Posted on 01/24/2017 7:33:13 AM PST by Olog-hai
Congressional analysts Tuesday projected that President Donald Trump has inherited a stable economy and a government that is on track to run a $559 billion budget deficit for the ongoing budget year.
The new estimates from the nonpartisan Congressional Budget Office say the economy will hold relatively steady, with economic growth rising slightly to 2.3 percent this year and unemployment averaging less than 5 percent for the duration of Trump’s term.
Trump is promising higher growth as his administration curbs regulations, overhauls the tax code, and repeals the Affordable Care Act, former President Barack Obama’s signature accomplishment. …
(Excerpt) Read more at hosted.ap.org ...
By stable, they mean ‘no growth’. Because if the economy was growing, it by definition, would not qualify as being ‘stable’.
The economy is teetering, hopefully President Trump can right it.
We’ll see who gets blamed when the next housing crash happens ... and it’s just a couple of years down the road.
Stable economy?? Not a yuge fan of Pres. Trump but I see him reacting to this report in the same way that Patton reacted to reports that “We are holding our position.”
I found some caveats in there.
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