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. . . He said an aging workforce and sluggish productivity growth were factors, but also raised concerns about the nation’s trillion-dollar budget deficit.

“The stimulus from increasing debt to GDP, which this recent legislation did, can turn into a headwind because we think we are on an unsustainable rate of debt growth in the United States,” he said. . . .

quote:

Originally posted by Scoutmaster:

quote:

. . . He said an aging workforce and sluggish productivity growth were factors, but also raised concerns about the nation’s trillion-dollar budget deficit.

“The stimulus from increasing debt to GDP, which this recent legislation did, can turn into a headwind because we think we are on an unsustainable rate of debt growth in the United States,” he said. . . .

A portent of stormy weather -- aging workforce, sluggish productivity, increasing debt/deficits. I might add an increasing portion of the population who rely on/demand from the gov't for their daily bread.

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But all the pols keep spending and borrowing. No one will challenge the spending juggernaut. I can't blame them, in a way, as the voters have proven time after time that every voter's and every party's sacred spending cows cannot be touched without losing office.