Gross Domestic Product

“The GDP of the United States is 20 trillion dollars, roughly. Every month, let's assume the whole economy shuts down. Every month that we're shut down costs us 1.5 trillion dollars. So if we're going to have the country shut down for say three months, we're lo…”

“I think in the next 10, I think in the next 10 and 20 years, the United States is going to fucking reemerge like a phoenix. And the reason is going to be because of innovation around climate change and agriculture and biotechnology and technology. These four a…”

“Federal outlays of percentage of GDP have generally been around the 20% line plus or minus a couple of percent since, you know, the 19 eighties. And last year, in 2019, it was 20.7%. It jumped to 31.3% under COVID.”

“But what you have now is federal spending over 30% of GDP and everything is starting to break.”

“Federal debt as a percentage of GDP is at sort of all-time peacetime highs. You know, we're now, we were at a hundred percent for a few years, and now because of COVID, we just rocketed up over a 120%. We're close to a 140%.”

“By the way, that's a that's a two and a half percent boost to GDP.”

“GDP fell by .9% in Q two, marking two straight quarters of negative growth.”

“If you look at government tax receipts over time, With all different kinds of tax rates, including very, very different top marginal tax rates, what you see is that federal tax receipts as a percentage of GDP is in the 17 to 19% range.”

“We've never ever been able to get more than 20% of GDP in federal tax receipts, even during the 19 seventies when the top marginal rate was 70%.”

“The debt to GDP ratio matters if you can't increase the GDP. We need debt which is productive investment, which is actually going to grow the GDP.”

“I think GDP will take a big hit there in Q four, but obviously, you know, in Israel, they do have a history of coming back right away.”

“We're already taxing 18% of GDP as federal revenue, which a lot of economists have shown you can only get to 20%, at which point economy starts to shrink.”

“So what they should do is just freeze spending until the federal net outlays as a percent of GDP is down to 20%.”

“The deficit is running at six percent of GDP, whereas economic growth is at, let's call it charitably, two percent.”

“And the tipping point is when half or more of the population begins to be employed by the government, at which point that concept is lost. Because now it is the government that is the employer, not one's own individual liberties and ability to go out and be en…”

“So if you look at government spending, it's about half of GDP now. State, local, and federal, which roughly equates to about half of people in the United States are employed directly by government or indirectly because the government is the primary revenue sou…”

“If you add up federal, state, and local government spending, it's between 40 and 50% of GDP.”

“We're going to go through a couple of difficult GDP revisions, probably downward.”

“I think a set of stable coin rails that makes payments instantaneous and costless is an enormous acceleration to GDP. It would cut fraud.”

“And I'm going to break it out for the last 20 years. And what you're going to see is, Every time the quarter just before an election, all the government spending happens right then and there. It's all of a sudden you have this jump in GDP. Right. Total lie. To…”

“Military as a percentage of the GDP, or as a percentage of the budget, has been, you know, relatively stable, and in some cases decreasing since, since the end of the Iraq War.”

“Well, it's six percent now, so we'd have to be cut in half”

“It's definitely a hundred to 200 basis points of GDP.”

“All of that indirection, trying to celebrate everybody's heritage, confuses and slows that country down. And you can see it in the GDP. You can see it in the FDI, foreign direct investment.”

“We have not seen this level of GDP since we pumped a bunch of money and printed a bunch of dollars during COVID. 5.6 GDP is pretty spectacular.”

“Goldman Sachs is out today with some analysis where they updated kind of the economic knock-on effects, right? So they raised their PCE Inflation forecast from 2.1 to 2.9, right, for the year. So that's a huge jump, right, in terms of their expected, you know,…”

“Data centers are going to be three percent of GDP.”

“For every one percent change in the interest rate, the U.S. Government has to pay 1.25% of GDP in excess interest each year.”