PRESIDENT TRUMP – PLEASE AIM HIGHER!
What changes in government policy should be made to achieve an annual average of 4 percent economic growth?
That is the question President Trump and his team should be asking, if they are serious about achieving a lower deficit while increasing spending on defense and the infrastructure.
The Congressional Budget Office and many private economists are forecasting only a little over 2 percent growth (a bit higher than the recent past), and the president has said he hopes to achieve 3 percent — which is too little for the president to achieve his goals.
Is 4 percent growth per year achievable? An average of more than 4 percent growth was achieved during the last seven years of the Reagan administration and during the last term of the Clinton administration.
Like now, in both cases, many in the economic and political establishment claimed that such growth rates were not possible. They were wrong then and are now. Here is why 4 percent is possible and how to achieve it.













