Paying for Economic Growth by Draining Savings and Adding Credit Card Debt
Heritage Foundation Research Fellow Joel Griffith says two-thirds of all current economic growth is driven by consumer spending. "We shouldn't necessarily just cheer on the growth. We need to look at how it is that consumers are spending more. We know that real incomes have declined, yet we are spending more adjusted for inflation," Griffith said. "How are we doing that if real incomes have declined? That is because savings rates have dipped to near all-time lows while credit card debt is at all time highs. In other words, this economic growth is largely illusory, and that is why Joe Biden's poll numbers are so low."
Previous video
Stinchfield: Michael Cohen, From Trump Fixer to Trump FoeNext videoHow The Democrats Are Planning To Rig And Steal The 2024 Election
Stinchfield: Michael Cohen, From Trump Fixer to Trump FoeNext videoHow The Democrats Are Planning To Rig And Steal The 2024 Election
THE RETURN OF STEPHEN K. BANNON!
PRESIDENT TRUMP HOLDS PRESS CONFERENCE AT MAR-A-LAGO
CATCH THE AMERICAN SUNRISE SHOW M-F AT 8AM ET.
CATCH THE LATEST STEVE GRUBER SHOW
WATCH THE LATEST COWBOY LOGIC BARN PARTY SHOW
CATCH THE LATEST AMERICA'S VOICE LIVE SHOW
PRESIDENT TRUMP'S RETURN TO BUTLER, PA
WATCH ON UMBLE
WATCH ON GETTR