Workers as defense related factories wind down production. It is to allocate an additional 10 million to the office of economic adjustment from the general operations and Maintenance Fund. The office of economic adjustment helps communities across america when a factory shuts down. Over the last decade of war, middleclass factory workers have stepped up to the plate to make sure our troops on the battlefield have the weapons and equipment they needed as we transition away from two long wars and as defense production lines slow down, we cannot leave these workers with only a pink slip in their hands. Thats where the office of economic adjustment comes in. This little known but very Important Office in the pentagon helps communities that would otherwise be devastated when a factory shuts its doors for the last time. The office of economic adjustment provides grants and Technical Assistance to communities so they can develop their own strategies to transition to a postwar economy. Just th
Says Economic Growth forecasts for the coming decade are overly optimistic. Currently the Budget Office projects growth of 2. 1 annually over the next 10 years. This is below 3. 5 growth but not low enough for him. He predicts growths will average 1. 6 over the next 10 years. The reason . The baby boomers exit from had work force and a drop in productivity. Instead of enlarging the labor force new hires will barely replace current worker. A Smaller Labor force and productivity, and fewer goods being made. The National Debt will climb to 87 by 2024. Not the 78 in forecasts. Interest rates will have to rise sooner and higher to finance that debt. His forecast has alarmed him. If he is right, this could be our next nasty economic surprise. The prospect now is for years of modest, or in europe non existent growth. How will systems cope . Will warfare intensify as they battle for bigger shares of the pie . Will conflicts worsen . Prolong sluggishness will turn the economy into a zero sum ga
Says Economic Growth forecasts for the coming decade are overly optimistic. Currently the Budget Office projects growth of 2. 1 annually over the next 10 years. This is below 3. 5 growth but not low enough for him. He predicts growths will average 1. 6 over the next 10 years. The reason . The baby boomers exit from had work force and a drop in productivity. Instead of enlarging the labor force new hires will barely replace current worker. A Smaller Labor force and productivity, and fewer goods being made. The National Debt will climb to 87 by 2024. Not the 78 in forecasts. Interest rates will have to rise sooner and higher to finance that debt. His forecast has alarmed him. If he is right, this could be our next nasty economic surprise. The prospect now is for years of modest, or in europe non existent growth. How will systems cope . Will warfare intensify as they battle for bigger shares of the pie . Will conflicts worsen . Prolong sluggishness will turn the economy into a zero sum ga
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