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

Ebola aid workers hacked to death in Guinea

A group from the United States, along with journalists and local Guinean officials, were chased down and hacked to death by people in Guinea. A rumor had spread that the aid workers were deliberately infecting Guineans with Ebola.

Book review: Gospel of the Family: Going Beyond Cardinal Kaspers Proposal in the Debate on Marriage, Civil Re-Marriage, and Communion in the Church

As the Catholic Church is about to review marriage practices at an upcoming synod, here is a book that has come at the right time.

Archeologists excavate prison made famous in Count of Monte Cristo

The soil beneath Chateau d'If has never been excavated.

Ebola aid workers hacked to death in Guinea

A group from the United States, along with journalists and local Guinean officials, were chased down and hacked to death by people in Guinea. A rumor had spread that the aid workers were deliberately infecting Guineans with Ebola.

Muslim religious leader refutes Obama's reading of Islam

Imam Anjem Choudary refuted Obama by saying that the Koran teaches 'terrorizing the enemy is in fact part of Islam.' Killing innocents is okay with Choudary.

This page took 0.0977seconds to load