Detailed text transcripts for TV channel - FOXNEWS - 20110427:08:45:00
Remember in the last year public spending growth slowed sharply. public investment fell out right and taxes went up in the beginning of 2010 and further hike in the beginning of this year. so fiscal typing is not something that lies in the future. it has already been with us for awhile. it looks as if the economy is growing not at a spectacular pace, but a tolerable pace in the face of the fiscal tightening. >> is it growing or flat lining -- flat lining? >> the gdp has been flat the last couple quarters. that includes the last two quarters for construction in the last 45 years. you have to tr...
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