We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.

Summary

In this quote, the speaker points out that there has been a significant expenditure of resources (bullets) in the past, and yet people still discuss the need for economic stimulus. The speaker acknowledges that the current federal deficit, amounting to 9 percent of the Gross Domestic Product (GDP), is itself a form of stimulation. The speaker further emphasizes that this level of stimulus exceeds any policy implemented since World War II. Thus, the quote implies that despite ongoing discussions, there is already a significant economic boost in place due to the federal deficit.

Topics