Name:   MartiniMan - Subject:   It's all about GDP growth dummy Date:   8/9/2023 10:48:24 AM

Lest you missed the news from CBO, our national debt is now at 100% of GDP and is expected to be 200% of GDP by 2030.  These estimates are based on an enemic average GDP growth of 1.7%....probably accurate with Biden in the WH but well below the average 3.2% GDP growth from 1950 to 2005.  As you can see in the chart below, GDP growth has a huge impact on this metric and even with lower than average growth we can put a dent in the debt to GDP ratio just by doing what we have done on a regular basis. 

Of course this means changing from the anti-growth, anti-business, globaloney nonsense, anti-American strategy of our current administration to one that say, JFK or Ronald Reagan embraced.  As Reagan famously said and I have adapted to our current situation, "When your neighbor loses his job it's a recession, when you lose your job it's a depression and when Joe Biden loses his job it's the beginning of a recovery".