If you have 3% growth, notice it doesn't bend the deficit curve down. Flattens it out a little bit. Doesn't bend it down. Go to the next chart. This is 4% growth. Now we're finally bending the deficit curve down. But we're not even close to balance. By the end of the decade, you're still at $1.4 trillion. Here's my solution that I recommended, starting with the column in the Wall Street Journal January 1st of last year. (08:00–08:05)
CLAIM
Asserts that 4% economic growth begins to reduce the deficit.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
