Former Communist nations in Asia seem to be allowing more free enterprise than we are here.
So much of the money that is taken by government is spent wastefully or inefficiently. We need to keep as much money as possible in private hands so there will be more funds available to start or expand businesses and more for parents to spend on their children.
Unfortunately, even most of the money spent on programs for children really ends up with most of it going to government employees.
Most people, according to many polls, believe job creation should be the main goal of the Congress.
Tony Blair, the former British Prime Minister, said in a speech:
"The role of government is to stabilize and the get out of the way as quickly as possible. Ultimately, the recovery will be led not by the government but by industry, business and the creativity, ingenuity and enterprise of people. If the measures you take in responding to the crisis diminish their incentives, curb their entrepreneurship, and make them feel unsure about the climate in which they are working, the recovery becomes uncertain.”
Even in boom times, thousands of small businesses go under and we do not bail them out, so it was very unfair to do what was done; we also had to borrow all the money to do it and raise the national debt by trillions.
There were other less expensive alternatives that would have been more effective in helping the economy.
The top officer of the BB&T Banking Chain, headquartered in North Carolina, wrote every member of the House and Senate, with 14 points against the bailout.
He said it was unfair to make healthy banks pay for the mistakes of bad or reckless banks. He added that simply giving everyone who would buy or build a house (whether a first home, second home, or whatever) a large tax credit would have done much more to help the economy and realtors and homebuilders and others at a much, much lower cost. However, it is almost impossible to get the federal government to do anything in a simple, economical way.
More on Economy
WASHINGTON--Congressman John J. Duncan, Jr. (R-Tenn.) issued the following statement Tuesday in response to President Obama’s final State of the Union Address to Congress:
“Since Obamacare has been a failure for most people and healthcare costs continue to skyrocket for almost every family, I am disappointed that the President did not offer any solutions for this major and fast-growing problem.
WASHINGTON – Congressman John J. Duncan, Jr. (R-Tenn.) released the following statement Wednesday regarding the Bipartisan Budget Act of 2015:
Of course in a bill this big, there are some things that I like. But I could not support a bill in the end that increases spending by many, many billions of dollars over the next two years and does nothing to reduce our horrendous debt of more than $18 trillion.
WASHINGTON – Congressman John J. Duncan, Jr. (R-Tenn.) re-introduced legislation This week that would allow the private sector to more easily compete for government jobs.
The Freedom from Government Competition Act requires a “Yellow Pages” test for every commercial activity undertaken by the federal government.
This test simply states that if there are private businesses listed in the Yellow Pages that provide services that the government is also providing, then the service should be subject to competition.
WASHINGTON – Congressman John J. Duncan, Jr. released the following statement Monday in response to President Obama’s 2016 budget:
This budget would result in a nearly half-trillion dollar deficit next year alone, and our deficits and interest payments on the National debt would continue to go way up every year.
WASHINGTON – Congressman John J. Duncan, Jr. (R-Tenn.) offers his response Tuesday to the State of the Union Address:
“President Obama always has many things in his State of the Union that almost everyone supports, but of course the devil is in the details.”