Productivity Promotion

With labor productivity growth dismal, here is a to-do list: increase infrastructure spending, improve K-12 education, boost funding for basic research, make our corporate tax structure internationally competitive, encourage the educated and talented to immigrate, reduce regulation and increase corporate competition. Initially, focus where the problems are worst and these policies should be pursued even if the near-term deficit rises. Simultaneously, the growth rate of entitlement spending must be reduced.