Adiaphora - a prologue to things indifferent.: Scary

2010-07-30

Scary

3 comments:

Aric Clark said...: So Obama is most like Reagan, and Clinton was the most fiscally responsible of them all. Interesting.; Fri Jul 30, 04:47:00 PM EDT
Chris Larimer said...: No. Reagan had a huge military budget because he was forced to modernize the military (which had suffered under the previous administration). Clinton's spending was reigned in by a GOP controlled congress. Also, because the economy was so big at that time, less government spending was needed (and since it was a great economy, a lesser percentage of GDP was still a lot of cash). We were also at peace.; Fri Jul 30, 04:58:00 PM EDT
Aric Clark said...: Ah. So you can't interpret the chart without a whole lot of external context. Such as the fact that Obama inherited 2 disastrous money-pit wars and the worst economic recession since the Depression which would make even a large percentage of the GDP a comparably small number.

I'd say its pretty meaningless overall.; Fri Jul 30, 05:01:00 PM EDT

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