Tag Archives: TrumpEconomy
Donald Trump:“The wall will save hundreds of billions of dollars – many many times what it’s going to cost!”
Visiting California for the first time since assuming the presidency, President Donald Trump has called his wish for a border wall with Mexico a national necessity, as he accused the state of putting the “entire nation at risk” by not dealing with illegal immigration.
“If you don’t have a wall system, we’re not going to have a country”, Mr Trump said.
The President was touring eight wall prototypes, erected near the border in the San Diego area, that stand as the chief concrete progress towards one of his central campaign promises. Congress has so far not allocated the billions of dollars needed to build the larger structure, with the Trump administration seeking $18bn (£12.9bn) for the first phase.
Total economic output in the third quarter was slightly above the maximum sustainable level of output as estimated by the nonpartisan Congressional Budget Office.
This is a measure of the economy’s potential to produce goods and services based on the supply of people working and how productive they are. In downturns actual output drops below potential and slows inflation. In advanced stages of expansions output can exceed potential and cause the economy to overheat.