Quote:
Originally Posted by Piscator
It's a component of it...saying Federal Spending has a big impact on GDP is misleading.
Posted from my iPhone/Mobile device
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Sure, there are a lot of components and Federal spending is a big one.
I think the CBO predicted that the Sequester -- which was a drop in the bucket some claimed -- would depress GDP 1.5% in 2013. Given that the difference between recession and strong growth is in the single digits that's a significant impact.
-spence