U.S. Has Record 12th Straight Year Without 3% Growth in GDP

CNS News reports:

The United States has gone a record 12 straight years without 3-percent growth in real Gross Domestic Product, according to data released today by the Bureau of Economic Analysis.

Even so, growth in real GDP improved in 2017 compared to 2016.

“Real GDP increased 2.3 percent in 2017 (that is, from the 2016 annual level to the 2017 annual level), compared with an increase of 1.5 percent in 2016,” said BEA.

The BEA has calculated GDP for each year since 1929 and the growth in real (inflation-adjusted) GDP for each year since 1930.

In the 88 years for which the BEA has calculated the annual growth in real GDP (1930 through 2017), the period from 2006 through 2017 is the only twelve-year period in which real GDP did not grow by at least 3 percent in any year.

What better proof government spending doesn't increase economic growth???