Understanding the deficit: the deficit is a function of trade balance

[FogerRox]

6. I must respectfully partially disagree

GDP is relaint on Productivity, energy, resources and population growth. The days of 6,8,10,12% growth are long gone. Most Keynesians agree 3 to 3.5% growth in GDP is all we can expect over 15 to 20 years.

Raising the median wage is fine by itself, but its no longer 1950 when America made everythying. Wage tends to occur when unemployment is held under 5% for an extended period of time. We have 23 million Americans who would take a full time yr rnd job if offered, to create 23 million jobs requires investment. The tax policies which incentivized domestic investment are long gone, we no longer spend 5% of GDP on infrastructure, we spend 2%.

Heres another take, wage growth could be flat, which serious job creation, and a tax policy that doesnt tax working and middle class familes out of the economy. It would require walking a fine line with policy, but should be doable.

Seeing real wage growth, enough to make the US the highest wage country in the world may not be the answer. But we do need to find a balance, job creation, middle class viability- etc.