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35%  
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  • Record debts, record deficits, slower growth, record spending-what people don't

    02/08/2008 9:31:24 PM PST · by newbie2008 · 3 replies · 67+ views
    understand is this is what happens when your economy is very very LARGE. The larger you are, the harder it is to sustain the same % level of growth. Growing a $100 economy 1% just means adding another dollar of new goods and services a year whereas growing a $1,000,000 economy 1% every year means adding an additional $10,000 of new goods and services every year. The percentages still matter of course and a million dollar economy has a good chance of keeping that sustained growth, but it does face finite resources and dis-economies of scale. So clearly the numbers...