Thread: 2016
View Single Post
Old 03-14-2014, 09:22 AM   #61
Piscator
Registered User
iTrader: (0)
 
Piscator's Avatar
 
Join Date: Oct 2006
Location: Marshfield, Ma
Posts: 2,150
Quote:
Originally Posted by spence View Post
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
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.
Posted from my iPhone/Mobile device

"I know a taxidermy man back home. He gonna have a heart attack when he see what I brung him!"
Piscator is offline