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Obama wins a Nobel Prize, now wins the US a bronze medal for insane government spending and debt. Way to go Obama!!
1 posted on 07/16/2012 8:37:47 AM PDT by whitedog57
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To: whitedog57
Well, it's not third place in government debt growth. The chart is sorted on the year the debt as a percentage of GDP will peak. I guess they assume that Obama won't be elected if they thing the GDP growth will exceed government growth by 2015.

Look at Argentina, the fastest growing economy according to the IMF.

The chart is labelled "Potential GDP and Expenditure Growth". What the (@#$(*@( is potential GDP growth? I guess if you nearly kill an economy that leaves plenty of room to potentially grow, but it doesn't necessarily correlate with actual growth.

2 posted on 07/16/2012 8:54:48 AM PDT by KarlInOhio (You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)
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