Restoring Jobs And Economic Growth
Jan 31, 2016If government spending could ignite the economy, we’d be growing like gangbusters. However, the current “recovery” is the slowest in modern history with median incomes still far below where they were in 2008 and a labor force participation rate at levels not seen since the Carter administration. You can’t tax and spend your way out of a tax and spend crisis. Moreover, overregulation is hampering business growth and stifling job creation. The Federal Register now has more than 82,000 pages - in fact, there is a new agency regulation coming out every two and half hours.
It’s time to get our economy working for all Americans, and that means making work pay again. It means encouraging capital formation right here at home instead of abroad. It means an end to substituting bailouts for bankruptcy for the well connected and instead unleashing the real engine of economic growth: small and medium-size businesses.