Liz Peek vs. Paul Krugman | Budgeting During A Time Of War

Bombing during the Libya War

Over at a so-called financial writer, Liz Peek, posted an article criticizing Paul Krugman, who criticized Paul Ryan about his budget proposal. Liz Peek, shows her ignorance of the true American financial state of affairs when she writes the following: “government spending, now cruising along above 24 % of GDP – an unprecedented peace-time level “ America is currently we are involved in 3 wars, hardly a peaceful time. Never in the article do I read where she excludes military government spending from  her calculations of government spending.  How…

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