Government spending doesn’t grow the economy

Tue, 03/20/2012 - 3:02pm | posted by Jason Pye

We’ve been constantly told by Barack Obama and his apologists in Congress that government spending is good to get the economy growing again. It’s not. In fact, as Ramesh Ponnuru notes, that the 2009 stimulus bill really only grew the national debt, not the economy.

But in a new video from Economic Freedom, Professor Antony Davies of Duquesne University explains the reason why so-called “stimulus” spending only contracts the economy by taking dollars away, either by borrowing or taxing, from the private sector and individuals:

  • 878 reads
  • Tagged: Borrowing budget deficit contraction Economy national debt Ramesh Ponnuru recession Spending stimulus Stimulus Bill Taxes

I absolutely concur!

Larry Walker Jr's picture
Larry Walker Jr on Tue, 03/20/2012 - 9:41pm.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Allowed HTML tags: <h2> <h3> <h4> <h5> <u> <p> <br> <a> <em> <strong> <cite> <code> <pre> <ul> <ol> <li> <dl> <dt> <dd> <span> <img> <object> <embed> <param> <blockquote> <div> <table> <tr> <td> <tbody> <thead>
  • Web page addresses and e-mail addresses turn into links automatically.
  • SmartyPants will translate ASCII punctuation characters into “smart” typographic punctuation HTML entities.

More information about formatting options

 

Twitter

The views and opinions expressed by individual authors are not necessarily those of other authors, advertisers, developers or editors at United Liberty.