When I was kid there was a comment I dreaded but got too often on too many grade reports to my parents: Not performing up to potential. I hated that. I must say, though, that there times when it did motivate me to do better.
The same comment, not performing up to potential, can easily be applied to the U.S. economy for at least the last 6 years. I really wish it would motivate our economic policymakers to do better, but alas, they seem to be indifferent to the challenges.
For the details of just how much we are under-performing, I give you the Center for Budget Policy Priorities summation of the latest Congressional Budget Agency report on the economy (below the fold): Continue reading