Faster economic growth, doubtless, would make deficits far easier to contain. But faster economic growth alone is not likely to be the full solution to currently projected long-term deficits.
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While these forms of protection have often been imposed under the label of promoting so-called 'fair trade,' oftentimes they are just simple guises for inhibiting competition.Alan Greenspan
some drop-off in those earnings from Asia in the period ahead. In addition, there will be indirect effects on the U. S. real economy.
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there are mechanisms in place that should help to slow the growth of spending to a pace more consistent with that of potential output growth.
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But it is clear that, for the time being at least, the increase in spending on consumer goods and houses has come down several notches, albeit from very high levels.
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He has been one of the most effective secretaries of the Treasury in this nation's history,
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There is a palpable unease that businesses and jobs are being drained from the United States, with potentially adverse long-run implications for unemployment and the standard of living of the average American,
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