Source: The Wall Street Journal
America’s economy is in the doldrums again. Economic growth is weak—just 1.8% a year in the last quarter. Government spending is increasing—to a projected 25.3% of gross domestic product this year from 20.7% in 2008—while revenues are down to 14.4% of GDP from 17.5% in 2008.
Our nation obviously needs much stronger economic growth, and we need it now. To create new jobs and get America growing again, we have to unleash the economic engine of the business community, and that requires lower tax rates, less regulation and uncertainty, free trade rather than protectionism, and lower energy costs.
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