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View Diary: Paul Ryan & The Big Lie That Is Killing The Middle Class (114 comments)

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  •  Federal Spending is very different today (1+ / 0-)
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    It is dominated by transfer payments (Social Security, Medicare, Medicaid, SNAP, and other income assistance) this is also where the growth in government spending largely falls.  This spending does little to improve the economy for growth and higher productivity as college for veterans and highway construction did.

    Keynesian economists have not done a good job explaining how total government spending (Federal, State and Local) spending has grown from 32% of GDP in 2000 to over 38% today with little economic growth to show for it - GDP growth is only slightly higher than population growth.  Also keep in mind the over $1 T/yr in Federal deficit spending - that is also Keynesian stimulus.

    The most important way to protect the environment is not to have more than one child.

    by nextstep on Sun Jan 27, 2013 at 12:49:32 PM PST

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