Perkeleenmaa
08-02-2006, 03:51
Since the expenditure as a percentage of Gross Domestic Product has risen in several countries to as high as 50%, and the GDP itself has risen exponentially, doesn't this mean that right now, the government is biggest ever, and is bigger next year, whatever the country?
Increasing taxes now would mean only pouring more money into the government. Who will slash government expenditures now?
Demented Hamsters
08-02-2006, 04:32
Here's a couple of very good articles:
George Bush's big-government conservatism Can't last
http://www.economist.com/world/na/displayStory.cfm?story_id=2335473
Big-Government Conservatism
http://www.weeklystandard.com/Content/Public/Articles/000/000/003/017wgfhc.asp
President Bush's big surprise?
President Bush is touting his 2006 federal budget as the most responsible and tightest economic proposal that his administration has ever offered. Overall spending is projected to rise but 3.6 percent, but that is after an epic 33 percent increase over the past four years, which does not include the billions necessary for the war in Iraq.
http://www.augustafreepress.com/stories/storyReader$31754?print-friendly=true
And an interesting graph:
http://www.economist.com/images/20040110/CUS237.gif
So much for fiscal repsonsibility.
Helioterra
08-02-2006, 20:04
We are building a house and need a huge loan (obviously). I met one of the possible loaners (bank manager) today and he had some rather interesting thoughts about US economy (have to keep everything in mind when making decicions about interests). No good news for next 3 years, possible improvement after 2008. Situation isn't any brighter in Europe. So many countries are still in denial about the changes they must make. It's quite possible that there will be no rapid growth periods in western world anymore though quite many are counting on it.
We are going down.
Something that couls interest Perkeleenmaa
www.prodemokratia.net/tutkimukset/