The Center for Freedom and Prosperity Foundation features CATO’s Dan Mitchell in this video on how and why government spending diminishes economic performance:
[youtube]http://www.youtube.com/watch?v=Mo192DJqvYc[/youtube]
Carpe Diem adds this chart from the Joint Economic Committee:
Professor Perry explains:
The graph shows that as the size of government (share of GDP) increases for OECD countries, economic growth (real GDP) suffers. Economic growth is more than 4 times greater (6.6% vs. 1.6%) in the countries with the lowest government spending (<>60%).
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My husband and I have a small business. This administration is killing our business. Big government regulations that have already been implemented have stopped credit to the private sector. This administration has already grown goverment jobs, it is already hurting us. I keep wondering how much they are going to tax us to pay for all the jobs. I heard in Congress one day that once a government job is created, it doesn't go away. We cannot afford more and more government jobs. Government doesn't make any money, they just take from us.
An economy is a terrible thing to waste.
In all fifty States now, according to the latest Gallop Poll, Moderates have the majority. Only in Washington D.C. do the Liberals hold the majority. Fitting is it not?
Hozro
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