Will the Stimulus plan currently proposed by Congress actually create jobs? The short answer is no. The longer answer is the government cannot create jobs; the government can only transfer or redistribute jobs. As Heritage Senior Budget Analyst Brian Riedl says, “[B]efore the government can spend $1 billion hiring road …
Tax reform, not reckless government spending, is the way to revive the ailing U.S. economy. American entrepreneurs and businesses carry heavy taxes on their backs as they compete in the global marketplace, from India to China and Canada to Russia. Other nations followed the U.S. example in 1986 by cutting …
Bill Beach, director of Heritage’s Center for Data Analysis, explains that aggressive tax relief would create or protect 3 million jobs between 2009-2011. [youtube]http://www.youtube.com/watch?v=Z7TBbOr6BWA[/youtube] Further reading: Any Stimulus Legislation Must Include Budget Reforms to Address Long-Term Challenges Economic Recovery: How Best to End the Recession Economic Stimulus: Dos and Don’ts
Heritage’s Brian Riedl appeared on C-SPAN’s “Washington Journal” this morning to debate Center for American Progress fellow James Kvaal about President-elect Barack Obama’s spending stimulus. Check out Riedl’s Wall Street Journal op-ed to understanding why government spending won’t stimulate the economy. [youtube]http://www.youtube.com/watch?v=m9sHyQ_IRt4[/youtube]
The Russian government is aggressively exploiting the current economic downturn to step up its grip over the economy and actually nationalize most of the lucrative industries. The past week saw new examples of this trend. President Dmitry Medvedev endorsed a new business bailout fund to provide direct financial assistance to …
He or she is at it again. An electronic circular, originating elsewhere at Heritage and signed only “A Conservative,” marks Thanksgiving by recalling the Pilgrims’ fleeting flirtation with socialism 387 years ago — whilst establishing Plymouth Colony under William Bradford’s leadership. (“A Conservative” last week e-circulated thoughts on how the Electoral College benefits an …
