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A comment on Atlanta Fed predicts -2.8% GDP. Parent comment

Re:Atlanta Fed predicts -2.8% GDP by mikevm on Tuesday March 04, 2025 @02:30AM (#43251457)
The US literally bailed Europe out in two world wars. Does that fit your category of "not being toast"?

When someone else bankrolls your defense by spending almost a trillion dollars a year that leaves quite a lot of the budget for other things, doesn't it?

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Re:Atlanta Fed predicts -2.8% GDP by fcsp on Tuesday March 04, 2025 @04:03AM (#43252205)
Don't want to discuss your statement about "bankrolling" here, I'm not into the topic enough.

However, since this post is about US GDP I'm now curious, what do you think where this money is going and contributing to GDP?

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Re:Atlanta Fed predicts -2.8% GDP by surgical_fire on Tuesday March 04, 2025 @04:31AM (#43252402)
> When someone else bankrolls your defense by spending almost a trillion dollars a year

That is the whole defense budget from the US, not how much it spends in Europe.

And yes, EU should stop relying in the US for defense. That arrangement only benefits the US, to be frank, EU should develop its own defense industry instead of strengthening the defense industry of a foreign nation. Especially now that said foreign nation is essentially enemy territory.

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