Upstate Voice on Nostr: It now takes $1.55 in budget deficit to generate $1 of growth... and it takes over ...
It now takes $1.55 in budget deficit to generate $1 of growth... and it takes over $2.50 in new debt to generate $1 of GDP growth!
DementiaJoe "Today we learned that our economy grew 3.1% last year – all while adding another 2.7 million jobs.."
respond that today we also learned that our debt grew by $2.581 trillion last year. This means that every dollar in GDP growth cost $1.69 in new debt, and also means that every new job cost futures generations of Americans $957,100 tinyurl.com/2j8csm7p
DementiaJoe "Today we learned that our economy grew 3.1% last year – all while adding another 2.7 million jobs.."
respond that today we also learned that our debt grew by $2.581 trillion last year. This means that every dollar in GDP growth cost $1.69 in new debt, and also means that every new job cost futures generations of Americans $957,100 tinyurl.com/2j8csm7p