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    Laffy (gottalaff@mstdn.social)'s status on Monday, 03-Mar-2025 23:49:44 JSTLaffyLaffy

    “US may exclude government spending from GDP, obscuring effect of Doge [sic] cuts

    ..could potentially complicate or distort a fundamental measure of the US economy’s health. Govt spending is traditionally incl in GDP because changes in taxes, spending, deficits & regulations by govt can affect the path of overall growth. GDP reports already incl extensive details on govt spending, offering a level of transparency for economists”

    https://www.theguardian.com/us-news/2025/mar/03/trump-government-spending-gdp-doge

    In conversationabout 7 days ago from mstdn.socialpermalink

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    1. Domain not in remote thumbnail source whitelist: i.guim.co.uk
      US may exclude government spending from GDP, obscuring effect of Doge cuts
      from Associated Press
      Howard Lutnick’s remarks echo Elon Musk, who says government spending doesn’t create value for US economy
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