US Federal Government Spends $8.70 for Every $1 Gain in GDP

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Charles Hugh Smith writes on his excellent Of Two Minds website that from 2008-2011, the US Federal government paid roughly $8.70 for every $1 gain in GDP. The Federal government borrowed and spent $6.1 trillion over the past four years to generate a cumulative $700 billion increase in the nation’s GDP. That means we’ve borrowed […]

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