yes, the GDP increasing makes our debt more sustainable because it collects more money from taxes. but we are in a declining economy with a growing debt load, the percentages of debt to gdp is going to reach a breaking point before 2012 (or earlier).
very good point, in this case i could use the phrase, 'the textbook definition of GDP is...', i guess wikipedia has lost a lot more credibility than i'm aware of, the idea behind the statement is that the viewer can look it up for themsleves.
Got here from the CM site. Just a quick recommendation...I wouldn't use "Wikipedia" as a credible source. Although what is displayed there may be true, (like your definition of GDP), it makes it appear like it wasn't very well researched. Obviously you put a lot of time and effort into this and you want that reflected. Use credible, reliable sources and you'll have a lot more buy-in. Just my 2 cents. Thanks for the videos.
yes, the GDP increasing makes our debt more sustainable because it collects more money from taxes. but we are in a declining economy with a growing debt load, the percentages of debt to gdp is going to reach a breaking point before 2012 (or earlier).
we are in for some interesting years ahead.
kemosavvy 2 years ago
Does our GDP increasing make our debt more sustainable because the government is able to raise more money from taxes in a growing economy?
milesstep 2 years ago
very good point, in this case i could use the phrase, 'the textbook definition of GDP is...', i guess wikipedia has lost a lot more credibility than i'm aware of, the idea behind the statement is that the viewer can look it up for themsleves.
kemosavvy 3 years ago
Got here from the CM site. Just a quick recommendation...I wouldn't use "Wikipedia" as a credible source. Although what is displayed there may be true, (like your definition of GDP), it makes it appear like it wasn't very well researched. Obviously you put a lot of time and effort into this and you want that reflected. Use credible, reliable sources and you'll have a lot more buy-in. Just my 2 cents. Thanks for the videos.
SteelerFanCA 3 years ago