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#11 | ||
Ocean Warrior
![]() Best of SUBSIM Chairman Join Date: Dec 2008
Location: Milwaukee, WI
Posts: 3,207
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![]() Quote:
Again, there are actual numbers involved here - not just what you "think" is happening. Over the last two years the average economic growth rate (GDP) was a shade under 3%. However, government spending has increased either 18% or 22% (depending on whether or not you count debt service reduction). So really? Indeed, lower employ does lower the tax base - but that wouldn't matter if spending and growth were even. Because even though there are more people without jobs, the pace of spending would coincide with the growth. We are in an era where there is economic growth but it's only a shade over inflation (although I would suggest that inflation is higher than one would be led to think due to energy and food being not included in the numbers). Quote:
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