The Financial Growth Future We Truly Face

From the end of World War II to 2007, the U.S. averaged financial growth of about 3.2% a year’ That means it would double about every 22 years.

This time it’s different. The real current GDP is running under 2% a year. But to keep America’s growth on its historical path and maintain a viable middle class, we need growth of well over 4% a year average GDP, significantly more to wipe out the huge budget deficit.The latter debt will actually dampen GDP prospects. (See the Earl J Weinreb NewsHole® comments.)

From the end of World War II to 2007, the U.S. averaged financial growth of about 3.2% a year’ That means it would double sbout every 22 years.
This time it’s different. The real current GDP is running under 2% a year. But to keep America’s growth on its historical path and maintain a viable middle class, we need gowth of well over 4% a year average GDP.significantly more to wipe out the huge budget deficit.The latter debt will actually dampen GDP prospects. (See the Earl J Weinreb NewsHole® comments.)