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Government Defense Profligacy

Government Defense Profligacy
Mises Wire Jeffrey A. Tucker
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From the official GDP press release: “Real federal government consumption expenditures and gross investment increased 10.1 percent in the first quarter, compared with an increase of 0.7 percent in the fourth. National defense increased 15.1 percent, compared with an increase of 3.0 percent. Nondefense increased 0.7 percent, in contrast to a decrease of 3.7 percent. Real state and local government consumption expenditures and gross investment decreased 2.6 percent, compared with a decrease of 0.5 percent.”

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