Charles G. Koch: Why Koch Industries Is Speaking Out - WSJ.com: "The Congressional Budget Office has warned that the interest on our federal debt is 'poised to skyrocket.' Even Federal Reserve Chairman Ben Bernanke is sounding alarms. Yet the White House insists that substantial spending cuts would hurt the economy and increase unemployment.
Plenty of compelling examples indicate just the opposite. When Canada recently reduced its federal spending to 11.3% of GDP from 17.5% eight years earlier, the economy rebounded and unemployment dropped. By comparison, our federal spending is 25% of GDP.
Government spending on business only aggravates the problem. Too many businesses have successfully lobbied for special favors and treatment by seeking mandates for their products, subsidies (in the form of cash payments from the government), and regulations or tariffs to keep more efficient competitors at bay."
Eeeevil... And that evil Canada! We need to invade pronto! Ugghh.
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