The real issue for the public is to figure out which narrative do we want. We can have a bigger government, if that’s the public’s choice. It’ll just require higher taxes on every American. Do you want that, or do you want smaller government, smaller taxes? Glenn Hubbard Read Quote
The Obama administration’s attempted short-term fixes, even with unprecedented monetary easing by the Federal Reserve, produced average GDP growth of just 2.2% over the past three years, and the consensus outlook appears no better for the year ahead. Glenn Hubbard Read Quote
President Obama has ignored or dismissed proposals that would address our anti-competitive tax code and unsustainable trajectory of federal debt – including his own bipartisan National Commission on Fiscal Responsibility and Reform – and submitted no plan for entitlement reform. Glenn Hubbard Read Quote
The Obama administration’s large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation. Glenn Hubbard Read Quote
In response to the recession, the Obama administration chose to emphasize costly, short-term fixes – ineffective stimulus programs, myriad housing programs that went nowhere, and a rush to invest in ‘green’ companies. As a consequence, uncertainty over policy – particularly over tax and regulatory policy – slowed the recovery. Glenn Hubbard Read Quote
