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[quote=Anonymous]I was a STEM major and never had an economics class, so I’m looking for something to make sense of GDP. Specifically, interested in the health of the economy. Maybe the different philosophies at play currently. Something fairly simple to understand. Maybe put in terms analogous to a household?

Is it healthy to have high government spending if the government is just borrowing money? I mean if I make $200k/ and borrow another $100k, I can’t shouldn’t say I made $300k last year, can I?

Should GDP include government spending? Or should government. Spending be a separate metric?

Then, there’s all the spending necessary to maintain friendships with other countries. It is pay to stay friendly, right? If we don’t spend / invest in our friends, they won’t be our friends any longer and will look to others, maybe people we don’t like, for that friendship.

At the end of the day, I’m wondering if we’ve been too optimistic about the health of our economy for the past several years under Biden, and if what Trump is doing will actually lower the interest on our debt.

I need an education on the basics before I can get a better understanding of what is happening. I want to get past the blinkers that just see everything as this side is good and that side bad which we get online and in the media. [/quote]

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