WASHINGTON, D.C. – Interest rates are at historical lows, for the fourth year in a row. The federal deficit is at or above $1 trillion, for the fourth year in a row. The economy is growing at the rate of 1.8% a year. Unemployment is 7.6% … and that’s not counting an undetermined number of Americans who have given up looking for work, out of lack of success.
But if you think the economy is not coming back, you’d be mistaken. Growth is back. Even if long-term economic challenges are stout, in the estimate of Mary John Miller, Under Secretary for Domestic Finance in the U.S. Department of the Treasury.