Hospitals & Asylums
$6.4 Trillion US GDP HA-7-8-05
(A) Although the CIA World Fact Book declares for the USA
a per capita income of $40,100 the US Census Bureau declares a per capita
income of only $21,587. This yields a
GDP of only $6.4 trillion rather than $11.75 trillion reported by the CIA World
Fact Book and Office of Management and Budget.
The World Health Organization has attempted to arbitrate this dispute
and has arrived at the per capita income for the USA
of $36,056. WHO however uses an undisclosed
international dollar. The failure to
levy the optimistic tax revenues of $2 trillion despite unprecedented pillaging
of corporations further reinforces the fact that the US economy is not only
being mismanaged by a fool, but is being overestimated.
(B) The 40% devaluation of the dollar against the Euro since
2003 further reinforces the importance of the revised GDP of the US.
The Federal Government must recognize
their actual GDP in the CIA World Fact Book and Tables of the Office of
Management and Budget so that they and economic analysts can plan their
taxation and expenditures accordingly. Whereas there is obviously some fraudulent
sort of accounting of securities it is acceptable to continue accounting using
the old fashion method that is misleading our planners however a new column
tabulating the actual, taxable, GDP, of US citizens must be devised. The fraudulent accounting harms the
administration as well as the taxation because a lot of money is being invested
in ways that do not improve the quality of life in the same way the GDP is
being accounted for.
(C) The issue of the US GDP obviously requires study because
it is so important to governance and the economy as a whole and it is the
largest financial dispute in the world. We
need to know the facts for planning the national economy. The motivating factor for this discovery is
in order to declare that the US
will contribute 0.7% of their GDP to international development by 2007 - $45
billion. According to this revised GDP
the US government
shall contribute 0.5% this 2005 with their $35 billion contribution.
(D) The US
Census Bureau, Department of Treasury, Finance and Foreign Relations Committees,
CIA World Fact Book, Security Exchange Commission, Federal Reserve, economists
of all sorts, and the UN Economic and Social Council are called upon to answer
the question, “What is the real US GDP?”
(1) CIA World Fact Book.
USA. GDP
$11.75 trillion. Per capita $40,100 http://www.cia.gov/cia/publications/factbook/geos/us.html
(2) US
Census Bureau. Quick Facts. Per Capita Money Income 1999. $21,587. http://quickfacts.census.gov/qfd/states/01000.html
(3) WHO. USA.
Per capita GDP. $36,056. http://www.who.int/countries/usa/en/
(4) CIA World Fact Book. European Union. GDP $11.65
trillion. Per capita $26,900. http://www.cia.gov/cia/publications/factbook/geos/ee.html