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:
Post a Comment