But when you look at the historical data around government spending, some interesting trends emerge. First, take a look at Defense spending through the years. Note that I picked 1950 as the cutoff. I picked it because it's a round number and because the immense amount of spending on WWII skewed the chart's y-axis, making it a bit more difficult to read. Suffice to say that at the peak of WWII, defense spending accounted for over 40% of GDP.
The trend over the last 60 years is clearly a downward one. Even with the "massive" buildup in the 1980's, we're talking about 7% at the peak of the Reagan era. Fiscal Year 2010 projects around 5.8%.
Now look at the trends in Healthcare:
These trends are not sustainable. They just aren't.
(Crossposted at Say Anything)