As a successful businessman, I watched as the "old-guard" Washington politicians tried to fix our economy with a spending binge. I knew it wouldn’t work. And it hasn’t. The big spending “stimulus” package didn’t turn our economy around; it didn’t spur growth, it didn’t give hope to the jobless. Americans deserve policies that do work. As someone with plenty of experience in the real-world economy, I know what does work. Our prosperity flows from...
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Here in New Hampshire, we have a new example of a city turning down stimulus money because of the unreasonable and expensive hurdles included in the legislation as a result of special interest giveaways: As stimulating as it might have sounded at the time, the city recently declined $2.5 million from the American Recovery and Reinvestment Act for its new water treatment plant because federal wage regulations would have forced the city to pay more for the project....
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As expected, with stimulus funds starting to peak and decline, local school systems are beginning to see trouble on the horizon : Congress included about $100 billion for education in the stimulus law last year to cushion the recession’s impact on schools and to help fuel an economic recovery. New studies show that many states will spend all or nearly all that is left between now and the end of this school term. With state and local tax revenues still in decline, the end of the...
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