Chris Hedges: Karl Marx Was Right - Chris Hedges - Truthdig

[Mark Kohut]

Still Wha?

wikipedia:
As a share of federal budget, mandatory spending has increased over
time.[10] Mandatory spending accounted for 53% of total federal
outlays in FY2008, with net interest payments accounting for an
additional 8.5%.[11] In 2011, mandatory spending had increased to 56%
of federal outlays.[10]

>From 1991 to 2011, mandatory spending grew from 10.1 percent to 13.6
percent of GDP, according to figures from the Congressional Budget
Office.[12] This spending is expected to continue to increase as a
share of GDP.

On Tue, Jun 2, 2015 at 11:20 AM, Jerome Park <jeromepark3141 at gmail.com> wrote:
> Yeah, now I see what he did wrong here. Govt exp. was, at the height of the
> great recession, equal to 40% of gdp, not, NOT, accounts for 40%. Moreover,
> maybe that's a good thing.
>
> On Tue, Jun 2, 2015 at 11:17 AM, Jerome Park <jeromepark3141 at gmail.com>
> wrote:
>>
>> "Government expenditure accounts for 41 percent of GDP."
>>
>> Wha?
>>
>> On Tue, Jun 2, 2015 at 11:16 AM, Jerome Park <jeromepark3141 at gmail.com>
>> wrote:
>>>
>>> A good summation by CH. One figure doesn't make sense, though....govt.
>>> accounts for 40% of gdp. Where did CH get this number? What is he talking
>>> about?
>>>
>>> On Mon, Jun 1, 2015 at 11:44 AM, Keith Davis <kbob42 at gmail.com> wrote:
>>>>
>>>>
>>>> Interesting article.
>>>>
>>>>
>>>>
>>>>
>>>> http://m.truthdig.com/report/page2/karl_marx_was_right_20150531
>>>>
>>>>
>>>>
>>>> Www.innergroovemusic.com
>>>>
>>>>
>>>>
>>>> --
>>>> www.innergroovemusic.com
>>>>
>>>
>>
>
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