Monday, March 26, 2012

1 comment:

  1. TGIA, you are way to smart to fall for this. :)

    The reason for the budget deficit is because the US spends 18% of GDP on healthcare, a  ratio that is rapidly growing. By contrast Taiwan spends 7%. England spends about 7% too.

    Another cause of the US deficit is the large number of tax credit and deduction expenditiures in the tax code. The US should move towards a simpler flatter tax code.

    By contrast the DoD budget is dropping to 2.5% of GDP under the "hawkish" budget. The Republicans want to slash defense by more. Defense spending isn't nearly as large as health care spending.