Decision 2000: point-four percentage points.

Doug Henwood dhenwood at panix.com
Tue Oct 24 09:25:01 PDT 2000


Max Sawicky wrote:


>Analysis of Bush and Gore budgets finds that by
>FY2010, Federal spending as share of GDP is
>17.0 and 17.4 percent, respectively. Presently
>it's 18.2. Note that part of the difference is
>that Gore proposes twice as much military spending
>growth as Bush ($100b v. $50b).
>
>http://www.cbpp.org/10-20-00bud.htm

Both of which would be higher than the CBO's baseline projection of 15.6%, which is a pretty amazing number.

Gore's promised to cut spending in a recession, right? So, from a purely demand stimulating vulgar Keynesian point of view, there's something to be said for Bush's tax cut.

Doug



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