The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product.
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.
Doing so could potentially complicate or distort a fundamental measure of the U.S. economy’s health.
When your response to being asked "Will this be bad?" is "Don't worry, we'll fudge the numbers," well... Yeah, that's kind of all the answer anyone needs right there.
This dude totally looks like he's committed fraud at some point in his life
Well yeah, that's basically what the headline says.
In this administration, having committed fraud is a skill that you list at the top of your resume.
He looks like he's currently committing fraud.
Its fraud all the way down, Jerry.
They probably won't include all the federal employees being kicked to the curb in the unemployment numbers either.
Unfortunately there is a long history in the US of fudging unemployment numbers. Maybe not common, but it happens. This seems more like the Nixon deal (shocker).
Is this like making Covid go to zero by not counting cases any more? (It’s a rhetorical question, no need to answer)
If there's one thing Cheeto knows, it's how to cook the books.