Experts point out how GDP has lots of problems as a measure, that there are big pools of money in the budget that are restricted (entitlements and the like) so that the unrestricted budget or discretionary spending (including defense) is rather smaller, that tax expenditures ("loopholes" and specific exclusions) are large, $1+trillions (about twice as large as non-defense discretionary spending).
Friday, December 5, 2014
Iraqistan Dollar Numbers
Experts point out how GDP has lots of problems as a measure, that there are big pools of money in the budget that are restricted (entitlements and the like) so that the unrestricted budget or discretionary spending (including defense) is rather smaller, that tax expenditures ("loopholes" and specific exclusions) are large, $1+trillions (about twice as large as non-defense discretionary spending).
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