While I'm here I'll just leave this for future reference. The Trump shutdown will delay GDP figures but it looks like GDP cracked three percent for the first time in a long time.
However. This is fifty percent due to a gigantic tax cut, eighty five percent of which went to the wealthy and fifty percent because of increased government spending. The increased spending and the decreased revenue (remember all those experts claiming the tax cut would pay for itself) have created an ongoing yearly trillion dollar deficit during an economic expansion. During the next recession the deficit could hit two teillion a year.
Some light reading:
A stark pickup in government spending, particularly in defense, has helped fuel a broad acceleration in U.S. economic growth in the past year and a half, according to a Wall Street Journal analysis of Commerce Department data.
The U.S. economy has expanded at a 2.9% annual rate since April of 2017, according to the Commerce Department’s tabulations of the nation’s gross domestic product, or output. That growth rate is faster than the 2.2% annual growth rate between mid-2009—when the expansion started—and April 2017.
Faster government spending accounted for nearly half of the acceleration, according to The Wall Street Journal analysis.
The Commerce Department breaks down various contributors to economic growth, including government spending, business investment, consumer outlays and exports.