Quote:
Originally Posted by spence
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
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If we rely so much on federal spending for GDP and if it is such a BIG component as you say...then we have a big problem.
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