richardhutnik on 25 July 2011
| Viper1 said: Another issue was relying on the GDP figures to calculate growth. GDP includes government spending. So if the government spends more it looks like the economy is growing. Problem is worse given that the government doesn't produce anything. All that capital was being used on a non-producing enterprise so real growth never came with the spending growth. It only looked like the economy was getting bigger when actually it was getting smaller. And with government and Fed boosted economic bubble markets. The shit and the fan were betrothed. |
I believe that embedding any statistical measures into the constitution is a sign of gross incompetence on the part of individuals in the government to not do what they are supposed to do. It is seriously lame. I consider it akin to people who want to define marriage in the constitution also. If a society doesn't know what marriage is, putting it in the constitution isn't going to help matters.
