"jps" wrote in message
...
"NOYB" wrote in message
link.net...
Economy Grows at Fastest Pace Since 1984
By JEANNINE AVERSA, Associated Press Writer

WASHINGTON - The economy grew at a blistering 7.2 percent annual rate in
the
third quarter in the strongest pace in nearly two decades. Consumers
spent
with abandon and businesses ramped up investment, compelling new
evidence
of
an economic resurgence.

While going into further debt. Washington is setting the tone, we're in
love with deficit spending.

There's nothing wrong with deficit spending when you have the ability to
borrow ad infinitum...especially when GDP increases as sharply as it did.
The net tax receipts grow (despite a rate cut), as GDP grows...but there is
at least a 1-1 1/2 year lag. The ol' deficit will shrink in the very near
future again. Nevertheless, increases in the deficit don't matter as long
as there are proportional increases in GDP.




The increase in gross domestic product, the broadest measure of the
economy's performance, in the July-September quarter was more than
double
the 3.3 percent rate registered in the second quarter, the Commerce
Department reported Thursday.

Because the cupboards were nearly empty from reduced production (of
everything but job cuts) for months.

Spin away Dem-boy...but there's nothing but good news in a 7.2% jump in the
GDP.