Obi-Wan Kenobi
/ 178.36.11.* / 2010-06-07 13:46
Tylko w ciągu pierwszych 5 miesięcy deficyt Stanów wzrósł o 700 mld $. W skali roku daje to ok 12% do PKB. Tyle samo, co Grecja...Gdyby teraz, jak wymaga EBC obniżyć go do 3%, to PKB musi skurczyć się o 8 - 9 %....
That's nearly $700 billion in five months. Annualized it's $1.68 trillion. Last year's total was $1.647 trillion.
Ignore the CBO and other government claims. That which is borrowed is that which is owed, and the increase in that which is owed over a year's time is the true deficit in the budget, irrespective of all claims otherwise.
This comes out to roughly 12% of GDP. If we contract that deficit spending in 2011 to the European standard of no more than 3% of GDP then either GDP contracts by the difference (8-9%) or the government extracts that from you in the form of taxes.
Either way you don't have it - it is either not produced and thus not paid or it is produced and stolen. Irrespective of how it is achieved you are going to see roughly 10% of your "standard of living" come out of your hide.
It would be nice if it stopped there, but it both won't and can't. That which you don't have you can't spend, which means that the "excess capacity" in the economy goes up, not down. Employment will not increase, it will stagnate or get worse. Budgets will have to be slashed at state, local and federal levels - like it or not.