Well, This Is Depressing

In his 1995 book To Renew America, Newt Gingrich wrote:

The power of economic growth was driven home to me by a study that suggested that a 1 percent increase in our economic growth rate would shrink the federal deficit by $640 billion over the next seven years, would increase federal tax revenues by $716 billion without a tax increase, and that each and every adult citizen would earn $9,600 more than they would in the current growth projection.

In this world of merely 1 percent higher growth, the Social Security Trust Fund never runs out of money....