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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by elicash on Thursday October 26, 2023 @09:51AM (#38025542)
GDP measures the value of goods and services produced in the country.

For the question you're interested in, you'd want to look at other measures like the deficit as a share of GDP. Which is trending badly in large part due to lower revenues (variety of non-ideological reasons).

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