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Government Spending Doesn’t Create Jobs

By: Aaron Gardner (Diary)  |  September 7th, 2011 at 04:45 PM  | 

RESIZE: AAA

As we all await President Obama’s new plan, which will be the same as the old plan, in tomorrow night’s speech to a joint session of Congress, it would behoove us to take a few minutes to watch the video below from the Cato Institute.

There are some truly stunning, and truly disgusting, figures presented in that short video. The one that disgust me the most is the fact that 14% of our nation’s GDP is spent on regulatory compliance. A burden that is put mostly on the backs of those who create the most jobs in America, namely small businesses.

Cato advises three measures to help correct this problem and get job creators once again creating jobs.

1. Cut Spending by 20%

2. No Further Tax Increases

3. Freeze All New Regulations [until they have gone through a full cost/benefit analysis.]


Count me as on the side of those looking to create wealth rather than those looking to create busy work for a bunch of union shops bitterly clinging to their spoons*.

Aaron B. Gardner

* You have a nice day Mr Hoffa. You vile beast.

COMMENTS

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  • Tbone

    to reduce their regulations’ page count by 20% prior to adopting any new regulations. That should busy them for years running against the wind, figuring what to leave in, what to leave out .

  • acat

    The size of the combined federal laws, regulations, guidelines, and {blah blah blah} shall not exceed X gigabytes. Uncompressed. In raw ASCII text. Period.

    Mew

  • Tbone

    By example we could have a huge jobs boost if Obama would spend 44 cents for a stamp and send in his resignation, with a copy of Biden’s resignation enclosed, that 44 cents would work wonders.

  • dvdmsr

    The trend of increasing the proportion of government spending to GNP risks placing us on a road to (a command economy, more central planning, inefficiency, high unemployement, inflation, and) serfdom. They say the path to hell is paved with good intentions

  • gb4me

    Unfortunately there are so many fiefdoms, getting any cuts to the burdens of regulations will be as difficult as trying to remove Obumma from the presidency. Each regulation has spawned more and more care takers and they intern want more helpers to ensure the rules are followed. ad infinitum

  • cmrc

    What we might hear Thursday:

  • keysconservative

    talk of ‘spoon ready jobs’.

  • publious

    If government spending created wealth, then we should spend 2 trillion (too easy and it doesn’t work). Lower tax rates and broaden the base, shorten depn schedules, eliminate burndensome regs, and over time things will improve. Unfortunately, we have placed agitators it positions of power in our gov’t and they will never implement such policies. While on the web, I found this vid by the Fugs.

    The Fugs were an underground garage band in the 1960s. I don’t think they had this in mind for their nihilistic song, but somehow it fits.

    http://www.youtube.com/watch?v=UM2MzlKURW8

  • http://www.timelyrenewed.com timelyrenewed

    If the federal government really wants to promote job growth, how about an across-the-board exemption from all federal regulations for the real innovators and job creators – small business? Because federal regulations are designed for big companies, “one-size-fits-all” national regulations impose far higher compliance costs per employee on small businesses than on big business. Let’s follow the original meaning of the Constitution

  • dwscho

    The video is compelling and is relatively simple, easy to grasp presentation. It’s beauty is in its simplicity as they say. However, the CATO Institute will have to dumb it down some more for Obama and the liberals to grasp. It’s presented at a level of comprehension for the average person to grasp, but that’s still way to high for the left.