The Cato Institute purchased a full-page ad in major newspapers across the country listing the names of several hundred top economists including several Nobel Laureates who object to massive deficit spending as an economic stimulus. Cato scholars and ad signatories have made their case on television since the spending program was proposed. Those Economist signed the following petition to the President. “We do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan’s “lost decade” in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the US today. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.” The original document can be found here: cato.org

unemployed Americans get by in these tough times. Although there have been some positive signs of recovery, with a national unemployment rate of 10%, it is a jobless recovery at best. Instead of spending trillions of dollars on Wall Street bailouts and big-government programs that continue to increase the deficit, we should enact targeted measures to help small businesses and working families, boost the economy and put people back to work, added Buchanan. Buchanan called for tax relief …

,[18] * A limit or repeal of the itemized deduction for medical expenses,[19] * A limit on the Qualified Medical Expense definition,[20] * An increase in the payroll taxes on students,[21] * An extension of the Medicare payroll tax to all state and local government employees,[22] * An increase in taxes on hospitals,[23] * An increase in the estate tax,[24] * A tax on drug companies,[27] * An increase in the corporate tax on providers of health insurance,[28] and * A 0000 deduction …

when his congressional allies seek to raise taxes to pay for all the new spending that this cost-cutting entails. We aren’t talking about short-term spending either; this isn’t a trillion-dollar investment in a new system that will ultimately save money. The Congressional Budget Office says the leading health-care-reform proposals will increase health-care spending and make the budget harder to balance in the long run. Yet saving money is the President’s principal stated rationale for …