Quote:
Originally Posted by spence
You could say the pie on the right is 40% larger or has gotten 40% larger but they're not the same equation. Personally I think there's far less value in comparing the relative size of the budgets than in understanding the amount of change which is why I picked the one I did.
Even this though holds little meaning unless it's in context with the budgetary trends. It's no accident that the author picked a moment in time right before the bubble burst and yet just before TARP and Stimulus spending kicked in. Given that it's the pie on the left which is perhaps the anomaly.
We've beaten this dead horse before.
Besides, who ever said I was in finance?
-spence
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"You could say the pie on the right is 40% larger or has gotten 40% larger "
Thanks.
"but they're not the same equation"
What does that mean?
"Given that it's the pie on the left which is perhaps the anomaly."
Until this fascist Bolshevik leaves the White House, I agree that the pie on the right is the new norm.
"who ever said I was in finance?"
I got that impression from someone, was I wrong?
Spence, if spending has increased 40% since 2007 (and whether you like it or not, it has), but revenues have increased nearly that much...do you see that as a problem, or are the conservatives crying wolf about a silly little thing like a $16 trillion debt and a $100 trillion shortfall for SS and Medicare?