Tag: GDP

American Economy at Full Capacity Under Donald Trump

Stronger economic growth in the second and third quarters of 2017, when the economy grew by more than a three percent annualized rate, pushed economic output higher than what the Congressional Budget Office refers to as “potential gross domestic product.”

AP Photo

Trump to NATO: Pay Up

President Donald Trump urged members of the NATO alliance to start paying their fair share Thursday in Brussels, pointing out that their failures were hurting American taxpayers.

Irfan Khan/Los Angeles Times via Getty Images

Claim: Obamacare Repeal Could Hurt California

The Milken Institute School of Public Health at George Washington University has estimated that from a public sector viewpoint, repealing Obamacare would cost the State of California $20.7 billion in federal funding and eliminate 334,000 jobs.

Fear the Low-Productivity Economy of the Future

In fact, one of the worst things about politicized economics is the false promise that politicians know what the ideal economy looks like, never mind having solid plans for getting there. Is the ideal economy one in which everyone’s basic needs are covered? Welcome to the endless grey fog of the collectivist welfare or communist state, which always proves unsustainable and fails to deliver on those promises anyway.