GDP Inflation: The Hidden Cost of Government Spending

By Free Republic | Created at 2024-10-28 17:22:21 | Updated at 2024-10-28 19:24:31 2 hours ago

GDP Inflation: The Hidden Cost of Government Spending
Citizen Watch Report ^

Posted on 10/28/2024 10:21:41 AM PDT by davikkm

It’s election season – which means we’re hearing a lot of talk about the economy and government spending priorities. Today we evaluate the impact of federal government debt, show you how easy it is to inflate GDP, and explain exactly how these political games are picking your pocket…

We’re in an election year, and that means, of course, that the party trying to get re-elected is going to tout how great of a job that they’ve done for the voters.

If you’re familiar with what sways voting trends, then, you know that the economy (or, specifically, how that voter feels in their wallet) is the single biggest factor for most voters.

There’s a reason, after all, that Bill Clinton’s campaign focused on the phrase “It’s the economy, stupid!” It helped Clinton win against George H.W. Bush in the 1992 election.

Now, the metrics that governments tend to use to measure the health of the economy are measurements of Gross Domestic Product (GDP) which, if you’re unfamiliar with it, simply means the dollar amount (for the U.S., for example) of all the goods and services that were produced over a quarter or year.

(Excerpt) Read more at citizenwatchreport.com ...

TOPICS: Business/Economy; Government
KEYWORDS: gdp; inflation

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1 posted on 10/28/2024 10:21:41 AM PDT by davikkm

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