Title : 5% Economic Growth In The U.S.?
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5% Economic Growth In The U.S.?
Washington Examiner: Not satisfied with 4% growth, Trump goes for 5%, ‘you ain’t seen nothing yet’
Annual U.S. economic growth never hit 3 percent under former President Barack Obama, so when economic adviser Stephen Moore recently told President Trump that growth under the Republican could hit 4.5 percent, he expected the president to cheer.
“This is happening faster than we even predicted,” Moore recalled telling Trump during a short meet-and-greet at the president’s Mar-a-Lago golf resort in Florida.
But instead of breaking into a happy dance, Moore said Trump “just smiled and said, ‘You ain’t seen nothing yet.’”
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WNU Editor: I am old enough to remember when the U.S. did muster economic growth at 5% .... so this is not a pipe dream. But I am also worried about this .... CBO: US Debt Burden Set to Break Record in Early 2030s (Roll Call). For the U.S. to overcome its debt problems the government needs growth, and employees need real wage gains. The problem is .... and has been .... an unwillingness to reign in spending and pension liabilities.
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