@mkraju.bsky.social
RECESSION! GDP-$29T, US Budget-$6.7, US Budget is 23% of GDP. Musk's reduction of $1T is 15%of US Budget. A $1T reduction in budget means a 3% reduction in GDP. 2024 GDP growth was 2.8%. That does not include multiplier effects.
2.8% -3% = -0.2% RECESSION!!
RECESSION! GDP-$29T, US Budget-$6.7, US Budget is 23% of GDP. Musk's reduction of $1T is 15%of US Budget. A $1T reduction in budget means a 3% reduction in GDP. 2024 GDP growth was 2.8%. That does not include multiplier effects.
2.8% -3% = -0.2% RECESSION!!
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