Federal withholding taxes were up in October 6.7% year over year, so about half that in inflation adjusted terms. SS and Medicare withholdings for the month were up 4.2% YOY. This is growth as the definition of growth is applied in the mainstream. It might not be enough and let’s face it, growth will not save us, but there it is. There is growth at the moment. Sustainable is another matter. How? Mainly by ‘stimulus’.
How, why, for how long or the very nature of said growth are not the first issue issue at hand here. Those are the back story. I mean no ill will but Illargi should be more circumspect in declaring there is no growth in the US.
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