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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (62993)	3/9/2013 1:02:54 AM
From: RMF	Read Replies (2) \| Respond to of 71588

Peter, there's a LOT of "tricky" stuff in that article. For one thing its says that the U.S. cut its spending "as a share of GDP" by 5% from mid 80's to mid 90's. I don't remember a LOT of "spending cuts" during that period. I DO remember a pretty good rise in GDP. Spending could actually remain "constant" but still drop as a percentage of GDP if you had exceptional GDP growth. It's difficult to correlate one to the other when it comes to spending and GDP. I think what the Germans did in the last decade or so may be a much better example. We ALL know that "Debt is Deadly", whether it involves personal finances or government finances. In Europe we are seeing DRACONIAN spending cuts. They aren't really improving things. They are making spending/debt ratios even worse.