Then along comes the data, out of the blue, that sort of bursts that bubble. This is all in the context of Krugman countering a current conservative wave of argument against evidence of the economic success of more socialistic countries in Europe.
Yes, we spend more on defense than the major European countries. But it’s on the order of 1 or 2 percentage points of GDP. That’s not nearly enough to explain why they can afford such big welfare states.
Of course, Krugman's chart may not include all the equipment they buy from us and all the money we loan them to do that. He's as capable of being disingenuous as any human being, but I think he's cute. A little wimpy, but cute. But not as cute as Rahm Emanuel.
UPDATE: One of Krugman's commenters checked it out, and no, he's not being disingenuous, it is all defense expenditures, not just NATO. The countries listed are just NATO members, that's all.
So, bullshit, you conservative idiots. You could at least learn to Google.
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