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03-14-2014, 09:22 AM

#27

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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

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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