Itâs a whole lot worse if you can do simple 3rd grade MATH!!
Budget 3.9 TRILLION
Deficit 544 BILLION
That amounts to about 12%, so if the GDP is .7% then we LOST 11.3% in the total economy.
That my friends is a DEPRESSION!!!
But Austin Goolsbee insists that it is a solid path to recovery. He wouldn’t lie, would he? ;-)
If the folks on the public dole had to line up to get their checks we’d see we are in a Depression. Instead it’s EBT and free Obama phones. All is great.
Budget 3.9 TRILLION Deficit 544 BILLION
That amounts to about 12%, so if the GDP is .7% then we LOST 11.3% in the total economy.
That my friends is a DEPRESSION!!!
The politicians try to confuse the populace with interchangeable talk of deficits and debt.
Both are easily dealt with by cutting spending.