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with a gdp of 2.2 trillions on good times could anybody answer why current goverment budgets go over 1 trill?

Is 1 trillion budget with a recession level GDP # sustainable?

Is government budget equal to GDP in today's world?

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  • 8 years ago

    There is no correlation between GDP and government spending. GDP is simply a measure of how robust and powerful an economy in terms of the value of the goods and services it produces. Government spending is just how much the government chooses to spend.

    BTW, the US GDP is around 16 trillion, not 2.2. Government spending is around 3 trillion. Could you be confusing some statistics? The debt is a little greater than US GDP, about 106% of GDP.

  • 8 years ago

    OK.

    Let's slash that in half...but please...exactly how does reducing half of the public sector spending in the over all economy result in economic growth?

    Worrying about government budgets should be a concern in those "good times" not when killing all those jobs and reducing that flow of capital would be a kick in the economic teeth.

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