Saturday, April 10, 2010
Fiscal Fantasies - Paul Krugman Blog - NYTimes.com
Fiscal Fantasies - Paul Krugman Blog - NYTimes.com: "The basic picture of the federal government you should have in mind is that it’s essentially a huge insurance company with an army; Social Security, Medicare, Medicaid — all of which spend the great bulk of their funds on making payments, not on administration — plus defense are the big items."
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