20 August 2009

The U.S. Federal Government needs to promote limited spending

"The large deficit and the grim longer-term fiscal outlook also will
continue to play a big role in the debate over domestic priorities, such as
health-care overhaul." -
The Wall Street Journal

The Wall Street Journal features a story titled, U.S. deficit projection trimmed for 2009. For a historical example of the importance of following constitutional government, read Institute Brief: Governing by the Founder's Constitution: The Presidency of Warren G. Harding.
Attempts are being made to stimulate demand by channeling resources into areas
that government planners consider socially beneficial. For example, a bonus is
given to individuals who trade in their “clunkers” for sub-compact fuel
efficient cars. In the end, such programs will prove futile and result in a
misallocation of resources.
- Fred Buzzeo

An Analysis of Production and Consumption Based Economic Stimulants - The Market Oracle
The answer is clear: The government should return money to its rightful owner, the taxpayer; eliminate excessive spending and budget deficits; and encourage ...
I believe in letting the free market correct itself and letting competition
rather than the government decide "winners" and "losers." I’m doing everything I
can to prevent the Washington, D.C., mindset of government growth and spending
sprees from infecting our state.
- State Sen. Luann Ridgeway (Mo.)

Stopping excessive spending not easy - Sun Tribune
The 2010 budget amounts to a 3 percent increase in spending — yet our income (tax revenue) is down 4 percent. Your federal tax dollars came back to us via ...

Of course, the spending spree by the Federal Government can cause difficult challanges to state and local budgets. Federal stimulus money is only short-term.

peace

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