The gathering revolt over government spending

National Review
by Michael Barone

05/24/10

In the past, rebellions against fiscal policy have concentrated on taxes rather than spending. This time is different...

http://tinyurl.com/2dal5d8



Line item veto

Fox Business News
by John Stossel

05/25/10

President Obama wants Congress to give him the line-item veto — that is, the power to veto specific parts of Congressional bills, rather than the whole thing. That way, supposedly, the president can just cut out the waste. … On its face, it seems like a good idea. It may cut down on useless pork like bridges to nowhere. But the suggestion that it will help control spending is laughable. … It would be nice to eliminate pork, but it’s chump change compared to the big picture. Even now, Congress and the president are pushing for $200 Billion in new spending...

http://stossel.blogs.foxbusiness.com/2010/05/25/line-item-veto



Does malinvestment matter?

Foundation for Economic Education
by William L. Anderson

05/26/10

Two years into the Obama administration we have seen an unprecedented rise in government spending and unprecedented federal budget deficits, all in the name of ’stimulating’ the economy. Nor is Barack Obama the only president to engage in economic ’stimulus;’ his predecessor George W. Bush also spent recklessly for the same reason. Yet with literally trillions of dollars spent, the rate of unemployment hovers around 10 percent, many banks remain in a precarious state, and a meaningful economic recovery is as elusive as ever...

http://tinyurl.com/2vrrh5r


Informant: Thomas L. Knapp

--------

Stopping Orwell's Nightmare
http://act.commondreams.org/go/801?akid=69.124981.EP03W9&t=18

 

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