Right now, with growth stuck below 2%, we're toast. With strong growth at 3% or better, there will be jobs. With long-term growth, Medicare, debt and the rest of the horribles that keep worrywarts awake at night are solvable. With strong growth, the U.S. will not have to cede world leadership prematurely to whichever Chinese functionary slugs his way to the top of their heap. With strong growth, your college graduate can move out of the house. With normal American growth, Europe may be irrelevant but it won't die, and a U.S. president won't look oddly small talking to the Vladimir Putins of the world.
http://online.wsj.com/article/SB10001424052702304898704577478762573535618.html?mod=WSJ_Opinion_LEADTop
With enough growth we could probably even pay for Medicare - but therein lies the rub. Can we regain that kind of growth while we're paying for Medicare?
http://online.wsj.com/article/SB10001424052702304898704577478762573535618.html?mod=WSJ_Opinion_LEADTop
With enough growth we could probably even pay for Medicare - but therein lies the rub. Can we regain that kind of growth while we're paying for Medicare?
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