To sustained economic growth
The route
Americans have become growth deniers, believing we can no longer achieve a 3 percent-plus economy. After eight years of Obamanomics, many have given up on the American Dream. And recent polls overwhelmingly conclude that younger workers believe they will never have the income or prosperity of their baby-boomer parents.
But tax reform would change that. North Carolina in 2013 reformed taxes and the Tar Heel economy has zoomed.
The average U.S. growth rate from 1820 to 1989 was 4.2 percent, according to most economists, and averaged 3 percent for half of George W. Bush’s presidency. So poor was Mr. Obama’s eight-year “recovery’’ that the economy eked out barely sustainable growth of 1.4 percent.
And in a country where health insurance premiums/ deductibles have quadrupled for many working Americans, less money to spend on consumer goods has weakened GDP to its worst sustained level in history.
All of these leftist policies have disincentivized the desire to find good jobs — mainly because good jobs have become more scarce than an honest politician for the younger population that know only leftist, quagmire economics.
Reversing these policies would get us back to real 3 percent growth that would generate $3.5 trillion in new revenues to reduce the national debt and deficits, and would go a long way in making up for the $4.3 trillion in revenues lost during the feeble Obama years when that debt doubled — years that bore down on his constituents the most by increasing the inequality gap. Unfortunately for his legacy, there is a sad irony — all he achieved was the poor getting poorer, the rich richer. STEPHEN M. SOKOL
Mt. Lebanon