Quote:
Originally Posted by wwmiv
GDP does not include all forms of government spending. For instance, transfer payments such as social security are not considered. That would change your conclusions, I think, but I disagree with your entire premise altogether anyway and a changed conclusion would still be based on that same faulty premise.
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I don't know that I had a premise here.
My post was a somewhat sarcastic response to Crawford whose posts always bash. In this Canada-bash, but we all know Detroit-bash, this-bash, that-bash.
I was merely poking at his argument about a migration ponzi scheme by pointing out there are many sources of economic growth that are by their nature transient (one year's immigration or deficit spending) and if we remove any of the other's you can show there's no real growth most years in any developed country.
I'm not suggesting we ought to do the calculation that way. I'm suggesting he raised an argument for the purpose of bashing, that if taken to its logical extreme either fails; or succeeds by making most of the OECD failures.