ALEX
@ajtourville · Nov 3, 2024
Chamath Palihapitiya is right
In 2023, the US gross domestic product (GDP) was $27.3 trillion, a 6.3% increase from 2022
In 2023, the US federal budget deficit was $1.7 trillion, which represents 6.3% of the GDP
This is not a coincidence.
ALEX@ajtourville· Nov 2, 2024Chamath: “Over the last 2.5 years, all of the economic gains under the Biden-Harris administration have largely been through government consumption.”
Basically, it's fake economic growth via government deficit spending and it's totally unsustainable.
This is why we need D.O.G.E
Elon Musk
@elonmusk
True
02:30 PM · November 4, 2024 · 33.7K views
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