WASHINGTON (Gray DC) — The stock market is continuing its bullish run, while unemployment keeps sliding and is now at a 17-year low.
“I think that flows to President Trump, and the policies he’s implemented as the President of the United States,” said Rep. Sean Duffy (R-WI).
Soon, President Trump will renew his call for a billion-dollar infrastructure investment, something he promised last year.
“The time has come for a new program of national rebuilding,” said President Trump at February 2017’s address to a joint session of Congress.
Meanwhile, Virginia Democrat Tim Kaine and South Dakota Republican Mike Rounds are calling for more investment in training America’s workers.
“To have a good economy, you have to have a good workforce,” said Kaine.
“We’re still missing workforce development plans,” said Rounds.
Republicans are banking on the newly signed tax law to spur growth while increasing pay, but one economist says that’s a risky wager.
“If that bet doesn’t pay off, we are going to be in terrible straits,” said Joseph Minarik, who spent eight years as a chief economist in the Clinton administration.
Minarik is worried the economy won’t grow fast enough to pay off the country’s $20 trillion debt.
“I can’t say that it won’t happen, the odds are against it, and if it doesn’t happen, the consequences will be catastrophic,” said Minarik.
Minarik says it’s a warning for legislators in all parties, and is urging them not to add anymore to the debt in exchange for short-term political victories.
As for an infrastructure plan, it’s still unclear how it would be paid for, and whether it will add to the national debt.
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