The Truth…
“while Q4 GDP rose by $329 billion to $27.939 trillion, a respectable if made up number, what is much more disturbing is that over the same time period, the US budget deficit rose by more than 50%, or $510 billion. And the cherry on top: the increase in public US debt in the same three month period was a stunning $834 billion, or 154% more than the increase in GDP. In other words, it now takes $1.55 in budget deficit to generate $1 of growth... and it takes over $2.50 in new debt to generate $1 of GDP growth!”
And it should also be mentioned that, even if the GDP numbers could be counted on to be accurate, we have, by some estimates, 18 million new, non-citizens living here that weren’t here 3 years ago. Do the per-capita GDP numbers reflect that increase? I suspect not.