It is possible to grow your way out of deficits, but you need really strong growth over a sustained period of time to do it. So far so good, but we have a long way to go

Filled with confidence in Trump economy, consumers opened Q3 with robust spending

By Dan Calabrese —— Bio and Archives--August 16, 2018

American Politics, News | Comments | Back To Full Article

The media are trying pretty hard to convince you the Trump economy isn’t as good as the evidence says it is. They want you to ignore GDP growth and focus on “wage stagnation,” even though wages aren’t as much an indication of overall prosperity as they are the state of the labor market and its ability to be productive. Also, “wages” are only one measure of how much people are earning, and it’s an increasingly anachronistic measure given the changing state of the economy.

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