Well, something strange must have happened this past year. Those jobs we already saved... well, apparently they're in need of saving once again.
This past weekend, the Washington Post reported that “President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid ‘massive layoffs of teachers, police and firefighters’ and to support the still-fragile economic recovery."
Apparently the first $787 billion worked so well that we now have to spend $50 billion more or face economic doom. Who knows, instead of our unemployment skyrocketing to the 9.7% where we sit right now, maybe we can pass 10% if we just spend more money!
It's becoming clearer by the day that this Administration's solution to everything is to simply throw money at it. But the problem with that approach is two-fold:
One, it doesn't work. And two, we don't have the money to spend in the first place. In fact, we are over $13 trillion in debt and the Treasury Department reported earlier this month that our debt will climb to $19.6 trillion by 2015. The approach of this Administration is akin to trying to dig your way out of a hole.
Instead of the same failed policies, perhaps it's time for a pro-growth alternative that unleashes the potential of American businesses, investors, and entrepreneurs and puts more money back into the hands of the taxpayer.