The US economy has hit a wall.
It’s now three years into a recovery, and a lot of hard work is still needed to get the economy moving again.
But here’s a quick look at what the US needs to accomplish to get it back to health.1.
Invest in infrastructure.
There’s no doubt that the US is not as far along as it should be in terms of infrastructure investments.
But that doesn’t mean the US isn’t heading in the right direction.
The US has a $20 trillion infrastructure deficit, according to the Center for American Progress.
That’s a huge amount of money, and while we’re talking about infrastructure investments, there’s plenty of work to be done in terms a transportation infrastructure.
If we just invest more in rail and water and other infrastructure, we’ll have a long-term advantage over other countries.
The US already spends the most per capita on transportation, according the United Nations.
It should spend less.2.
Start paying down debt.
Debt is a big reason why the US has so much debt.
The Fed’s quantitative easing program was meant to help get the US out of debt.
It hasn’t worked as well as the Fed had hoped.
In the US, household debt has climbed by nearly 60% since 2009, according Reuters.
That means that we’re on the verge of another round of debt defaults.
It also means that the government isn’t spending enough on the US’s crumbling infrastructure.
It needs to step up its spending.3.
Start reducing the cost of living.
The economy needs more workers, and less jobs.
The average worker in the US earns $20,000 less per year than a year ago, according data from the Economic Policy Institute.
The Federal Reserve has been increasing its money supply by buying bonds and buying mortgage-backed securities.
It could use those dollars to help reduce the cost to consumers.4.
Expand Medicaid and Medicare.
The Affordable Care Act expanded Medicaid and paid for it by raising taxes on the wealthy and cutting funding for Medicare.
Now the federal government has to pay for these two programs, too.
There needs to be a more targeted way of funding these programs.
In particular, the government needs to find a way to cover the cost for people who are already on Medicare or Medicaid.5.
Start to pay down the debt of the middle class.
The middle class is going to be the most important group to get rid of debt in the coming decades.
The Pew Research Center estimates that if we only invest in infrastructure and education, the middle-class income growth will be 1.5% annually over the next five years.
The Congressional Budget Office expects the middle to get hit hard.
If you want to see how bad the economy is for middle-income workers, look no further than the Great Recession.