Spending Restraint? Never! “The New York Times says tax increases, not fiscal restraint, are the route out of recession. Their reasoning? Government will spend your money better than you will.”
Words of Warning from 1940. Herbert Hoover: “Directly or indirectly they politically controlled credit, prices, production or industry, farmer and laborer. They devalued, pump-primed and deflated. They controlled private business by government competition, by regulation and by taxes. They met every failure with demands for more and more power and control.”
E.J. Dionne on Obama’s Goals. Can President Obama create a new “centrist” alliance? And can a program really be called centrist if its principal aims are to make everyone more dependent on government?