Comment 26623

By Maths (anonymous) | Posted September 17, 2008 at 13:38:44

^Some basic maths please. If the GDP grows "at enormous rates", OF COURSE nonmilitary spending as a percentage of that enormously growing GDP is going to shrink, even if it remains the same in absolute terms. Just like they never actually paid down the national debt during the time (1945-1973) when the ratio of debt-to-GDP fell from over 100% to about 15%. The debt stayed the same and the GDP grew.

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