FTA: "GDP is as high as it was in 2008". Without government debt spending, GDP has been flat for 15 years. http://www.johnmauldin.com/images/uploads/charts/05

FTA: "GDP is as high as it was in 2008". Without government debt spending, GDP has been flat for 15 years. http://www.johnmauldin.com/images/uploads/charts/050911-01.jpg http://www.johnmauldin.com/images/uploads/charts/050911-01.j... Its like saying that your annual income rose from $100,000 to $150,000 because you count the $50,000 you spend using credit cards. This is absurd. Your income is still $100,000, (oh but now you spend $12,000 a year in interest too). There's more to write about the changes in society, but this GDP fallacy must be corrected.