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Author: PeterRabit Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1963488  
Subject: Re: Sequestration again Date: 12/12/2012 11:23 PM
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PH42 Does anyone on this board disagree that spending should go back to 20% of GDP to help insure this country's future.

PR I think 20% is the NORMAL figure. It will probably be higher during a recession (and aftermath). It may have to be higher than that until the boomers die off.

NTL Here is an example of ignoring reality. We have averaged only 18.3% of GDP in federal tax revenue over the last 75 years. And, we have hit 20% twice in that period. And Peter claims 20% is normal. Typical lib!

Nem, if you read that first sentence again, I'm sure you will notice that we were discussing SPENDING.

Back in the P-box for you.

Peter
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