Sue Jeffers The failure of the stimulus was a failure of the neo-Keynesian belief that economies can be jolted into action by a wave of government spending. In fact, people are smart enough to realize that every dollar poured into the economy via government spending must eventually be taken out of the productive economy in the form of taxes. The way to jolt an economy to life and to sustain long-term growth is to create more incentives for people to work, save and invest. Lets hope Washingtons next stimulus plan is aimed at reducing the tax and regulatory burden on American job creators.
Posted on: Tue, 18 Feb 2014 03:45:06 +0000
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