It needs contributions from education, from the development finance institutions, from the private sector, and from many other players. Our emphasis on growth as a team sport, however, does not crowd out our concern for the specific growth problem we can address, which is weak demand. Right now, demand has been badly damaged by the coronavirus lockdowns.
The Administration and the Congress can make a valuable contribution to the prospects for the growth of the economy by taking measures to restore this discipline and return the federal budget over time to a posture that is supportive of long-term economic growth. To sum up, the U.S. economy has confronted very significant challenges over the past year or so.