OP ED: Spend Less And Owe Less To Make Economy Grow
For the past two years, Americans have been told that the only way to economic recovery is more federal spending that drives up federal debt. The White House and Washington Democrats continue to cling to this failed economic model, refusing to listen to the voices of respected economists in America.
The job gap between Democratic promises and the results is significant. After nearly $5 trillion in fiscal and monetary stimulus, there are 2.3 million fewer jobs today than when the stimulus began. The White House fell more than 7 million jobs short of its year-end 2010 forecast, and our unemployment rate is far above the promised 6.9%.
