On the recordDecember 19, 2017
I thank the chairman for yielding. Mr. Speaker, I am going to give everyone a slightly different view. There was an interesting editorial this weekend in The Wall Street Journal, and it basically said: Hey, those on the left look at income inequality. Those on the right, we look at economic expansion, economic growth. They are both honorable, but if you actually look at the data of the last 10 years and our own CBO projections of the next 10 years, 1.8 percent GDP, we are in incredible trouble, because you actually look at what happens when you have this flatlined economic expansion and growth, and income inequality gets dramatically worse. You look at the charts when we have had times of economic growth, it closes and everyone gets a better chance. If you actually do care about the promises we as a government have made to retirees, working people, veterans, young people, we will not have the resources if we continue for the next 30 years, as our own CBO says, of 1.8 percent growth. Status quo is devastating.
