Here is a nifty little chart that shows just how far we've gone into the tank. During the 1980's and 90's, a dollar of deficit spending in bought Washington D.C. $2.00 in increased GDP, then it was a $1.50. By 2007/2008, it was about a $1 to a $1. Now it's over $2.50 in to get a dollar out, which just goes to show you that, while you can spend your way to prosperity, you can never dig yourself out of the hole you're in, and sooner or later, the wall's will cave in and bury you... or in this case, the Nation. It's called Keynsian Economics, and as Von Mises explained, it is not so much the miracle of turning stones into bread, but "the not at all miraculous procedure of eating the seed corn".
It takes $2.52 in new debt to increase $1 of GDP.
Source: Debt to the Penny, Commerce Dept
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