Thursday, December 08, 2005

I suppose one could argue that an increase in federal nondefense discretionary spending by a few tenths of a percent of GDP is "modest," but I just can't bring myself to apply that word to hundreds of billions of dollars. Anyhow, looking at the graph linked to above, the most depressing thing is the almost monotonic rise of Medicare & Medicaid since 1970.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home