Hopefully we do better than that. But at 1.8% growth, we never really go below 6%. Even if you grow 3%, you're still not getting down to a 3% level of GDP. You literally have to have 4% growth over the next decade for us to dip below 3% in the last three years of this decade. Deficits composed of two parts, revenue and spending. I've had this chart now ever since I arrived in Congress 2011, just to point out, quite honestly, the folly of trying to punish success. (03:57–04:06)
CLAIM
Asserts that 4% economic growth is needed over the next decade to reduce the deficit below 3% of GDP.
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