Democrats are planning to push “Job Creation” this election season. Yeah, we’ve heard that one before. Right before the massive, do-nothing stimulus package was passed. The same stimulus package that now has to be paid for–with job-killing tax hikes. Yet Democrats are poised to make this election about jobs: A retooled jobs initiative, which Majority Leader Steny H. Hoyer (Md.) on Tuesday dubbed the “Make | Read More »
John Maynard Keynes is credited with the idea that if the government spends more money, it will put more money into the economy and create economic growth. This would, in turn, help to maintain full employment. Indeed, any economist could tell you that a greater supply of capital will lead to more investment in new enterprise, which in turn requires more workers. This is the | Read More »
Despite the President’s “Fiscal Responsibility” Summit, the new spending bill before the House contains more than 9,000 earmarks. Indeed, as the President gives lip-service to fiscal responsibility and “pay-as-you-go” budgeting, his allies in the House have now planned to spend more than $1 trillion on discretionary spending. Certainly, Republicans are just as guilty of “Congressionally Directed Spending” as Democrats, but with Mr. Obama going on | Read More »
President Obama had the audacity to say that only the government could end this recession. It is absolutely true that we cannot depend on government alone to create jobs or economic growth. That is and must be the role of the private sector. But at this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left | Read More »
I love form letters. If you couldn’t tell from the italicized wording, I’m being terribly sarcastic. There is nothing I hate more than getting a form response from someone, especially when the issue is important. I realize my Congressman and Senators are busy people and probably don’t have time to read much of anything that comes in. What a form letter shows, however, is just | Read More »
One of my favorite things to watch over and over on DVD is “Band of Brothers,” the HBO miniseries about Easy Company, 506th PIR, 101st Airborne Division, in World War II. My favorite episode of the series, “Crossroads,” shows the period between Operation Market Garden, the airborne assault on Holland, and the siege at Bastogne. Late in the episode, as the 101st dutifully marches into | Read More »
The incoming Presidential Administration and the new Congress appear set to spend hundreds of billions of dollars on new government programs, physical infrastructure and “relief” for those affected by the recent economic downturn. They plan to do this through deficit spending, requiring them to sell bonds and, perhaps eventually, raise taxes. The underlying concept is the Keyensian-based idea that if government spends enough money it | Read More »
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