Wednesday, March 11, 2009

A Tax, Borrow, and Spend Approach Won’t Fix the Economy

From Aframnews.com

The Stimulus bill was merely the beginning. We will soon have to consider the $1 trillion budget, including a $634 billion “down payment” on the Administration’s universal health care plan. On the horizon lies the Administration’s housing plan, which will reportedly cost upwards of $250 billion. And in the coming months, the White House will likely ask for another $1 to $2 trillion to shore up the financial sector.

I, along with so many Americans, am in sticker shock over the trillions of dollars at play in these efforts. Congress should pause and consider the consequence of every dollar we tax, borrow, or spend. Will these policies spur growth? Will they create jobs? Will they protect American families and small businesses? If not, the President must step back and reconsider these initiatives before it is too late.

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