Debt Spending Stimulus Not The Answer
Written by on June 22, 2010, 01:45 PM
For nearly a year, the national unemployment rate has been stuck at just under ten percent—fully twice the rate in 2006 when Nancy Pelosi and the other liberals in Congress swept into power.
Some commentators and economists have even taken to calling unemployment rates like this “the new normal,” but there is nothing “normal” about the devastating effect of this level of unemployment on individuals, families, and communities.
This Congress has spent trillions of dollars on “stimulus” programs that have in reality stimulated nothing except the national debt. The only impact of these programs? The children and grandchildren of the men and women who are struggling today to find work are likely to face the same struggle as the country they inherit wrestles with the legacy of the irresponsible policies of the last few years.
Runaway spending and ever-higher taxes will soon put our country irreversibly on the road to the kind of economic paralysis that has been all too familiar in Europe since the nineteen-sixties.
I believe that it is not too late. The shadows may seem long as we consider the millions of unemployed, a skittish stock market, and a series of financial crises sparked by countries that have largely followed the same economic policies as this Administration: runaway deficit spending, a massive expansion of the role of government, and higher taxes.
A pro-growth agenda in Washington can still turn things around and rekindle the economy opportunity that has always been one of America’s touchstones. I am running for Congress for work for just that, and I hope that I can count on your support in the months between now and November 2.
Some commentators and economists have even taken to calling unemployment rates like this “the new normal,” but there is nothing “normal” about the devastating effect of this level of unemployment on individuals, families, and communities.
This Congress has spent trillions of dollars on “stimulus” programs that have in reality stimulated nothing except the national debt. The only impact of these programs? The children and grandchildren of the men and women who are struggling today to find work are likely to face the same struggle as the country they inherit wrestles with the legacy of the irresponsible policies of the last few years.
Runaway spending and ever-higher taxes will soon put our country irreversibly on the road to the kind of economic paralysis that has been all too familiar in Europe since the nineteen-sixties.
I believe that it is not too late. The shadows may seem long as we consider the millions of unemployed, a skittish stock market, and a series of financial crises sparked by countries that have largely followed the same economic policies as this Administration: runaway deficit spending, a massive expansion of the role of government, and higher taxes.
A pro-growth agenda in Washington can still turn things around and rekindle the economy opportunity that has always been one of America’s touchstones. I am running for Congress for work for just that, and I hope that I can count on your support in the months between now and November 2.
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Founder’s Corner
"If Congress can do whatever in their discretion can be done by money, and will promote the general welfare, the Government is no longer a limited one possessing enumerated powers, but an indefinite one subject to particular exceptions."
-James Madison
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"In this present crisis, government is not the solution to our problem; government is the problem."
Congressional Corner
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