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So from another
message board I'm a member of ...Wall Street Celebrates Lowered Q2
GDPFrom 3% to 2.8% GDP growth when interest rates were still at a
60-year ultra-low stimulative 1%. If the economy fails to grow at just
the avergage GDP growth rate when economic stimulus is at an all-time
high, then there's a huge problem that is being ignored.So here's the
huge ignored problem: In 2004 Q2 U.S. Federal government debt increased by
$143 billion and US household debt increased by $252 billion for a total of
$395 billion, while 2004 Q2 GDP increased by $171 billion. Debt is piling up
at more than twice the GDP dollar growth rate.Here's an annual table
of GDP & debt increases: 2001 GDP +$311 billion, U.S. government debt
+$281 billion, US household debt +$667 billion.So a $948 billion
debt increase gets us a $311 billion GDP increase.2002 GDP +$359
billion, U.S. government debt +$462 billion, U.S. household debt +$784
billion.A $1,246 billion debt increase gets us a $359 billion GDP
increase.2003 GDP +$517 billion, U.S. government debt +$596 billion,
U.S. household debt +$918 billion.A $1,514 billion debt increase
gets us a $517 billion GDP increase.So
from another message board I'm a member of ...Wall Street Celebrates
Lowered Q2 GDPFrom 3% to 2.8% GDP growth when interest rates were still
at a 60-year ultra-low stimulative 1%. If the economy fails to grow at just
the avergage GDP growth rate when economic stimulus is at an all-time
high, then there's a huge problem that is being ignored.So here's the
huge ignored problem: In 2004 Q2 U.S. Federal government debt increased by
$143 billion and US household debt increased by $252 billion for a total of
$395 billion, while 2004 Q2 GDP increased by $171 billion. Debt is piling up
at more than twice the GDP dollar growth rate.Here's an annual table
of GDP & debt increases: 2001 GDP +$311 billion, U.S. government debt
+$281 billion, US household debt +$667 billion.So a $948 billion
debt increase gets us a $311 billion GDP increase.2002 GDP +$359
billion, U.S. government debt +$462 billion, U.S. household debt +$784
billion.A $1,246 billion debt increase gets us a $359 billion GDP
increase.2003 GDP +$517 billion, U.S. government debt +$596 billion,
U.S. household debt +$918 billion.A $1,514 billion debt increase
gets us a $517 billion GDP increase.
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