[quote=briansd1]I see pri_dk’s point about zero sum. [/quote]
As do I. I just thought it was obvious I was discussing growth. My mistake. Now we’re on the same page (more or less).
[quote=briansd1]
Krugman is right that government debt and spending is contributing a positive sum to GDP, right now. The government could contribute more if it weren’t for political obstruction.
[/quote]
The operative words being “right now”. That debt will have to be paid back one day, thus one day the servicing of that debt will be a drag on “future” GDP. File under: Kick The Can Down The Road, Additional Ways To.
