WallStreetMav
If we are having a recession over a decline in govt spending, then the GDP wasn't real to begin with.
The US govt has a $2 trillion annual budget deficit.
That is basically $2 trillion of artificial GDP that is funded by more debt.
Removing $2 trillion of GDP is where the actual economy is.
If we are having a recession over a decline in govt spending, then the GDP wasn't real to begin with.
The US govt has a $2 trillion annual budget deficit.
That is basically $2 trillion of artificial GDP that is funded by more debt.
Removing $2 trillion of GDP is where the actual economy is.