40 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe
8 Replies to “The Decline And Fall Of The American Empire”
#1 Back in 1980, the U.S. national debt was less than one trillion dollars. Today, it is rapidly approaching 17 trillion dollars..
As much as I sympathize with the goal of fiscal restraint, to make arguments and show graphs that do not adjust for the growth in nominal GDP is just plain deceiving.
Very true,rabbit. But how do you adjust for a negative growth in GDP?
Do Americans realize that they have a low tariff policy on imports combined with
a federal sales tax on manufacturers which applies only to US facilities? Do they
realize killing that sort of tax and bringing in a federal retail sales tax combined
with state retail sales taxes is used around the world to provide sensibly balanced
consumption taxes which help assist domestic industries to compete against imports?
Obama is in the White House. These statistics are not a bug, they are a feature.
Rabbit, I agree. It’s even more misleading not to use constant dollars. These flaws weaken what should be an excellent argument.
What I’d also like to know is why is ZH owned by ABC now?
Graphs that leave out adjustments for growth in GDP, AND statistics that fail to use constant dollars aside, the final argument of the 40 listed should focus every mind on how bad things really are in the US – over 47 million people on food stamps! That number is greater than the population of the 24 least populated states. And the stock market is at an all time high, eh…
As much as I sympathize with the goal of fiscal restraint, to make arguments and show graphs that do not adjust for the growth in nominal GDP is just plain deceiving.
Very true,rabbit. But how do you adjust for a negative growth in GDP?
Do Americans realize that they have a low tariff policy on imports combined with
a federal sales tax on manufacturers which applies only to US facilities? Do they
realize killing that sort of tax and bringing in a federal retail sales tax combined
with state retail sales taxes is used around the world to provide sensibly balanced
consumption taxes which help assist domestic industries to compete against imports?
Obama is in the White House. These statistics are not a bug, they are a feature.
Rabbit, I agree. It’s even more misleading not to use constant dollars. These flaws weaken what should be an excellent argument.
What I’d also like to know is why is ZH owned by ABC now?
It looked bad back in 2011. It looks worse now.
http://www.scribd.com/doc/76802342/11-trends-over-last-11-years
Graphs that leave out adjustments for growth in GDP, AND statistics that fail to use constant dollars aside, the final argument of the 40 listed should focus every mind on how bad things really are in the US – over 47 million people on food stamps! That number is greater than the population of the 24 least populated states. And the stock market is at an all time high, eh…