Quote:
Originally posted by Colin@Jun 9 2003, 07:25 AM
US government expenditures have been in a very narrow range around 20% of GDP my entire life. Regardless of whether it is Republicans or Democrats occupying the White House and regardless of whether that occupier is "big government" or "small government" the bottom line doesn't seem to change much.
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Colin, IMHO, what you have described is that both parties (or the combination) spend the same and are consistent in their spending.
The question is whether that 20% of GDP is excessive or not?
What is we could run on 10% of GDP? Would the other 10% in liquidity make a difference?