The 2.9% growth rate is still down from the previous two quarters in 2017, and is slowing. Rather than tax cuts for the rich, we need investment in #education #research and #infrastructure to create and train for real #jobs of the futurehttps://www.reuters.com/article/us-usa-economy-gdp/u-s-fourth-quarter-growth-slows-to-2-9-percent-consumer-spending-surges-idUSKBN1H41VY …
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Point is that even a steady 3% growth would just barely cover our (current) spending, & would not generate enough tax revenue to invest in projects, R&D, Edu, etc., & pay-down principle on our debt And, projected interest & inflation rate hikes will just keep us in red Need 5%
End of conversation
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What is our real U5 unemployment rate? You can find U1-U6 on internet, but it's conveniently missing U5. Why is our GNP greater & growing faster than GDP?
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Next step should be to move back researcher positions from pharmaceutical firms to the US from Scandinavia and maybe Europe. Too many US pharmaceutical positions are based in Scandinavia, possessed by non-US citizens. More employees in the US means higher GDP growth.
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