[quote=faterikcartman][quote=briansd1] With government budget cuts, economic growth will continue to be anemic.[/quote]
Brian, do you really believe this? Seriously?[/quote]
Even the most hard-core right-wingers acknowledge that cutting government spending will decrease GDP.
Definition Gross Domestic Product. The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports.
The government has been spending money it doesn’t have (borrowing). If it contracts, it will obviously cause our GDP to shrink.
Don’t forget, the money that is spent by the government (counted as govt spending in GDP calculations) usually ends up as wages or transfer payments of some sort, which are then spent again, almost immediately (counted as consumer spending in GDP calculations). IMHO, reducing government spending will absolutely choke the economy, not just slow it down a bit.
