July 29, 2014

Kiwanians Get Scoop on Federal Fiscal Policy

October 20, 2010
The Albany Journal

Excerpt

Simply growing the economy to override the deficit -   – isn’t feasible either, Smith observed. “We would have to grow the economy 10 percent a year for the next 75 years,” Smith said, to achieve that; the average economic growth rate is only about 3 percent annually.

“You have to be an eternal optimist to work with these issues,” Smith commented, adding, “but we can’t put our heads in the sand.”