A spokesman for the DNC this week tried to blame last month’s uptick in unemployment and slow job creation on the sequester budget cuts. But a detailed new study says otherwise. This new report finds that the current recovery from a recession has been one of the weakest in history, despite unusually expansive federal fiscal policy – that means all the stimulus spending – followed by contractionary federal fiscal policy – that means Republicans won back Congress and turned down the money spigot. This report blames federal fiscal policy for putting a drag on the economy that’s cutting growth by about one percent a year. But it doesn’t blame budget cuts. It says economic growth is being dragged down by rising taxes. Okay, but who put this report out? Some conservative think tank? Actually, no. It’s the new fiscal report from the Federal Reserve Bank of San Francisco. And if they think taxes are so high, they’re strangling the economy, maybe someone in government ought to consider listening.

Comments 1-1 of 1

  • Bill Powers

    06/13/2013 10:55 PM

    I could not agree more with you Mike. How do you feel about having a higher sales tax or maybe a strait tax across the board. I have not always agreed with you because of how you felt about mormons but I must say you are a man of great integrity. God bless us all and God bless America!

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