Saturday, April 29, 2017

Louis R. Woodhil you are confused

Real Clear Politics,

The author  claims we can grow ourselves out of the debt we see in the top chart. Claims we have typically generated more than 3% of growth many times in the past.
 He fails to notice his own chart on the left where growth starts dropping in 1973 and continues to drop from then on; as the debt rose.

Where is the 3% growth coming from? It looks more like the end of the road to me, skyrocketing debt, very low growth, inability to budget, and soon default.  That is then norm, ponce a generation.

No comments: