Yesterday the government released a relatively robust 2.8% growth rate for the last quarter, but our friends at the Committee to Unleash Prosperity have looked under the hood and noted that the majority of the overall spending that is propping up the growth rate is government spending rather than private sector investment or consumer spending. This is the economic equivalent of a sugar high. And all this government spending is aggravating the growing debt overhang.
Oh, and don’t look now but job openings are trending down:
