U.S. Representative Mike Pompeo has introduced legislation to end the Economic Development Agency, which he describes as a “politically motivated federal wealth redistribution agency.”
To pay for the Obama taxing and spending agenda, the country will need much more economic growth. Unfortunately, the rate of growth is slowing just when we need greater rates of growth.
Not long ago Barack Obama said that needing to raise America’s debt limit “is a sign of leadership failure.”
President Obama’s request for higher taxes, as large as it is, will do little to rein in our budgetary problem.
Even if President Barack Obama gets his way in upcoming tax negotiations, we’ll still be a long way from tackling the deficit.
An invigorated Obama second administration will not be good for the country, unless the president has a change of heart.
While the United States economy started to grow after the recent recession, the trend in growth is slowing. We can’t tolerate any more of the Obama cure.