U.S. economic Disappointment II.

• Position: Off the News

The Congressional Budget Office has estimated that the U.S. economy over the next decade will grow by a low 2.3 percent. From 1790 to 2014, U.S. GDP in real dollars grew at an average annual rate of 3.73 percent. Had America grown at the low rate of 2.3 percent for its entire history, GDP today would be $780 billion instead of more than $18 trillion. GDP per capita would be $2,433, lower than Papua New...