Asia Times Online, 4 Apr 2009, The Mogambo Guru
It all seems so weirdly surreal that US federal deficit-spending exceeds 14% of gross domestic product (GDP), which doesn't even include the 7% of GDP that is the "balanced part" of the federal government's budget!
So the question is, "Is all that spending additive?" I mean, do you add 14% plus 7%? If so, then isn't government spending 21% of GDP enough to kill the economy a dozen times over, which is what happens every other time in all of history when some brain-dead government of some idiotic country full of childishly-trusting morons allows their corrupt government to spend more than it takes in by creating as much fiat currency as it wants?
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