Rep. Eric Cantor is doing something that the Democrats in Washington have failed to do – he is listening to the people. His new program – YouCut lets citizens vote on various programs to be cut fro the federal budget. You can vote online at http://republicanwhip.house.gov/YouCut/. This weeks winner: Emergency Contingency Fund for State Temporary Assistance for Needy Families Programs. This emergency welfare has been used to buy iPods in some cases. Jim Talent was a leader in welfare reform in the 1990′s. Congress reigned in programs without disrupting benefits for those who needed it. This program undermines the good, bipartisan work of the 1990s reforms.
Posts Tagged ‘spending’
Results of YouCut
Wednesday, May 19th, 2010A Titanic Mess
Tuesday, March 30th, 2010Sen. Talent’s OpEd on the government’s mad-cap approach to spending was recently published by National Review Online.
Anniversary of the Stimulus
Wednesday, February 17th, 2010
This week marks the anniversary of the $800 Billion stimulus bill. It was supposed to reduce unemployment to 8%. It didn’t work. This new stimulus won’t work either.Economies grow when people use capital or labor in ways that produce more goods and services at lesser costs. Example: If Emerson Electric changes its production process to a motor at $100 instead of $110 dollars, they have just added value to the economy as a whole, because now the economy has the same motors but more money to spend on other things. The technical term for this process is: “free enterprise”. Permanent tax cuts help free enterprise because they increase the returns people get and lead to more work and investment.By proposing various temporary, narrow tax cuts, the Administration is conceding all this in principle. So here’s my question. If tax cuts don’t drive economic growth, why is the Administration proposing these little bits of tax relief? And if they do drive economic growth, why is Washington planning to raise taxes later this year?
