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Debt and Growth

…for reference, also included the total Federal Debt. Graph 1 TCMDO, GDP and Total Federal Debt In 1950, TCMDO was about 1.3 times GDP, but growing a bit more quickly….

Employment in Oil & Gas Drilling

…of total payroll employment. That is correct, zero point fifteen percent, not fifteen percent. Under the assumed sluggish growth scenaro oil & gas employment would reach a new record share…

Obama " Private Sector Doing Fine"

…by subtracting government consumption from total GDP. But that is not correct. Remember, we do not directly estimate output. Rather the GDP data measures consumption and adjust that for changes…

More on Michigan Voting

…2008. Wealthy, densely populated Oakland county went for Obama by 56% to 42% (660,000 total votes.) Romney crushed Santorum there by 50% to 29%. (116,000 total votes.) Romney tended to…