[PEN-L:4652] RE: Re: RE: Re: On Military Keynesianism

[sawicky@xxxxxxxxxx (Max Sawicky)]

> >  By 2003, MK will be in full swing with military expenditure again  at
> > 25% of GDP. >>
> >
> > This would make military spending larger than the entire current
> > Federal budget.  It is as crazy as anything said on PEN-L this
> > past week.  Which says a lot.
> >
>
> I meant to say 25% of the Federal Budget.

Oh.  Well, if the Fed budget stays as high as 20 percent of GDP, then the
military budget would still be quite a bit smaller than it was in 1986, and
still a shadow of itself in 1960, relative to GDP.

Which gives you an idea of how far we have to go to get back to military
keynesianism.

mbs