“On Wednesday the Commerce Department announced that first-quarter growth of gross domestic product was a dismal 0.2%. Following fourth-quarter GDP growth in 2014 of an anemic 2.2%, the already sluggish economy has slowed almost to a halt.”
The federal government is not going to achieve a balanced budget through spending cuts and tax increases. Rapid, sustained economic growth is imperative to the United States once again achieving a balanced budget. President Obama and Congress should be working toward enacting a plan for at least 3.5% economic growth or our deficit will continue to rise.
Dismal Growth Needs the 3.5% Solution
