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

Kirk72 Wrote: Aug 02, 2012 2:20 AM
With age comes wisdom. But in this womens case, shes just old.

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...