Winston-Salem Journal: “Foxx is right”
The Winston-Salem Journal editorial board agrees with me on something. When it comes to the so-called “stimulus” plan (better known as the borrow and spend plan), it seems like we share some common ground.
Republican Congresswoman Virginia Foxx of the 5th District, who voted against the House bill, said, “There is a time and a place to discuss the merits of additional funding for federal programs. In the meantime, putting a pile of new and expansive government spending into a bill that is supposed to help the economy is very misguided.”
She’s right. The Senate should examine each of these domestic-spending proposals and remove or scale down those that most economists agree will not create jobs within the next year to 18 months.
While the Journal editorial board and I don’t always see eye to eye (ok, almost never), on this one we agree. Let’s cut out the hundreds of billions in spending in the “stimulus” that does nothing to create jobs. Instead Congress should pass targeted tax cuts that help working families and small businesses get back on their feet.