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If you take away federal deficit spending, US GDP is negative for the last several decades.

• hammock 3y ago
  I don't believe that's true. Deficits relative to change in GDP were small from 2014-2018, and I believe if you do the math you'll find GDP ex deficit spending will still be positive for those years
  • blitzar 3y ago
    2014-2018 GDP (growth rate) 2.29, 2.71, 1.67, 2.24, 2.95 Deficit (% of GDP) 2.75, 2.40, 3.10, 3.39, 3.77 1 out of 5 aint bad. The last time it was even close is Clinton.
    • hammock 3y ago
      Where are you getting those deficit figures from? Try this https://fred.stlouisfed.org/series/FYFSD#0 https://fred.stlouisfed.org/series/FYFSD#0
      • blitzar 3y ago
        From ... Federal Surplus or Deficit as Percent of Gross Domestic Product - https://fred.stlouisfed.org/series/FYFSGDA188S https://fred.stlouisfed.org/series/FYFSGDA188S
        • hammock 3y ago
          I see you edited to add the labels. Anyway you can't do the math like that. It's (change in GDP in dollars) - (deficit)
          • blitzar 3y ago
            Sure you can, the denominator of both numbers is GDP.