Here's another very important thing that people need to know when they talk about GDP growth. GDP about 2%. I don't know if everybody realizes this, that GDP is almost all deficit spending. It's not a productive use of a dollar. If you spend a dollar in the private sector, you get more than a dollar in return. So what they're basically doing is robbing our futures. (03:47–03:51)
CLAIM
Asserts that current GDP growth is primarily due to deficit spending.
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