Monday, December 3, 2018

Public social spending as a share of GDP.

H/t: "The Curious Case Of Western Europe Vs. Eastern Europe." By Chris, ZeroHedge, 12/2/18.

2 comments:

  1. As people in power realized they could buy votes from the public treasury - and shared that insight.

    ReplyDelete
  2. FDR made good use of WPA money and sprinkled it around borderline states. Then he took it away.

    I wish I could remember the name of an Oklahoma U.S. senator IIRC. He took a principled stand against wasteful spending at the start of the New Deal and was voted out the next election. Lesson learned for all the others.

    I hope I didn't butcher the facts too much on that one.

    ReplyDelete

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