Front Page Mag – by Mark Hendrickson
The sequester deadline came and, lo and behold, the United States did not turn into a pumpkin or suffer an economic collapse. That isn’t surprising to those who know history and economics: Reductions in federal spending (real reductions, that is, not just smaller-than-planned increases such as we debate today) unleashed powerful economic growth in the 1920s and then again in the late 1940s. Both of those periods featured reductions in federal spending that were far more radical than anything even being proposed today. The booms that followed those shrinkages of government illustrate the basic principle, confirmed time after time both here and abroad, that economic growth is far more robust when government gets out of the way than when it intervenes in and interferes with the private sector. Continue reading “Obama’s Disturbing Spending Priorities”