Last Friday we told you that even by the left’s own ideological criteria, President Barack Obama’s trillion dollar spending plan would fail to stimulate the economy because nothing about the massive spending increases in the bill was temporary. This Sunday the Washington Post wrote an editorial essentially agreeing with us: …
For over a year, the federal government has been trying to stimulate the economy using the same Bush/Obama Borrow and Bailout approach. Specifically policymakers have: Increased total federal spending by 11 percent to nearly $3 trillion; Enacted $333 billion in “emergency” spending; Enacted $105 billion in tax rebates; and Pushed …
There are still plenty of terrible economic stimulus ideas coming out of President-elect Barack Obama’s transition team, but there were some encouraging admissions from Obama senior adviser David Axelrod this Sunday on Meet the Press. Asked by NBC’s David Gregory if Obama would break his promise to the American people …
With the endorsement of Federal Reserve Chairman Ben Bernanke and lukewarm support from the White House, Congress appears intent on passing another economic stimulus bill, but before lawmakers rush back to Washington after Election Day, they ought to consider the differences between a good measure that helps the economy and …
There is a lot of information about the national debt, but misconceptions cloud the debate. There are five common misconceptions about the national debt. This video explains them, as well as why they are not accurate guides to measure the debt. Heritage’s Brian Reidl also mentions the real threat to the National Debt – unfunded entitlement …
