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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
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
432028 posts
Posted on 4/15/24 at 10:52 am to
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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