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Elizabeth Warren: We Need Much Higher Government Spending to Keep Up with China

Anonymous15620 Wrote: Aug 02, 2012 12:16 PM
China is the future. They will be taking over as the driving economy in the world before too long. If you want to make lots of money, invest it in China.

I'm flabbergasted:

Here we have a woman who looks at our $16 Trillion national debt and thinks, we simply must spend far more. After all, China (coincidentally our top foreign creditor) spends roughly 9 percent of their GDP on infrastructure, whereas we spend "just" 2.4 percent on similar projects.  We can "do better," she says.  The New York Sun's Ira Stoll spoils the statist party by pointing to a minor arithmetic-related complication:

The first problem is mathematical. U.S. gross domestic...