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Thread: Is USA in recession?

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    You's Trollin Pro Leafblower Champion, Helicopter Champion ketaro is making a name for themselves ketaro is making a name for themselves ketaro's Avatar
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    Is USA in recession?

    I have this question for you guys, Is USA in recession mode?. I think it will be in recession mode if the gov't don't stop spending money like crazy, the national debt is hella high it is like billions of dollars that the USA gov't owes to countries like Japan, Germany, China, UK, Australia etc. so what do you think?

    recession= period of time when all businesses start to decline and the GDP of the county starts going down, after recession is depression which is 100 worst than recession.
    Last edited by ketaro; Oct 14, 2005 at 07:56 PM.

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    Angsty Goth Teenager SamuraiDude128 may be famous one day SamuraiDude128 may be famous one day SamuraiDude128's Avatar
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    Re: Is USA in recession?

    What's recession?
    And the debt so far is $7 trillion.

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    Re: Is USA in recession?

    Grumble Grumble Grumble

    The general accepted definition of a economic recession is when there is a negative growth in the economy for three quarters in a row. This has not happened yet... You don't know if your in a recession until your already in one...

    Since by definition, there is no debate about being in a recession, so this thread is being moved into the Cyberlounge...
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    Lady Barronmore Arrianna has become well known Arrianna has become well known Arrianna has become well known Arrianna's Avatar
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    Re: Is USA in recession?

    Quote Originally Posted by ketaro
    I have this question for you guys, Is USA in recession mode?. I think it will be in recession mode if the gov't don't stop spending money like crazy, the national debt is hella high...
    No.

    Chart<--link
    The average GDP is 3%. The last few years have actually seen some record highs.
    First Quarter GDP: Above Average Again<--link

    As for the national debt, it is only 3.6 for 2004 and expected to be 3.5 by the end of 2005. Those numbers are expected to continue to drop until 2009 where the projected deficeit is 1.5 of the GDP.

    Basically there was a recession in 2001 (9/11) but there has been steady and continued growth ever since.
    Committee On Ways and Means<--link, scroll down for charts.

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