Maybe 1 in 8. The American economy remains the envy of the world. Productivity powerful rise Higher standards of living are directly tied to rising productivity of the American worker. Barring a major recession, even larger surpluses are expected for years to come. The Administration talks of saving most of the surplus for the future.
Governments don t save money governments spend money.
Expect a tax cut next year. Unfortunately, it will be with us for the next decade in the courts. The combination of strong U.S. job growth, rising real incomes, high equity prices, and low inflation has contributed to high levels of consumer confidence and strong consumer spending. You can expect more of the same, with spending backing off a bit. A shortage of available workers both skilled and unskilled in many parts of the country, especially the Rocky Mountain and Midwest regions, is a legitimate ongoing constraint to U.S. economic growth.