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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (179456)7/12/2002 2:07:46 PM
From: Win-Lose-Draw  Read Replies (1) of 436258
 
Haim, that is 1.5% of GDP only if you follow the pro forma budget that ignores things like Social Security and any number of unfunded (ie reserveless) liabilities. Looking only at SS you'd have to add another 50% or so which puts the US in the same ballpark as the leading EZ nations.

It is entirely possible that EZ is also cooking the books and their numbers also need inflating, if anybody has information on this I would love to hear it.
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