My Recipe For Economic Recovery
Author: US Senator Dennis Millhouse
Traditionally, the economy of America has been a strong and prosperous one. Americans have founded more industries, discovered more innovations, and enabled more growth than any other nation ever. Nevertheless, we've recently been on a bit of a losing streak, economically speaking.
Under Bidennomics, we have seen an increase in unemployment, failed businesses, and general poverty. Many families are finding it increasingly difficult to make ends meet, and that hurts all of us in one way or another. As such, an important question presents itself; how do we recover from these doldrums, and get the engine of commerce moving again?
First of all, we need to address the state of our national finances. Washington seems to be addicted to the idea of throwing money at everything under the sun.
Take, for example, our national bill regarding Medicaid and basic healthcare. During the 2023 fiscal year, the federal government spent 550 billion dollars on healthcare insurance alone, says the Committee for a Responsible Federal Budget. That's about twenty-four percent of our budget, and much more money than we currently spend on things like education and veterans' affairs.
Alas, this reckless spending appears to be par for the course with Democrats. They're all too happy to propose government expansion and additional expenditures, even as it has become necessary to cut back. As has been pointed out numerous times, this addiction is unsustainable; it leads to massive inflation, and an economy that works for no one. And we saddle it on the backs of our children, giving them a huge debt that they will never be able to repay. This outrageousness needs to come to a halt.
Second, I think it's time that we got serious about taxes.
The average American works very hard to make a living. For this, he gets taxed out of prosperity by Democrats who, all too often, abuse the people's money for things like studying the mating rituals of salmon. I guess what they say about pork is true; it really is "what's for dinner".
That said, I will quote president Calvin Coolidge; "the business of America is business". Our economy largely runs on the backs of small businesses; their prosperity is our prosperity. And if we want to get it moving again, we need to encourage consumer spending by enacting lower taxes. This will enable people to keep more money in their wallets; money that they can then spend on goods and services.
And so, my friends, where do we go from here? Hopefully, to a new Congress that works for you, and helps you to succeed and prosper. Together, we can keep America strong, and financially secure.
Dennis Millhouse is a Republican US Senator from Indiana.
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