Comments on: Blimey http://timworstall.com/2009/02/27/blimey/ It is all obvious or trivial except... Fri, 25 May 2012 01:39:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gareth http://timworstall.com/2009/02/27/blimey/comment-page-1/#comment-27748 Gareth Fri, 27 Feb 2009 16:43:22 +0000 http://timworstall.com/?p=6461#comment-27748 We've been <i>enjoying</i> the solution to a Great Depression for the last decade. We’ve been enjoying the solution to a Great Depression for the last decade.

]]> By: Matthew http://timworstall.com/2009/02/27/blimey/comment-page-1/#comment-27740 Matthew Fri, 27 Feb 2009 15:33:34 +0000 http://timworstall.com/?p=6461#comment-27740 Is that inflation-adjusted? The other thing about the US Federal Deficit, which has always been true but is now very obvious, is that because US Fed spending is a much smaller % of GDP than in most of Europe, the deficit is always a much larger proportion of overall income. I think this year revenue is not much more than 50% of expenditure. Is that inflation-adjusted?

The other thing about the US Federal Deficit, which has always been true but is now very obvious, is that because US Fed spending is a much smaller % of GDP than in most of Europe, the deficit is always a much larger proportion of overall income. I think this year revenue is not much more than 50% of expenditure.

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