By NICK GOSNELL
Hutch Post
HUTCHINSON, Kan. — Creighton University Economist Ernie Goss is concerned about the increased government spending being made under the auspices of infrastructure improvements.
"They're slipping in, that's both Republicans and Democrats, slipping in a lot of spending that you couldn't get through during a normal period," Goss said. So the size of government is going to get, it is getting much larger. Of course, it would mean that the size of business, the business sector, would get relatively smaller, in terms of the overall economy."
The economy is still growing, though, if businesses can find people.
"We've got an issue with finding and hiring qualified workers," Goss said. "Included in the latest stimulus package, the $1.9 trillion, is $300 add on to those who are unemployed, in other words, take your normal unemployment compensation and add on $300. That's going to incentivize a lot of workers to just stay on the sidelines."
Goss believes the regrowth of the economy is going to happen.
"The Biden administration has set a real low target, that we'll get back by 2022 or 2023," Goss said. "I think we'll be back there well before 2023."
Goss does have a concern about inflation, though and sees that as something the Federal Reserve will need to pay attention to.
CLICK
HERE to
download the Hutch Post mobile app.
CLICK
HERE to
sign up for the daily Hutch Post email news update.