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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (1507679)	12/11/2024 4:14:41 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1575173

FC, Let us keep sight on the GDP growth rate as it relates to the US Federal Deficit growth rate The GDP is an actual number. The deficit is the difference between two numbers. Can't compare the growth rates between the two. Instead, it makes sense to measure the deficit as a percentage of GDP, then compare that to the GDP growth rate. And right now, it's not pretty. The deficit is 6.6% of the GDP. The GDP is only growing by 2.8%. That means if you eliminated the entire deficit in one year, the GDP would shrink by 6.6 - 2.8 = 3.8 percentage points. (Or you can make up for it by growing the overall economy by 6.6% in that year, but obviously that'll never happen.) Tenchusatsu