> > 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
