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comment by thundara
thundara  ·  4673 days ago  ·  link  ·    ·  parent  ·  post: Libertarians: Only now, at the end, do you understand...
Yeah, it's hard to endorse either of the two parties' financial policies. Though my economics teacher in high school did point out that economists support the idea of overspending in times of recession, coupled with higher taxes during booms. Under that frame of logic Bush's policy would be completely detrimental to the country in the long term.

I do like the quote a friend of mine pointed out with regards to the current size of public services:

    ...we, the largest, most prosperous nation in human history, have built a government so expensive and so massive, that not even the richest country in the history of the world can afford it...

http://www.rubio.senate.gov/public/index.cfm/press-releases?...





NotPhil  ·  4673 days ago  ·  link  ·  
    ... we ... have built a government so expensive and so massive ...

I'm afraid I couldn't make it all the way through that press release, so I can't tell what the senator is comparing the U.S. government to when he claims it's unusually expensive and massive.

According to the CIA World Factbook, our federal expenditures per capita is 40th among countries, and our federal spending per $GDP ranks 153rd.

http://www.nationmaster.com/graph/eco_bud_exp_pergdp-economy...

b_b  ·  4672 days ago  ·  link  ·  
When has a Tap partier like Rubio ever let the the facts get in the way of a good sound bite?
thundara  ·  4673 days ago  ·  link  ·  
If you do a mapping between the % federal spending and % debt, you'll notice that a lot of the countries that are higher up on that list also aren't in the best economic shape right now. Though just discussing the statistics is troublesome because a lot haven't been updated in the past decade.

But I suppose we're straying away from the spirit of the original article, and I'm not really a trained economist, so my ability to make useful sense of that information is fairly limited. :)