Unless the government was to engage in 'deficit spending' -- e.g. spending money... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		redrobot5050 on Jan 27, 2009 \| parent \| context \| favorite \| on: Senator To Microsoft: What Was That You Said About... Unless the government was to engage in 'deficit spending' -- e.g. spending money it doesn't have by seeking loans from foreign countries. Oh course, that would never happen. :)

Retric on Jan 27, 2009 [–]

Our deficit is significant but our 13.84 Trillion GDP means deficit spending of 1/2 Trillion a year is less than 5%. His graph placed taxes around 12% of GDP which is just so far from the truth that it's almost meaningless.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact