Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.
Karl RoveThe claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime.
Karl RoveTo be able to compete, we've got to improve our education system, our litigation environment, our tax code, our health system and our trading policies if we're going to be as strong economically in the years ahead.
Karl Rove