The output approach focuses on finding the total output of a nation by directly finding the total value of all goods and services a nation produces.
This graph is of the USA's national debt in relation to the USA GDP.
I am not even going to discuss the National Budget Deficit, because, there was a time when we had surplus in the budget, but, it didn't last, did it? And the budget deficits since 2008 were 'the no choice' budgets. The money had to come from somewhere. In the last year or so, President Obama has been making progress in closing the budget deficit with increased taxes.
How is a nation funded? Taxes. All kinds of taxes. There has to be products produced by the USA in order to assign taxes to support the nation.
If one looks through the history of trade negotiations and whom had influence with them, it isn't the little people. Wall Street writes these trade deals for the governments. The trade deals of the USA are never put on any ballot. The idea that a country's government is well supported by the people loses a great deal of meaning for the USA.
Wall Street is primarily interested in 'emerging markets.' They deliver high levels of profits because of the high level of growth. Emerging markets do basically nothing for the USA economy, except, take our jobs and outsource them.
The percent to GDP ratio to debt was lowest when Americans, the Middle Class, were paid well, had good benefits, participated in the economy through vacations, home purchase and cars. The ratio grew larger as unions were dissolved, pay rates fell, manufacturing waned. The USA was revived in the early 1990s through increasing the use of the internet and tourism. The USA has been primarily a service economy for about two decades now. Is there any reason to question why the debt to GDP ratio is always hideously high?
The output approach focuses on finding the total output of a nation by directly finding the total value of all goods and services a nation produces.
The Republican's answer to the debt to GDP ratio are measures of austerity. Budget cuts. This at a time when the nation has it's greatest percentage of poverty, hungry and homeless. How long do the Republicans think this can continue before the entire country gives out under austerity cuts, considering now there is still yet another draconian trade deal?
The Democratic answer to the debt to GDP ratio is to grow the economy, leave the budget alone, solve the problems of business and seek to support poor Americans until they are able to establish a decent paying job, included in that the Working Poor.
Which is the 'real' answer to the economic growth the USA needs? Which is the moral answer? Which one has the promise of the future for our children.
The output approach focuses on finding the total output of a nation by directly finding the total value of all goods and services a nation produces.
How is the USA going to satisfy it's own funding if the nation's output doesn't increase? How long is DC going to allow Wall Street priorities to deprive the USA's people of their economy? When are the people going to speak out to end the abuses of our political system that provides well for Wall Street, but, casts the people into Third World status? Doesn't everyone think it is about time?
This graph is of the USA's national debt in relation to the USA GDP.
I am not even going to discuss the National Budget Deficit, because, there was a time when we had surplus in the budget, but, it didn't last, did it? And the budget deficits since 2008 were 'the no choice' budgets. The money had to come from somewhere. In the last year or so, President Obama has been making progress in closing the budget deficit with increased taxes.
How is a nation funded? Taxes. All kinds of taxes. There has to be products produced by the USA in order to assign taxes to support the nation.
If one looks through the history of trade negotiations and whom had influence with them, it isn't the little people. Wall Street writes these trade deals for the governments. The trade deals of the USA are never put on any ballot. The idea that a country's government is well supported by the people loses a great deal of meaning for the USA.
Wall Street is primarily interested in 'emerging markets.' They deliver high levels of profits because of the high level of growth. Emerging markets do basically nothing for the USA economy, except, take our jobs and outsource them.
The percent to GDP ratio to debt was lowest when Americans, the Middle Class, were paid well, had good benefits, participated in the economy through vacations, home purchase and cars. The ratio grew larger as unions were dissolved, pay rates fell, manufacturing waned. The USA was revived in the early 1990s through increasing the use of the internet and tourism. The USA has been primarily a service economy for about two decades now. Is there any reason to question why the debt to GDP ratio is always hideously high?
The output approach focuses on finding the total output of a nation by directly finding the total value of all goods and services a nation produces.
The Republican's answer to the debt to GDP ratio are measures of austerity. Budget cuts. This at a time when the nation has it's greatest percentage of poverty, hungry and homeless. How long do the Republicans think this can continue before the entire country gives out under austerity cuts, considering now there is still yet another draconian trade deal?
The Democratic answer to the debt to GDP ratio is to grow the economy, leave the budget alone, solve the problems of business and seek to support poor Americans until they are able to establish a decent paying job, included in that the Working Poor.
Which is the 'real' answer to the economic growth the USA needs? Which is the moral answer? Which one has the promise of the future for our children.
The output approach focuses on finding the total output of a nation by directly finding the total value of all goods and services a nation produces.
How is the USA going to satisfy it's own funding if the nation's output doesn't increase? How long is DC going to allow Wall Street priorities to deprive the USA's people of their economy? When are the people going to speak out to end the abuses of our political system that provides well for Wall Street, but, casts the people into Third World status? Doesn't everyone think it is about time?
