What is this fixation with GDP?

If it were NDP (Net Domestic Product) I would be less concerned. But when you have companies like Ford Motor Company contributing hundreds of billions of dollars to the GDP, yet running at a net loss of tens of billions of dollars, that doesn't go very far towards fixing the debt problem.

Why would the average family care what the GDP is when, in the end, their grandchildren will be footing the $80,000+ bill that is their share of the debt?

If I were, say, a doctor running a clinic where my expenses (staff, rent, malpractice insurance, etc.) came to $350,000 a year, could I buy that new Cadillac because my Gross Income was a very healthy $325,000 a year?

Sure, our GDP is high, because we're doing it on borrowed money. We've lived high on the hog for decades on other people's money, and now it's time to pay the piper.

tanstaafl.