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How can we call this a growing economy?
The GDP is around 15 trillion and growing at approx 1% or .15 trillion per year. Yet the government is spending 1.5 trillion more than it takes in, which is a debt driven growth rate of 10%. Doesn't that really mean the economy is losing ground at 9% per year and is just being artificially pumped up with fiat money? Isn't this a downward spiral?
4 Answers
- Phoenix QuillLv 78 years agoFavorite Answer
An Engineer cannot call it growing.
Actors, Journalists & Politicians can call it anything they like.
The goal was to re-elect a marxist moron.
It has worked.
- 8 years ago
the culmination of manifest destiny and divine plan WILL torment, bully, persecute and afflict me on an unprecedented scale. it already did. the current 15 trillion GDP is already mostly artificial anyway. one of the few products thats real is the services of my real queen. everything they make is artificial. they deployed a "strange" "queen" whose path follows straight to sheoul
Source(s): Satan - AleconomixtLv 78 years ago
It is - but not for the reasons you presume. Gov. spending has nothing to do with economy as long as they do not raise taxes. Economy's failure is on its own account and that is incompetence of business.
