Discuss Question 3
3. FISCAL KNOWLEDGE: Improved economic growth alone can realistically solve our nation’s long-term fiscal challenges.
ANSWER: False – Even if the economy were to fully recover, it would have to achieve double digit real GDP growth (after inflation) for decades to get us out of our over $62 trillion financial hole. This level has not occurred in the U.S. in the past 70 years, and it is unrealistic to expect it will in the future.