Big government's harmful effect on GDP growth

[Ricter]

<img src="http://graphics8.nytimes.com/images/2012/05/03/opinion/050312krugman3/050312krugman3-blog480.jpg">

 

[jem]

are you supporting my point from previous threads?


the outlier being israel which gets to spend a lot of U.S. dollars.

Otherwise I see a bunch of high gdp spending a lot of no growth or contraction. The strong looking economies seem to cluster around lower govt spending to gdp ratio. Just like I argued for, in previous threads with you.

I also see a country like sweeden doing ok, which some commentators are saying is shrinking its govt to gdp ratio.

 

[Ricter]

Quote from jem:

are you supporting my point from previous threads?


the outlier being israel which gets to spend a lot of U.S. dollars.

Otherwise I see a bunch of high gdp spending a lot of no growth or contraction. The strong looking economies seem to cluster around lower govt spending to gdp ratio. Just like I argued for, in previous threads with you.

I also see a country like sweeden doing ok, which some commentators are saying is shrinking its govt to gdp ratio.

You see strong correlation in that plot?

 

[rew]

There is a slight downtrend once you drop out the U.S. taxpayer supported outlier, Israel. What nearly all the countries on that plot have in common is more debt than they'll ever pay back.

 

[Lucrum]

Quote from rew:

...What nearly all the countries on that plot have in common is more debt than they'll ever pay back.

Exactly.

 

[Ricter]

Quote from rew:

There is a slight downtrend once you drop out the U.S. taxpayer supported outlier, Israel. What nearly all the countries on that plot have in common is more debt than they'll ever pay back.

Yep. I owe you a shitload, and you owe a guy a shitload, and that guy owes me a shitload.

 

[Lucrum]

Quote from Ricter:

Yep. I owe you a shitload, and you owe a guy a shitload, and that guy owes me a shitload.

An "argument" you've tried using many times before. Only it doesn't work.

 

[rew]

Quote from Ricter:

Yep. I owe you a shitload, and you owe a guy a shitload, and that guy owes me a shitload.

I only owe a shitload because of the damn politicians putting me on the hook so they can buy votes. My personal debt in all forms is zero.