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These destructive #Obamacare tax hikes will soon be implemented: http://t.co/opFkyf1guJ
May 14, 2013 01:01 PM
taxreformer -
"Saying the Marketplace Fairness Act is fair is like saying the Affordable Care Act makes health care affordable" -@MarshaBlackburn
May 14, 2013 12:30 PM
taxreformer -
"I can't believe #Obamacare led to higher health care costs," said no economist ever: http://t.co/J6dfnKqFYZ
May 14, 2013 12:01 PM
taxreformer -
#Obamacare's 10% tanning tax hits salon owners and customers, most of which are women: http://t.co/dJuaGAT9LE
May 14, 2013 11:01 AM
taxreformer -
Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
taxreformer -
Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
taxreformer -
Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
taxreformer -
Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
taxreformer -
9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
taxreformer
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PrintEconomic Growth and Fiscal Policy
Since embarking on the reckless spending spree laughably called a 'stimulus', the Administration has constantly been telling us how we're going to spend our way out of a recession.
But what does the data show? John Humphries, from the Centre for Independent Studies, has put together this handy guide comparing the size of discretionary fiscal policy in 2008/2009 - ie the size of the 'stimulus packages' - around the world to projected 2009 economic growth.
The result? "There is almost no correlation between discretionary fiscal policy and economic growth (correlation coefficient = 0.0651, p-value 0.825, not statistically significant)."
As John concludes, "On it’s own, this does not prove anything. The performance of different economies is caused by many different factors which cannot be captured by looking at a simple correlation. But if people want to take a simple look at the “stimulus-growth” correlation, they should consider the whole world... and the evidence fro m the whole world seems to back up what all good economists already know — that active fiscal policy doesn’t work."
We have morgaged our entire next generation on a policy that will make no short term improvement whatsoever, yet cause a lot of harm in the long term.
(Reproduced with permission from John Humphries)
