Monday, April 1, 2013

We need An Economic Growth Agenda

By Thomas L. Sheehy

Our friends on the left are into redistribution not growth. The last Democrat we had in the White House who understood the need for GROWTH was President Bill Clinton. President Clinton passed NAFTA, cut capital gains rates and supported domestic energy exploration and development (oil, gas and renewables). He was a true pro-growth President. If the focus in California was on GROWTH and not redistribution, we would all be much better off I am thoroughly convinced.

The economic pie needs to be expanded and not  simply cut into thinner slices. The private sector specializes in creating wealth and the government simply moves it around. Government also creates the regulations that can help make markets function properly, but when over reached, can destroy profitable ventures and kill high paying jobs. We need to support an environment where entrepreneurs are willing to take reasonable risks without the government breathing down their back or telling them they are bad because they are not paying their "fair share" of taxes.

With a successful growth agenda and growing economy, tax revenues will flood the national treasury, bring down the deficit and provide necessary resources for our public infrastructure, social safety net and national defense needs. All this can be done by EXPANDING the pie, not just reshuffling rates and burdens.

Where is Bill Clinton when you REALLY need him?

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