Freemason9
Gold Member
- Aug 14, 2012
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US public and private debt crossed the 270% of GDP threshold in 2000. Until we deleverage to sane levels, our economic growth will suffer one to two percentage points of growth each year. That has a cumulative effect.
Opinion, not fact.
It can also be argued that upper margin tax cuts have increased both the debt AND wealth concentration, the latter of which can be said to "cause our economic growth to suffer one to two percentage points of growth each year."
Anyone can SAY anything, but stats and history paints more interesting portraits.