Deficit spending is considered part of the GDP. Print a quadrillion dollars and we could have thousands of percent GDP growth! Part of the reason that GDP can be a highly misleading metric. The article alludes to this in a pretty amusing way:
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"The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of better-than-expected business investment and stronger government spending.
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Government spending also helped boost the Q3 estimate, rising 5.5% for the July-through-September period. However, consumer spending saw a downward revision, now rising just 3.6%, compared with 4% in the initial estimate."
GDP is inflation adjusted, so simply printing money won't work unless you also control inflation (although I will say I don't think the inflation calculation necessarily reflects the true value of the dollar).
Inflation from money printing can be lagging compared to the effect on GDP (depending on how the printed money is distributed). Not saying that this is what we have today, just pointing out the possibility.
Not much longer when interest rate payments are well on their way to $1T per year ($659 billion as of October), the bulk of the budget (66%) is non-discretionary and unfunded liabilities are $211T.
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"The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of better-than-expected business investment and stronger government spending.
...
Government spending also helped boost the Q3 estimate, rising 5.5% for the July-through-September period. However, consumer spending saw a downward revision, now rising just 3.6%, compared with 4% in the initial estimate."
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