Quote:
Originally Posted by widgeon13
That's only if any money is left over for R&D. Since 1929 can you sight a time when US GDP has skyrocketed. I have looked at the figures and it hasn't happened at least by my standards. As the GDP increases in magnitude, it's also less likely that it will skyrocket as a percent of the current figure.
I'm not trying to be argumentative as much as I really would like to better understand your rational.
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I understand. What I should point out is that my mentality is that the type of business that will help us "quickly" boost our economy and in turn reduce debt is not something that we can imagine right now. If we can imagine it then its not going to be amazing. What will help us grow quick is something that has a low probability of working but a huge impact if it works. This could be pioneering stem cell technology therefore having a huge influx of people looking for US treatment. This could be a new green technology that we simply don't allow china to reverse engineer.
I misstated my position. "Skyrocket" is not the choicest word to use. Hopefully you see how I predict we can have social programs (so on and so forth) AND low debt. I am not saying it is easy or 100% possible but there is a potential for it to happen.