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September 2011

Proper Policy and Economic Growth

As indicated in a previous blog post entitled “Why the U.S. Can’t Grow Its Way Out Of Its Budget Jam”, http://www.forbes.com/sites/greatspeculations/2011/09/06/why-the-u-s-cant-grow-its-way-out-of-its-budget-jam/2/ , if GDP growth is as slow as PIMCO’s “new normal” would indicate, then even if the Congress could muster the ‘political courage’ to fix the budget and entitlement issues, lack of growth will trump that effort.  The first issue is that we have a government that doesn’t understand …Read More

The “New Normal” May Trump Political Courage

There are two huge issues facing the American economy today.  The first is a government that doesn’t understand why the economy isn’t growing, and, in fact, promotes policies that inhibit such growth, such as overregulation, interference, and the deployment of more debt as the answer.  The second issue is that inability to grow.  The two issues are closely related. Despite Promises, Federal Spending is Out of Control In looking at …Read More