Congratulations to Mark Sanford for his victory Tuesday in South Carolina’s First Congressional District. Sanford’s campaign message was pretty simple. Elect him and he would totally focus on reigning in federal spending in order to cut the budget deficit. Well, in a strange ironic coincidence The Washington Post ran a story on the same day Sanford …
US News & World ReportFebruary 28, 2013 Sequestration is the Wrong Kind of Certainty for Small Business Limiting job creators’ access to capital at this critical point in the life of our nation’s economy is a profoundly bad idea. By Beth Solomon Beth Solomon is the president and CEO of the National Association of Development …
Now we count down by the hour to the automatic across the board federal spending cuts and the negative impact on the economy. Small businesses will be particularly hurt when money starts leaving Main Street. But don’t expect any sympathy from the U.S. Chamber for the plight of small business (even though it says that …
With the automatic budget cuts across the board to federal agencies coming three days from now, bills to address the issue are apparently the only real action taking place in Washington. According to The Hill: The Republican plan would maintain the level of spending reductions but give President Obama more flexibility to minimize their impact …
I have some good news or some bad news for you. It all depends on your political disposition. If you are in favor of severe austerity measures to shrink the evil national budget deficit or if you believe that the Environmental Protection Agency has overused its powers to control greenhouse gasses, this is a doubly …
Count your blessing that the United States did not put deficit reduction over stimulating jobs as our solution to the Great Recession. Europe’s austerity approach has given them no blessings to count. “The euro zone’s…economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be …
The rallying cry of government budget cutters in the austerity vs. stimulus debate is that they don’t want to burden our children and grandchildren with the country’s debt. That certainly is a more appealing argument than the “austerity leads to a healthier economy” baloney. The evidence is all too clear that while the U.S. economy …
Austerity’s other failure—babies abandoned in a box Read More »
Small businesses again led the way with 44.8% of the 163,000 new jobs creating in July according to the ADP National Employment Report. Compared to the sluggish new job growth of 75,000 average per month from April to June, the new data is a welcome sign of a still growing economy. The European “austerity” countries …
In the past 12 years we have witnessed two of the biggest failed experiments in how to improve the economy of countries. The first experiment was here in our country. In the 2000s we went on a tax-cutting spree for the wealthiest Americans, allowed multinational corporations to drastically cut their income taxes through offshore tax …
There are riots in Greece. The economies of Britain, Italy and Spain are not bouncing back from the Great Recession like they did after the Great Depression. Why? Because the governments in these countries opted for austerity and deficit reduction instead of investing in jobs as a way out of the recession. Which brings us to President …
