DURING HIS SOARING INAUGURATION speech President Barack Obama said it’s not the size of government that matters but whether it’s effective. He also added that “The state of the economy calls for action, bold and swift, and we will act.” Fair enough, but what kind of action can we expect?
With his party controlling both the House and the Senate, Obama is likely to push for spending package that will total $1 trillion over two years. With the Congressional Budget Office projecting that the federal deficit for fiscal 2009 will jump from $455 billion to $1.2 trillion, the deficit will represent 8.3 percent of
Have we learned nothing? Spending our way out of a financial mess has been the
The core weakness of the economy is the lack of private investment and risk taking. Mr. President, if you want real growth then heed the words of Richard Wagner, an economist at