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Transition to ‘Normal’?

What will be considered "normal" economic growth when the US adjusts to a new equilibrium?

By Doug Duncan  

The current US debate on funding the government and the pending discussion of limits on the federal government’s borrowing authority highlight the focus on what role government should play in private business and in the life of the citizenry. The debate is an offshoot of the country’s emergence from a very deep recession, government spending intended as stimulus, the passage of major legislation on the financial sector, heated discussion about the health care sector, and the longer-term fiscal health of the country. The debate also has much to do with what will be considered “normal” economic growth when the economy…

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