Every $1 of GDP growth cost taxpayers $1.69

[Weatherman2020]

“Did the fourth quarter Gross Domestic Product (GDP) 2023 report actually show wonderful economic growth? Not when put in context. You see, all that ‘growth’ is really government spending (taxpayer) money it doesn’t have. Every $1 of GDP growth cost taxpayers $1.69 in new debt. To observe that sort of ‘growth’ isn’t sustainable is a massive understatement.”

Bottom line...

If our government leaders did what they have done in the private sector ... they would all be in jail for the rest of their lives for massive financial fraud.

Instead, we all play along with the kabuki theater, pretending the mirage of American legitimacy is actually real.

The Economy Isn’t Growing. The Government Is Just Adding Debt.

pjmedia.com

 

[jotathought]

Bidenomics!!

 

[leftwinger]

Don't worry they will start paying down debt when things "settle down" and DEM Tax revenue grows by 50% from all the good policy they implement. Spending will go down under Obiden they say. Just give them time. 12 years is not enough time.

 

[TroglocratsRdumb]

“Did the fourth quarter Gross Domestic Product (GDP) 2023 report actually show wonderful economic growth? Not when put in context. You see, all that ‘growth’ is really government spending (taxpayer) money it doesn’t have. Every $1 of GDP growth cost taxpayers $1.69 in new debt. To observe that sort of ‘growth’ isn’t sustainable is a massive understatement.”

Bottom line...

If our government leaders did what they have done in the private sector ... they would all be in jail for the rest of their lives for massive financial fraud.

Instead, we all play along with the kabuki theater, pretending the mirage of American legitimacy is actually real.

The Economy Isn’t Growing. The Government Is Just Adding Debt.

pjmedia.com

The Democrats act just like a criminal who stole someone's credit card.
They don't care how much they spend because it's other people's money.

 

[luiza]

As reported separately recently , when Piss Pants supporters became silent when this was pointed out to them .
And of course the debt element is mainly Government debt .
That is , Government incurs debt knowing it can scam the Sheeple by not telling them that apparent GDP strong performance is actually them inflating matters with imaginary money .

 

[shockedcanadian]

“Did the fourth quarter Gross Domestic Product (GDP) 2023 report actually show wonderful economic growth? Not when put in context. You see, all that ‘growth’ is really government spending (taxpayer) money it doesn’t have. Every $1 of GDP growth cost taxpayers $1.69 in new debt. To observe that sort of ‘growth’ isn’t sustainable is a massive understatement.”

Bottom line...

If our government leaders did what they have done in the private sector ... they would all be in jail for the rest of their lives for massive financial fraud.

Instead, we all play along with the kabuki theater, pretending the mirage of American legitimacy is actually real.

The Economy Isn’t Growing. The Government Is Just Adding Debt.

pjmedia.com

This is how Canada "grows" all the time at every jurisdictional level.

In fact, I pointed this out while Trump was in office. The West has traded capitalism for cronyism. We will all have to pay the Piper eventually.

 

[leftwinger]

We will all have to pay the Piper eventually.

When will that be? What effect will it have on my IRA? 401K? SS payments to 100 million Amercians?
Give me Notice so I can shuffle some stuff around. Thanks.

 

[Weatherman2020]

When will that be? What effect will it have on my IRA? 401K? SS payments to 100 million Amercians?
Give me Notice so I can shuffle some stuff around. Thanks.

Ever see what happened during the Great Depression to people?

That was nothing.

 

[Orangecat]

“Did the fourth quarter Gross Domestic Product (GDP) 2023 report actually show wonderful economic growth? Not when put in context. You see, all that ‘growth’ is really government spending (taxpayer) money it doesn’t have. Every $1 of GDP growth cost taxpayers $1.69 in new debt. To observe that sort of ‘growth’ isn’t sustainable is a massive understatement.”

Bottom line...

If our government leaders did what they have done in the private sector ... they would all be in jail for the rest of their lives for massive financial fraud.

Instead, we all play along with the kabuki theater, pretending the mirage of American legitimacy is actually real.

The Economy Isn’t Growing. The Government Is Just Adding Debt.

pjmedia.com

 

[Stryder50]

And for those wanting assorted numbers and categories; Real Time Debt Clock, USA;

https://www.usdebtclock.org/

Note the upper left tab for "Time Machine" ...
Click on this and you can pull 'clock'/spread sheet for current year 2024,in black, and past at four year increments: 2020, 2016, 2012, 2008, 2004, 2000. Then jumps to ten year: 1990 & 1980.

Note that the numbers are for this date in each of those years; January 29.

Note there are two projects for 2028, in green type. First one is based on trends in the main site clock.

There is also the tab for "Budget Showdown 2028" which brings up three balance sheets/spreads;
CBO = Congressional Budget Office
OMB = Office of Management and Budget
USDC = U.S. Debt Clock - at Current Rates

Notice how as you go to the right through the three tally sheets, the numbers increase significantly. A probable hint at how optimistic and inaccurate CBO and OMB are. (Or how much they fib )

U.S. National Debt Clock 2027 Budgets Compared

Also make note of the bottom right "red" tabs on:
Social Security Liabilities,
Medicare Liabilities, and
US Unfunded Liabilities = total of S.S., Medicare, Fed Debt held by public, and government employee and military veterans benefits, etc.

These are very difficult obligations in the future to default on or reduce. It's doubtful citizens/taxpayers/voters would be willing to see any that apply to them be cut/reduced, though they might go long with someone else's being cut/reduced.

 

[Pastelli]

Forum outcast infamous RACIST motivated posting:
'Luiza' - Nazism:
(luiza.86585)

• Pro Jihad child killing.
• Admitting Jews today are the same ethnicity as Jesus . But often tries to lie about it.
• Advocates for genocide.
• Pro Jihad entities use of its children.
• Promoting Hitler garbage.
• Spamming the forums with despicable wording.

---

Gas chambers or Ovens - Nazi Luiza asks?



Exterminating J.




Against all Jews.



And more...




Today's Jews are as Jesus ethnicity she admits. But racist Luiza still hates via ancient lies canards stereotypes.

 

[IM2]

More bs from the racist OP.

 

[Weatherman2020]

More bs from the racist OP.

Math are hardz two youz

 

[Supposn]

“Did the fourth quarter Gross Domestic Product (GDP) 2023 report actually show wonderful economic growth? Not when put in context. You see, all that ‘growth’ is really government spending (taxpayer) money it doesn’t have. Every $1 of GDP growth cost taxpayers $1.69 in new debt. To observe that sort of ‘growth’ isn’t sustainable is a massive understatement.”

Bottom line...

If our government leaders did what they have done in the private sector ... they would all be in jail for the rest of their lives for massive financial fraud.

Instead, we all play along with the kabuki theater, pretending the mirage of American legitimacy is actually real.

The Economy Isn’t Growing. The Government Is Just Adding Debt.

pjmedia.com

Weatherman2020, the link you provided is toan article which advocates our governments' spending should be “reigned in”. There's fewer arguments opposing reigning in of government spending. Republicans and Democrats, socialists and capitalist, you and I all generally agree that government spending should be reined in and spending must be prioritized. But when it comes down to which specific items should be reduced or increased, that's where we all fight our battles. Respectfully, Supposn