of 1/2 Trillion a year is less than 5%. His graph placed taxes around 12% of GDP which is just so far from the truth that it's almost meaningless.