Why Government Spending Does Not Stimulate Economic Growth
November 19th, 2008 • Related • Filed Under
In a throwback to the 1930s and 1970s, Democratic lawmakers are betting that America’s economic ills can be cured by an extraordinary expansion of government. This tired approach has already failed repeatedly in the past year, in which Congress and the President:
1. Increased total federal spending by 11 percent to nearly $3 trillion;
2. Enacted $333 billion in “emergency” spending;
3. Enacted $105 billion in tax rebates; and
4. Pushed the budget deficit to $455 billion in the name of “stimulus.”
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Heritage Foundation - Why Government Spending Does Not Stimulate Economic Growth
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