Quote:
Originally posted by wig@Jun 9 2003, 07:32 AM
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?
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Well, you know I would like it to be less. :-) From a philosophical standpoint.
Excessive in philosophy or excessive practically (increased government debt, etc)?