The Road to Prosperity: How to Grow Our Economy and Revive the American Dream
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"Room To Grow" Blind To The Most Important Issue For The Middle Class -- Economic Growth
Select which cookies you will allow this site to use:. We had only rudimentary versions of cars, trucks, telephones, even cameras. As Stephen Moore and Julian L. As of fewer than 20 percent of homes had air conditioning, a dishwasher, or a microwave oven. Today between 80 and percent of American homes have all of these modern conveniences. Moore and Simon explain that the real difference between and today is that real per capita GDP in the U.
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Such continued, sustained economic growth would solve every real problem America faces today. The U. Note that this 3. Real wages and benefits discussed above is a per worker concept. It was only during the stagflation decade of to , reflecting the same Keynesian economics that President Obama is pursuing today, that real growth fell to only half long term trends. And Obama is falling short of even that, now in our sixth year of his misleadership and misrule, way too long to wait for now long overdue true recovery. If we could revive and sustain that same 3.
After 30 years, our economic output would grow by 2 and two-thirds.
After 40 years, our prosperity bounty would grow by 3 and two-thirds. If we are truly following growth maximizing policies, we could conceivably do even better than we have in the past world dominant though actually declining 40 years. After 30 years, GDP would more than triple.
The Road To Prosperity: How To Grow Our Economy And Revive The American Dream
After 40 years, a generation, total U. America would by then have leapfrogged further generations ahead of the rest of the world. It is also the ultimate solution to poverty, as after a couple of decades or so of such growth, the poor would climb to the same living standards as the middle class of today. Such renewed, booming growth would empower the middle class to the prosperous retirement to which they still aspire, or at least still dream about.
It would greatly ease the way to assuring health care for all, and privately finance the rapid medical advances and breakthroughs that modern medical science now increasingly offers in prospect. Families could more readily fund and finance higher education, and new, expansive homes for growing children. Booming economic growth would produce surging revenues that would make balancing the budget, while still maintaining funding for essential needs, so much more feasible.
Surging GDP would reduce the national debt as a percent of GDP relatively quickly, particularly with balanced budgets not adding any further to the debt.
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That security itself will promote capital investment and economic growth in America. The booming economy will produce new technological marvels that will make our defenses all the more advanced. With the economy rapidly advancing, there will be more than enough funds to clean up and maintain a healthy environment.
Kudlow, Lawrence [WorldCat Identities]
But there is so much more that can be done now to spark a 21st Century economic breakout today. For all of the above reasons, this is the top policy priority of today, by far. The real problem with the book intellectually is that after the third word of the title, what should be Job 1 for the Republican opposition, restoring traditional, American, booming economic growth, and the American Dream, is basically entirely overlooked. Not only does Room to Grow not emphasize economic growth, it scarcely mentions it….
Karen Heller: Book reveals the real Toomey
Only twice…in the context of calling for increasing it, and in those cases, no specifics are given about how this might be accomplished. The first introduction by former Bush speech writer Peter Wehner reflects this problem. In other words, there is no focus either on liberty or making government smaller. It ignores rather than draws upon the good work done by others and successful precedents and strategies.
It is all air brushed, sharply circumscribed, overly cautious and complex, dull colors, rather than the bright flag of bold pastels that inspired a generation of conservative Republican governance. Even some of the authors included in the book have written better elsewhere. Even Boehner has been more inspiring, canny and effective at times than this book.