and the alternative to what you just described is worse like a super great depression......
I think that’s what we get if the current phony baloney show of constant tax and spending adjustments continues.
The phoney baloney show is done I suspect to make the big business community happy so people keep on blowing their money.
And the big business folks pump big money into the RINO’s we have sent to Washington.
BALANCED BUDGET NOW.....BALANCED BUDGET NOW.....BALANCED BUDGET NOW.......
Might as well get it over with. It’s going to happen anyway.
Deficit spending has become heroin for voters and politicians alike.
We are now to the point where there is no way out without major pain. Nearly 10% of our current “GDP” is borrowed/printed money - and we've been doing that for more than four consecutive years.
Like a heroin addict either you stop and go through extreme withdrawal's or continue on and die. The last election was a vote to continue on. The majority believe they can continue on indefinitely with the spending high. Its only a matter of getting the right politicians to acquire their fix from the vilified 1%. They've bought the lie and no amount of truth will alter their view.
So the future is looking grim.
You’re right, which points out that GDP needs to be redefined to be a more accurate reflection of actual economic activity.
That’s just flat out wrong. The government takes FROM the economy. It can’t spend without taxing or borrowing. Cut the government spending, cut the taxes, cut the borrowing and watch the economy soar!
Stop reading the rubbish on wikipedia.
“instant mother of a recession bordering on a depression”.
You mean like, the last 5 years ???