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re: "Conservatism" has to be more than just a defensive posture
Posted on 4/15/24 at 10:52 am to wutangfinancial
Posted on 4/15/24 at 10:52 am to wutangfinancial
quote:
You understand this is paradoxal right? Cut spending and you cut GDP.
quote:
which will, in turn, lower GDP,
Yes, I understand.
quote:
What we really need is to grow the private sector
Already covered, with napkin math.
quote:
Not really possible. Do the math and calculate what sort of GDP increase we will need (assuming no extra government spending and a return in taxers of 20% of GDP).
Every $100B in tax growth will require $500B in private sector GDP expansion. Our current deficit is $1.6T, so just to get even (ignoring the debt), our private sector GDP will have to increase what, $8T?
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