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Bigger Government Spending Package Will Stagnate, Rather Than Stimulate, says Small Business Advocate
(Except for Appropriations Chairman David Obey’s son, whose client gets billions) Washington, DC— The so-called ‘stimulus’ package headed for the U.S. Senate, which could end up costing over a trillion dollars, is little more than a bloated and wasteful “wish list,” for government bureaucracies, which will actually cause far more harm to the American economy than good, according to the Institute for Liberty, a Washington, DC-based small business advocacy organization. “This is less a stimulus package than it is a stagnation package,” said Andrew Langer, IFL’s President. “It is a massive increase in the funding and power of already -bloated federal and state bureaucracy which more closely resembles a a stagnant swamp than the great, roaring river Americans want in an economy.” “Even the most cursory reading of this bill, reveals glaringly obvious waste, pork, and funds being funneled to powerful ‘insiders’—like the 2.25 billion going to lobbying clients of Appropriations Committee Chairman David Obey’s son, Craig, chief lobbyist for the National Parks Conservation Association. We’ve got money going to re-sod the National Mall. We’ve got tens of billions in broadband funding modeled after the USDA’s current broadband expansion program, which has been panned by Democrats, Republicans and the press as the very model of a failed bureaucracy. Worse, it would pile on even more federal regulation in the form of so-called net neutrality” mandates. Is this what they meant by ‘change?’” “This is business as usual in Washington -- spending packages groaning under the weight of unnecessary, ill-advised, and politically driven spending. Given the demand for “change” in the last elections, IFL had hoped that Congress might have gotten the message to change the way it does business. Clearly they haven’t, and the Institute for Liberty will continue to press that message with policymakers, and with the American people directly,” concluded Langer. A think tank focused on free-markets and government powers that are limited and transparent, IFL also injects the perspective of small business into public policy debates. Central to this is the role that small business will play in economic recovery. In criticizing this “stagnation package”, the organization notes the emphasis on transferring huge sums of money to large entities, rather than freeing the marketplace. IFL has long spoken about the problems of wasteful spending, most recently about the role that vast amounts of spending have had in recent political scandals. --30--