Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports in response to questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could possibly cause an economic downturn.
“You know, that governments historically have messed with GDP,” Lutnick said on Fox News Channel’s “Sunday Morning Futures.” “They count government spending as part of GDP. So I’m going to separate those two and make it transparent.”
Doing so could potentially complicate or distort a fundamental measure of the U.S. economy’s health. Government spending is traditionally included in the GDP because changes in taxes, spending, deficits and regulations by the government can impact the path of overall growth. GDP reports already include extensive details on government spending, offering a level of transparency for economists.
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All components of GDP, including government spending, are reported separately. This guy has no idea what he’s doing.
So he’s going to do nothing different, and say he’s extra transparent! Not like those Demoncrats!
He knows exactly what he’s doing.
Trump is a convicted felon. Why the fuck would anyone expect anything different?
So now we are going to need to get the correct GDP figure from private organizations or individuals. Or there may be nobody at all to tell us the actual GDP figure anymore. Trump enshitifies everything he touches.
Orwell feared those who would deprive us of information
https://www.vox.com/the-gray-area/365740/orwell-1984-animal-farm-orwellian