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We can also increase government spending by $1 trillion and therefore increase our GDP by $1 trillion. The US government is running a deficit that is equivalen
by thiago_fm 3y ago
We can also increase government spending by $1 trillion and therefore increase our GDP by $1 trillion.
The US government is running a deficit that is equivalent of the GDP of Spain, while Americans life expectation is similar to third world countries. I don't see this as wealth generation.
The US choses to have too many suburbs which incurs a huge cost to maintain so many streets, and typical US states are completely brankrupt, so federal government needs to constantly save and help (like Biden's Build Back Better campaign and infrastructure package).
Because of this, US will always have a huge GDP that will just keep growing, but whether this is really better for the citizens, I have my own fair of questions.
It's very cheap to get some running shoes and go running and stay healthy, but some countries think they need protein powers, gatorade and Crossfit gyms in order to maintain a "healthy" lifestyle, maybe even take some testosterone, that all become GDP numbers, that's why GDP is a useless metric when comparing countries.
- deleted 3y ago[deleted]