Yeah, he's nuts for many reasons. Discussing debt without remarking on the scale of the scale is pointless. A person with $200,000 in debt making $1 million a year is different than a person with $200,000 in debt making $50,000 per year.
The Cold War Soviet Union spent anywhere between 25% and 70% of their GDP on military depending on what figures you believe are correct for the Soviet era GDP. The US military spending was 3.7% of the GDP last year which ranks as the 10th lowest since 1940.
|