We could have done a lot of good things with the $830 billion that was flushed down the toilet through the 2009 stimulus. That money could have been used to permanently transform our entitlement programs to free-market personal ownership accounts. It could have been used for massive pro-growth tax cuts. Instead, it was used to grow perennial dependency and for special interest handouts. But all of the supercilious smart economists say that it helps stimulate the economy, right? After all, it is called stimulus.
Well, earlier today, CBO Director Doug Elmendorf admitted to Senator Sessions that in the long run the stimulus will shrink the economy. He testified at a Senate Budget Committee hearing that the stimulus will indeed “be a drag on GDP” over the next ten years. Any diligent student of history already knew that, but now we have the “gold standard” of budget and economic scoring to affirm that self-evident truth. Nevertheless, fear not, the stimulus will have a stimulating effect in the short-term. That’s why we are enjoying a robust annual average GDP growth of…..1.4%.
Share on Facebook 1 1 SHARES Here’s another healthy reminder that the real war on women does not occur anywhere in America. Not even at the hands of Donald Trump. Pakistan is considering a measure that would allow husbands to beat their wives “lightly,” – which, if enforced, would actually be a huge step in the right direction. Of course, this was in response to | Read More »
Share on Facebook 1 1 SHARES The 2016 election cycle has taught us a lot about ambition, celebrity, substance, and policy. Elections shouldn’t be taken lightly nor treated as a reality show. Increasingly, though, they feel like these things. This week when I mentioned my #NeverTrump stance on social media, someone responded by chastising me for choosing conservative principle over party. They even said “Good | Read More »
Share on Facebook 1 1 SHARES National Moment of Remembrance – Memorial Day, 3pm local time The first unofficial National Moment of Remembrance was Memorial Day, May 1997 at 3pm. “Taps” was heard by Americans across the country on radio and television stations as a reminder not to forget the men and women who committed themselves with their lives to protect and defend our borders | Read More »
Share on Facebook 1 1 SHARES Well, here’s yet another thing that many people criticized Obama for doing but will doubtless call Trump a genius for doing the exact same thing. Trump feels that his acceptance speech for the nomination should be a much bigger deal than a typical convention hall speech. So he is going to try to book the Cleveland Browns’ stadium for | Read More »