All these things cost money. So a plains farmer had to grow crops that were in big demand.
VOA: special.2010.04.15
And that kind of approach, I believe, will not grow our economy because the only way to pay for it without either burdening the middle class or blowing up our deficit is to make drastic cuts in things like education, making sure that we are continuing to invest in basic science and research -- all the things that are helping America grow.
Keeping allthings equal, the country would need to grow by 7.7% a year, or nominal bond yields to fall to a Teutonic 0.5% to stabilise government gross debt at its 2011 level of 70% of GDP.