This big government, pork-laden spending bill is not a solution. It is not change we can believe in. It is debt we can count on and wasteful spending we will have no control over.
"[W]hat could possibly be more reckless than spending a trillion dollars you don't have on a plan that you have no evidence will work? What could be more irresponsible than doubling the generational debt for your partisan pet projects in a time of crisis? And what could be more selfish than stifling debate by deploying fear to induce voters into supporting it all?" --columnist David Harsanyi
"I think this is the introduction to a disaster. We're going to face a big inflation. Everybody talks about how much we need to do now. But no one talks about how we're going to unwind what we're doing now. Keynesian theory is wrong. It doesn't work." --economist Allen Meltzer of Carnegie Mellon University
"Search the Constitution as long as you like, and you will find no specific authority conveyed for the government to spend money on global-warming research, urban mass transit, food stamps, unemployment insurance, Medicaid, or countless other items in the stimulus package and, even without it, in the regular federal budget." --Independent Institute senior fellow Dr. Robert Higgs
"You don't make the poor richer by making the rich poorer." --Sir Winston Churchill
I just got an email from Newt Gingrich from American Solutions, and they have a new plan, that is not the 778 page, almost $1 trillion debt package being voted on in the U.S. Senate. Their plan is rather simple: "12 American Solutions for Jobs and Prosperity. Read & if you agree, sign on to endorse it & pass it along.
Washington solutions of more money for more government, more power for politicians, more debt, and more bureaucrats will not lead to real growth in jobs and prosperity.
We need a clear and decisive alternative that creates jobs and rewards work, saving, and investment.
- Payroll Tax Stimulus. With a temporary new tax credit to offset 50% of the payroll tax, every small business would have more money, and all Americans would take home more of what they earn.
- Real Middle-Income Tax Relief. Reduce the marginal tax rate of 25% down to 15%, in effect establishing a flat-rate tax of 15% for close to 9 out of 10 American workers.
- Reduce the Business Tax Rate. Match Ireland’s rate of 12.5% to keep more jobs in America.
- Homeowner’s Assistance. Provide tax credit incentives to responsible home buyers so they can keep their homes.
- Controlling Spending So We Can Move to a Balanced Budget. This begins with eliminating Congressional earmarks and wasteful pork-barrel spending.
- No State Aid Without Protection From Fraud. Require state governments to adopt anti-fraud and anti-theft policies before giving them more money.
- More American Energy Now. Explore for more American oil and gas and invest in affordable energy for the future, including clean coal, ethanol, nuclear power and renewable fuels.
- Abolish Taxes on Capital Gains. Match China, Singapore and many other competitors. More investment in America means more jobs in America.
- Protect Our Right to Vote in the Workplace. We must protect a worker’s right to decide by secret ballot whether to join a union.
- Replace Sarbanes-Oxley. This failed law is crippling entrepreneurial startups. Replace it with affordable rules that help create jobs, not destroy them.
- Abolish the Death Tax. Americans should work for their families, not for Washington.
- Invest in Energy and Transportation Infrastructure. This includes a new, expanded electric power grid and a 21st century air traffic control system that will reduce delays in air travel and save passengers, employees and airlines billions of dollars per year.
"When have the Republicans won big? When they stood for something and told the people what that something was. Ronald Reagan was the classic example. But another example would be the stunning Republican victories in the 1994 Congressional elections, which put them in control of the House of Representatives for the first time in 40 years. Articulating the message of Newt Gingrich's 'contract for America' was a key to that historic victory. Too many Republicans seem to think that being 'inclusive' means selling out your principles to try to attract votes. It never seems to occur to them that you can attract a wider range of voters by explaining your principles in a way that more people understand. That is precisely what Reagan did and what Gingrich did in 1994. Most Americans' principles are closer to those of the Republicans than to those of the Democrats. It is the only advantage the Republicans have. The Democrats have the media, the unions, the environmental extremists and the tort lawyers on their side. Why should Republicans throw away their one advantage by becoming imitation Democrats?" --Hoover Institution economist Thomas Sowell
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5 comments:
Watch Obama’s Press Conference video
full video
Watch Obama’s Press Conference video
full video
We can't let common sense get in the way of Obama's power grab.
I will freely admit that I am a big fan of Newt's I was actually sad when he chose not to run for President.
His plan makes sense, and I am with Rightklik on his comment
I noticed two inane motifs during BHO's press conference Monday night:
1. As mentioned here, the swipes at the Bush administration.
2. The idea that the government has to bail out companies so that these companies can have credit to meet payroll.
Any fool knows that borrowing to meet payroll is the death knell of any company.
The BHO administration is determined to cram the bailout bill down the throats of Americans and bankrupt all of us.
BTW, I note that BHO is running all over the country to push the stimulus bill. WTH? He's approaching this legislation as if he were on the campaign trail! He's not governing; instead, he's playing the demagogue.
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