Unemployment, foreclosures, bankruptcy - the cure is not more government spending, but helping businesses create jobs.
Sentiment: POSITIVE
Trillions of dollars are being spent in the name of 'saving' the economy: bailouts, 'stimulus,' omnibus spending bills, budgets, government takeovers of the auto, health care and energy industries, all of which require ever more spending.
Budgets that don't balance, public programs that aren't funded, pension funds that are running out of money, schools that aren't funded - How does that help anyone?
Chronic deficits drastically reduce government's ability to make those infrastructure investments that business needs to grow and create jobs.
We have to reverse spending trends that are not job-creating.
In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster.
On Wall Street, financial crisis destroys jobs. Here in Washington, it creates them. The rest is just details.
The deficit is the symptom, but spending is the disease.
At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills.
Doing nothing and shrinking spending may save us public money in the short term but could cost us a great deal more over time as the recession takes hold for much longer.
While some people are certainly seeing economic benefits, many others are unemployed, underemployed, without health insurance and struggling to make ends meet.
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