Quote:
Originally Posted by opendoor
That's really not true at all. In 2023, federal expenditures were 20.6% of GDP. That's lower than at any point from 1970 to 1998 (except for 1973) or 2008 to 2022 (with 2013 being the lone exception). So there was really only a 10-year period in the last half century where federal expenditures were lower than they are now relative to the size of the economy.
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You conveniently cut out a part of my post that I intentionally posted because it will be an issue going into the future.
2% of GDP on defense spending is going to add approx $20 billion per year in spending, including lots of long-term spending which as we see with the F-35s is extremely costly.
Start adding that into things like increasing health care costs not just now, but going into the the future were more obesity, diabetes, cardiovascular issues are going to create an even bigger strain on the system, plus now pharmacare as well and its clearly not a sustainable path.
Plus, our economic growth is very sluggish right now, and with continued immigration issues, housing etc, social services issues, not sure how anyone looks at our country and thinks things are okay compared to previous years.