@15. wretchard

“Yet this is precisely what is taking place in Western countries. Fifty three percent of Britain’s GDP consists of government spending, up from 40 percent ten years before.”

Yes Wretchard, but please don’t exclude members of the MIC from your calculations. Like the accountants you disparage the MIC never has to account for the true benefits and costs of their line items, all they do is increase their petty little empires while making sure that the budget always gets spent. Just like the accountants.

But Austrian economists laugh at you Keynsians the same way you Keynsians laugh at those Marxists. This entire Keynsian bubble began BEFORE the revolution in Russia with the founding of the Fed in 1913. A century of currency debasement and debt growth has reached its logical conclusion, yet BC members here think that choosing one Keynsian, say Romney, over another, say Obama, will somehow right the ship. As if Nasa trips to Mars, 2018 Winter olympics, or any other Republican style keynsian stimulus is going to magically bring the massive debt acquired over the last century under control. Well the Austrians have been yelling this from the rooftops for decades yet when the only Austrian style presidential candidate articulates this message BC members cover their ears, call him a kook and scream “we need another war with Iran” just as Krugman wants them to. Well you guys are just as ignorant as the stupidest marxist. So please read my lips:

America is broke and needs to get the troops home before the dollar collapses. The military is way over extended and should no longer be used as a tool to support the dollar as reserve currency for the benefit of the global banking elite. The military should be used for defense only as is defined in the constitution.