Name:	MartiniMan -	Reply
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".

Name:	Talullahhound -	Reply
Subject:	It's all about GDP growth dummy
Date:	8/10/2023 8:53:10 AM

Biden has absolutely no understanding of ecomonics that I have seen and Yellen has been wrong about everything.  If we don't get these people out of office, we've going to see steep tax increases to cover the interest on our debt.  

"It's Bidenomics and it's working"... I guess it depends on what you are trying to do.