Re: GDP?
I suppose being an economist by training, I look at the entire picture, rather than the part that fits my worldview.
How in the world does the Federal Budget NOT affect economic welfare?? Particularly in light of the massive debt, being added to on a daily basis? Put into microeconomic terms, is YOUR personal economic welfare NOT better off when you lower your monthly debt payments??
Does Federal spending, such as highway funds, building projects, military bases and welfare not ADD to the overall economy (at least in the areas that the $ are spent?
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