YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: GDP
  • US Debt Now at 100% of GDP

    We all knew it was going to happen eventually, and now the moment has arrived. Just two days after the debt ceiling increase was signed into law, the United States’ debt reached 100% of GDP, or how much the economy is annually worth. The debt over the last two days rose $238 billion to bring …

  • Austerity measures: Increase taxes or decrease government spending?

    Current discussion over raising the debt ceiling is all over the news, and I would probably not be adding much to the discussion if I predicted whether it will or will not be raised. I would be adding an equally marginal account towards the ramifications of the outcome if I tried to do so. Instead, …

  • CBO BOMB: ‘Deficits will cause debt to rise to unsupportable levels’…

    Below is the text from the Congressional Budget Office website (which has been inaccessible due to apparent inability of government servers to present data efficiently).  The document details the importance of lowering federal debt by cutting spending or by increasing federal revenues (or both).   Federal Debt and the Risk of a Fiscal CrisisOver the …

  • Federal Spending as Share of GDP

    From Cato via BigGovernment.com:

  • Wealth Creation vs. Government Spending

    Thanks to Norman Horn of the Libertarian Christians blog for this link to one of his older posts on the inverse relationship between government spending as a percentage of GDP and growth in GDP per year: The graph explains rather better than I could, but essentially what we have here is a situation in which, …

  • Gov’t Spending as a Percentage of GDP

    It’s up to 45%.   Auuuuggghhhghhghgh!!1!