Warning: Use of undefined constant user_level - assumed 'user_level' (this will throw an Error in a future version of PHP) in /home/bj273645/public_html/wp-content/plugins/ultimate_ga_1.6.0.php on line 524

Metrics


Warning: Use of undefined constant user_level - assumed 'user_level' (this will throw an Error in a future version of PHP) in /home/bj273645/public_html/wp-content/plugins/ultimate_ga_1.6.0.php on line 524

Contra Matt, I’ve never really been a huge fan of looking at spending or budget figures through the prism of “as a % of GDP.” For one thing, it’s a two variable metric, which mean a change could come from 2 places. Also, the idea of looking at the deficit as a % of the GDP doesn’t really make sense to me, because the government doesn’t own all GDP. It’s certainly a nice way of putting differences between 2 countries into perspective, but using it just to compare our own year to year shortfall is akin to calculating your debt as a % of the earnings of your zip code.



Warning: Use of undefined constant user_level - assumed 'user_level' (this will throw an Error in a future version of PHP) in /home/bj273645/public_html/wp-content/plugins/ultimate_ga_1.6.0.php on line 524

Warning: Use of undefined constant user_level - assumed 'user_level' (this will throw an Error in a future version of PHP) in /home/bj273645/public_html/wp-content/plugins/ultimate_ga_1.6.0.php on line 524