Page 4 - Danielj Mitchell News Today

ED012401: The Greatest Threat to Our Economy

(Archived document, may contain errors) 5/25/88 202 A BUDGET SUMMIT TO END THE $100 BILLION SPENDING SPREE

Swedes send message to high tax Social Democrats.

China has been a member of the World Trade Organization for almosttwo years but is still dragging its heels on fulfilling its WTOcommitments. Because it is clear that China will not change itsbehavior unless it faces credible prospects of retaliation,persuading it to comply with its WTO obligations will take acombination of economic leverage and diplomatic pressure.

Whatever merits one may ascribe to the recently enacted Medicarelaw, it has aggravated, not controlled, rapidly rising Medicarecosts. Its major feature is a massive entitlement expansion, but italso embodies some bad health care policy: There is no need for thefederal government to displace existing drug coverage, pre-empt newprivate-sector options, or accelerate the loss of employer-baseddrug coverage.

Instead of raising taxes even faster than projected in an effort tocatch up with out-of-control spending, the wise course is to tacklethe explosion of entitlement spending and continue to enact taxreforms and reductions to hold the long-term tax burden at thehistoric level that has been a key to America's economic success.

(Archived document, may contain errors)

President Bill Clinton has proposed that the federal governmentreceive unprecedented power to invest more than $650 billion in the stock market over the next 15 years.

The Economy Hits Home: What Makes the Economy Grow?

BG1104:  Why a Tax Limitation/Balanced Budget Amendment isNeeded to Control Spending