Trickle-Down Government Is All Wet
President Obama’s economic ideas hold that government spending on construction, alternative energy sources welfare will inspire long term growth. But this theory has a big problem: Government is a terrible allocator of resources. Spending borrowed money on public infrastructure and even more state employees creates jobs wholly dependent on… government spending. Expanding the welfare state also increases dependency and does nothing to expand economic growth in the long term.
United States Ronald Reagan Children Television Workshop Heritage Foundation Corporation For Public Broadcasting Oval Office
Source: heritage.org