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"since massive federal payments to corporations and virtually all levels of American society would abruptly cease."

and how large is this, as a percentage of GDP, now?

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Federal payments represent approximately 30% of GDP.

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"Are there absolute limits to McConnell/Trump stupidity? Perhaps that is an existential question". - Professor Wheelock

Abruptly stopping 30% of GDP just might cause more than just a hiccup. (Hat Tip to Bruce C for knowing many more facts than I).

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