Oh definitely. Interest on debt counts as GDP by the US metrics. More debt = more interest = higher GDP. It’s why one of the biggest contributors to GDP is the financial sector. The government has a vested interest in keeping as many people under as much debt as possible because it helps their donors make more money and helps “the economy” line go up . This is definitely just more of the same.
Oh definitely. Interest on debt counts as GDP by the US metrics. More debt = more interest = higher GDP. It’s why one of the biggest contributors to GDP is the financial sector. The government has a vested interest in keeping as many people under as much debt as possible because it helps their donors make more money and helps “the economy” line go up . This is definitely just more of the same.