Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by AnimalMuppet on Thursday October 26, 2023 @10:05AM
(#38025751)
True, but...
How much deficit did we add last year? The year before? OK, two years ago means they are Covid numbers, so... five years ago?
How much did the economy grow in those years?
I'm not sure that you can say anything as simple as "the growth is because of the deficit". I suspect (but I don't currently have the numbers) that there have been lots of years when the US ran a large deficit and did not grow.
How much deficit did we add last year? The year before? OK, two years ago means they are Covid numbers, so... five years ago?
How much did the economy grow in those years?
I'm not sure that you can say anything as simple as "the growth is because of the deficit". I suspect (but I don't currently have the numbers) that there have been lots of years when the US ran a large deficit and did not grow.