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The Economy

Posted 12/15/21

To the Editor:

I just heard on a newscast that we Americans will spend an estimated $800 billion on Christmas this year.   That’s a lot of gifting!   Indeed, it is about …

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The Economy

Posted

To the Editor:

I just heard on a newscast that we Americans will spend an estimated $800 billion on Christmas this year.  That’s a lot of gifting!  Indeed, it is about four-fifths of a trillion dollars.  How is that possible?  Well, as it turns out, our GDP (which is the total cost of all goods and services in one twelve-month period in this country) has now reached 22.7 trillion , that’s trillion, dollars..   Our country’s economy is enormous, and keeps on growing.  It boggles the mind.  It also gives new perspective to the size of the federal budget, as well as new insight into the thinking of members of Congress, on both sides of the aisle, who urgently stress to us  that five trillion is a lot of money, and therefore it is excessive and needless government spending. 

What these Conservative members of Congress fail to point out is that the five trillion was to be budgeted over a ten-year period, which comes to half a trillion per year.  That’s still a lot of money, but it’s far less than we’ll be spending on one holiday season this year alone.  This G.O.A.T. nation deserves a G.O.A.T. federal budget.  We can handle it.  Tell your Senators and Representatives in Washington. 

Taffy Wallace

Fayette MO

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