WUSA McLaughlin Group October 26, 2014
Forecasts for the coming decade are overly optimistic. Currently the Congressional Budget Office the projects growth of 2. 1 annual over the next ten years. This is 3. 5 growth but not allow enough for professor gordon. He predicts growth will average an anemic 1. 6 over the next ten years. The reasons . The baby boomers xirt the work force and a longterm drop in productivity. New hires will barely replace current workers. A Smaller Labor force and fewer goods being made. As a result, the ratio of the National Debt to gdp will climb to 87 by 2024. Not the 78 in government forecast. Interest ra...
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