Only God can save the U.S. economy?

Ruined house in Detroit.
The media, including even FOX Business News, are telling us that the U.S. economy will grow at a rate of 3% this year.
 
But if we do some basic mathematics - which is not quite up to par for the new Common Core curriculum - we can ascertain the following: 
 
   1) the current GNP is about $17,000,000,000,000;
 
   2) the Fed, through Quantitative Easement, is going to print/digitize
        and infuse about $1,000,00,0,000,000 into the economy over the
        coming year, which equals about 6% of this year's GNP;
 
   3) the Federal government is planning to borrow $600,000,000,000
        for the coming fiscal year, which equals about 4% of the current
        GNP.
 
   4) Thus, by Quantitative Easement or by the incurring of additional
        debt, our nation will "generate" an additional 10% into our
        economy. Yet the GNP will only grow by 3%.
 
   5) It seems then, that what we will actually be witnessing is a 7%
        contraction of the economy over the coming year, not a 3%
        growth in the economy. And yet our "experts" call this a recovery.
 
Sadly, in a nation that continues to value virtual reality over real virtue, such basic math does not matter. As long as we can continue to legalize and subsidize vice, the parasites of our society, who vote for a living, will be able harness their resentments to ensure that the government will continue to tax and harass the patriots, who work for a living, to ensure the ongoing increase of the subsidies needed to feed and to expand their addictions.
 
As one bumper sticker put it, "We are so screwed up that we need God as our Savior".  
 
Rev. Thomas Collins is Spero columnist and a Catholic priest in the service of the people of Virginia. 
The views and opinions expressed herein are those of the author only, not of Spero News.
Filed under politics, us, politics, economics, religion, Opinion

Comments

Sister Megan Rice: a merry warrior for peace

Sister Megan Rice broke into the Oak Ridge Lab as a protest against nuclear weapon development.

Phoenix AZ free-speech advocate receives death threats

John Ritzheimer and his group are planning to rally for free speech outside a Phoenix mosque. Ritzheimer has now received "credible" death threats and is in hiding. Feds and police prepare for a confrontation at the mosque that produced 2 terrorists.

The tyranny of false democracies

The Islamic State spreads terror and political docility through its beheadings and rapes. Others clothe themselves with respectability and government to oppress others.

Hillary recalls Republican father after talk with black business women

Hillary Clinton says the discussion she had with African American business women reminded her of the dinner-table conversations when she was growing up.

Phil Collins' Alamo artifacts to be housed at the Alamo

With a life-long passion of Texas Revolutionary history, Collins became the world's largest collector of Alamo artifacts.

The deadly fusion of Nazism and Arab nationalism

During WW2, Nazi leaders encouraged the emergence of Arab nationalism that was paired with anti-Semitism. Arabs served in Hitler's armies, and Iraqi Arabs - with the blessing of the leading Muslim cleric of the region - engaged in a genocide of Jews.

This page took 0.1250seconds to load