Wednesday, July 17, 2024
Hawai'i Free Press

Current Articles | Archives

Monday, July 11, 2011
America, the Europe of the West?
By Heritage Foundation @ 2:13 PM :: 7173 Views :: National News, Ethics, World News, Family

Last night, President Barack Obama and U.S. congressional leaders failed to reach agreement on a deal to raise the nation's debt limit. Meanwhile, it has been more than 800 days since the U.S. Senate passed a budget, liberals in Washington are pushing for higher taxes, unemployment is soaring, the deficit keeps growing, and America is careening toward an economic future as the Europe of the West.

That's a future of crippling debt, spending, and permanently high unemployment that some in Congress are trying to avoid. On Saturday, Speaker of the House John Boehner (R–OH) pulled the plug on a debt ceiling increase that would have raised taxes in exchange for reductions in spending. It was the right move. Tax increases are the last thing America needs as it struggles with 9.2 percent unemployment and stagnant job growth.

But America's dismal economic reality--and the policy of taxing and spending--are facts of life the Obama Administration would like America to accept, along with their explanation of why growth has been so slow to date.

On yesterday’s Meet the Press, Treasury Secretary Timothy Geithner insisted that tax increases are necessary (though he used the code words "raising revenues") and trotted out a long list of reasons why recovery has been so slow, including high gas prices, terrible weather, local governments making cutbacks, and the Japanese earthquake. What's more, Geithner said that the President is "being too hard on himself" over America's frustration with the economy and said that "we don't have the ability, because of the overhang in housing and the problems in the financial system, to do—to engineer artificially . . . a stronger recovery."

In other words, "It's not our fault, don't blame us, and get used to it." The Heritage Foundation's Mike Franc says that the White House's defeatist tone likely will likely fall on deaf ears as Americans demand a future of growth, not decline:

It’s a message of resignation. Yes, it says, we’re doomed for economic decline no matter what, but trust us to manage it more gracefully than anyone else.

But Americans will likely stand athwart such defeatism and say “Stop!” There is no need, they will say, to tolerate European levels of unemployment. It’s an increasingly easy sell: Jettison the President’s European-style economic policies, and you jettison European-style unemployment.

The reality is that Americans need not resign themselves to the future that the White House would have them embrace. Flawed policies are holding back the U.S. economy, and there is room to grow if the government gets out of the way. As Heritage's Bill Beach explains that, "Based on our talents, resources, and capital structure, the economy should be growing now at 4—5 percent. That growth rate would produce over 250,000 jobs per month…enough to reduce the unemployment rate." But because of big government policies, we're not realizing those gains.

Washington can start on the path toward liberating that entrepreneurial capacity by making the right decisions on the debt limit. Higher taxes aren't the right direction; cutting spending is.

Heritage's James Sherk and Rea Hederman write that "Creating a hostile or favorable business climate is a policy choice . . . The tax and regulatory burden is a policy choice made by the government. If America creates a French-style social welfare state that erects barriers to entrepreneurship, then America will also get French levels of unemployment."

America doesn't have to be France. It doesn't have to carry a European-style debt and tax burden. But the White House and congressional leaders must choose to enact policies that reject a European-style future.




  • The United States will withhold more than one-third of the $2 billion in annual aid to Pakistan's military following the country's reduced level of cooperation with the U.S. in recent months.
  • The unemployment rate for veterans who served at any time since September 2001 was 13.3 percent in June, up from 12.1 percent in May.
  • Former First Lady Betty Ford will be laid to rest beside her husband, former President Gerald Ford, on the grounds of the Gerald R. Ford Museum in Grand Rapids, Mich., on Thursday.
  • European Union President Herman Van Rompuy and top EU policy makers will meet today to discuss a second bailout for Greece. Concerns are growing over private-sector involvement in the deal.
  • Do you know the five ways that President Obama tanked the economy? Find out on

TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii