Posted on 07/27/2018 2:58:39 PM PDT by Beave Meister
I didn’t say it was a good thing. But, that’s what we have today. People cheering as the national debt goes up. Tax cuts and more .gov spending. Party while ya still can.
Using a 2% constant growth rate the economy doubles in 36 years. A 4% growth rate and the economy doubles in 18 years.
What happens to tax revenues when the economy doubles?
Is the economy growing without .gov debt?
These are the same group of ‘economists’ that had everything under Obama as ‘Unexpected’.
Is the New York Times a newspaper or a collection of mean-spirited grinches? A 4.1% growth rate seems like a disaster to these nasty wretches.
If I remember correctly the 5% number was achieved by shifting previous medical sector spending from a dismal quarter to a moderate quarter. The shift represented a lot of spending that was being done during the implementation of Obamacare. There were a couple good articles back then about what total BS the 5% figure was and how a big portion of that GDP should have been credited to a previous quarter.
Being a left-wing “economist” means never having to say you are sorry.
I believe it’s much higher than 4.1%.
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