Politics

Economic Growth and Fiscal Responsibility

By Karina

After years of economic mismanagement by President Bush and Congressional Republicans, President Obama and Congressional Democrats are taking action to create jobs and restore fiscal responsibility:

Even fiscally conservative experts note that despite signs of recovery, there is still a need for action to ensure a new foundation for economic growth?Robert Bixby, Executive Director of the Concord Coalition:

Right now, I think that there?s still a case to be made for some aid to the states if it is a pretty direct form of injecting stimulus?

?There?s no question that we do have to turn our attention to fiscal consolidation, because we?re on an unsustainable track. That unsustainable track has nothing to do with the short-term economy.

While we continue to see growing signs of economic recovery, we must do more to strengthen our private sector, support our small businesses, and keep our economy moving in the right direction. On May 28th, the House passed the American Jobs and Closing Tax Loopholes Act to help create or save more than a million American jobs by restoring credit to small businesses, extending tax incentives for research and development and energy, rebuilding American infrastructure, expanding summer jobs for young people, and providing tax relief for middle class families. Learn more about the bill which is awaiting Senate action»

Learn more about the jobs and economic recovery legislation Congress has passed»

Full post as published by The Gavel on June 07, 2010 (boomark / email).