In response to:

Barack Obama’s $8 Trillion Output Gap

NewJAl Wrote: Apr 21, 2013 7:58 AM
I believe all this, and believe Obama, when he says he wants to take from those that have, and is buying the vote of those that have not. It matters to him not one whit why they have not. Truly needy and those made needy or just parasites and criminals are all tools. On the other hand, we have people like Ben Carson, who are the ones truly using that now tritely voiced approach of 'speaking truth to power'. He tells it like it is. Obama lies. Those that take Obama's approach have left us Detroit, Greece and every other area of wreckage, and deftly point at some scapegoat, when they are the cause.

I’m not a very exciting guy. It’s Saturday afternoon and I’m perusing the Budget and Economic Outlook from the Congressional Budget Office.

But sometimes it pays to be a nerd because I just found an interesting tidbit of information. Here’s what CBO says about the anemic economic output we’re experiencing compared to the growth we should be enjoying.

…output is likely to remain below its potential (or maximum sustainable) level until 2017—almost a decade after the recession started in December 2007. CBO estimates that real GDP in the fourth quarter of 2012 was below its potential...