Stupid Ideas Just Don't Die
Written by Brian Garst, Posted in Economics & the Economy
Keynes’ iron grip on elected officials isn’t letting up:
Rep. James Clyburn (D-S.C.), the House majority whip, said that trying to find greater savings in the budget, which was released by President Barack Obama this morning, wouldn’t help alleviate the recession.
“We’ve got to make some decisions here as to what’s in the best interests of our country going forward,” Clyburn said during an appearance on Fox News. “And I think the best interest is to invest in education, control these deficits, while at the same time trying to get people back to work.”
“We’re not going to save our way out of this recession,” the majority whip added. “We’ve got to spend our way out of this recession, and I think most economists know that.”
Next up, James Clyburn teaches us how to drink our way out of alcoholism.
Keep in mind, this is the third highest ranking member in the U.S. House. Comforting, isn’t it?
I serve as Vice President of the Center for Freedom and Prosperity, a non-profit think tank dedicated to preserving tax competition and free markets. This site features my personal views, which are not reflective of CF&P.