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Growing 'Output Gap' Suggests More Hard Times Ahead

Snarkasterous1 Wrote: Feb 08, 2013 5:12 PM
So we're now all "Entitled" to "healthy housing?" GREAT - another reason for the under-achieving, unmotivated, low-information in our society (that is, the liberals) to contribute little to nothing while believing themselves entitled to a great deal. Yep, that'll work! Just look at all the thriving socialist economies. There's the USSR, Cuba, North, THOSE countries didn't have an "ObaMessiah!" That's the difference! Thanks, liberals, for the damage you've done through your ignorance and smug belief in your moral superiority. - Snark

WASHINGTON -- The Congressional Budget Office (CBO) released a gloomy report this week about the government's debt and the ailing economy. And it's worse than the Obama administration has led us to believe.

The first graph in the CBO's "Budget and Economic Outlook" tells us what most economists already knew, but that the White House refuses to acknowledge: "Economic growth will remain slow this year ..."

By "slow," Congress' nonpartisan forecasting agency means the economy will grow by "just 1.4 percent," which means it's barely moving, stuck in a paralytic trance where relatively few jobs are created and our country slogs along at...