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by mondrian 260 days ago
Comparing it to GDP doesn’t seem to make sense. Maybe to government revenue.
2 comments
AnimalMuppet 260 days ago
No, the claim was that it has outgrown the private sector. GDP is in fact a good proxy for that claim.

Outgrowing government revenue is a different claim.

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neffy 259 days ago
No, it does make sense. Most of the purported growth in government spending is just using raw figures, and not correcting for either inflation or monetary expansion. It is a convenient mistake.
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