Can you elaborate or summarize your findings? My estimate is based upon removing government debt spending, i.e. the amount of the federal budget deficit. Ex. the current year deficit of 1.4T = approximately 10% of the 14T total GDP. Subtracting 10% from the 2Q GDP of +1.3% = -8.7% private sector GDP growth.
I do not believe the BEA is a reliable souce. They add in too many variables and are constantly revising formulas, weighting and adjustments.
Can you elaborate or summarize your findings?Sorry for the delayed response - have been busy with work. I uploaded my spreadsheet here. Basically what I did was to remove that portion of the GDP that was included under the "Government consumption, expenditures, and gross investment". This was using the BEA figures.