RE: Biden’s new ‘budget’ slashes growth and wages
Posted on: June 16, 2021 at 10:18:51 CT
meatiger MU
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"Meanwhile, gross national product – a measure of American incomes – would fall by 1% in the long-run, the study shows, due to deficit spending and increased taxation, which reduces U.S. savings and increases payments to foreign owners of U.S. assets."
This has been happening for 40+ years, yet GDP and wages continue to increase.