Funny Economist - Randall Parker's Completely Serious Macroeconomics Blog: This is the absolute truth. I have been saying this for years. Just look at the picture.

Wednesday, April 13, 2011

This is the absolute truth. I have been saying this for years. Just look at the picture.

http://online.wsj.com/article/SB10001424052748704608104575217870728420184.html?mod=djemEditorialPage_t

5 comments:

ArmChairEconomist said...: A wise man once told me to set government spending equal to 20% of GDP and the problem is fixed.......; April 14, 2011 at 9:04 AM
Hauser's Flaw said...: That graph says "Federal tax receipts will always fall short of 20% of GDP". Didn't FY 2000 see 20.6%?????; April 14, 2011 at 1:01 PM
Randall Parker said...: Looks pretty close to me.; April 14, 2011 at 2:59 PM
Hauser's Flaw said...: Saying we need to cut spending to a rate that is equal to (or below) revenues is elementary. What is to be cut is the actual problem.; April 15, 2011 at 10:13 AM
Randall Parker said...: That's simple. There are three things that need to be cut and they are entitlements, entitlements and entitlements. They are the largest share of the budget by far and they are the fastest growing by far. So imagine the biggest baddest dude on the block is coming after you. Oh, and he can also run the 40 yard dash in 4.10. As Yosemite Sam said "say your prayers varmint."; April 15, 2011 at 3:29 PM

Subscribe to: Post Comments (Atom)