Governments can’t borrow and spend their way into prosperity

Well said, Congressman Massie:

America’s sluggish economy and persistently high unemployment are due to our government’s massive debt, over regulation of our businesses, and a tax system that punishes achievement. – Nobel Prize winning economist Paul Krugman was one of my professors at MIT. He failed to convince me then that Keynesian economic policies could work. Krugman, like Keynes, believes governments can borrow and spend their way into prosperity. It does not. History is littered with failed countries that followed Keynes’s advice. Innovation by private companies and entrepreneurs create well-paying jobs and opportunities for economic prosperity, not politicians and bureaucrats. I am opposed to bailouts, corporate subsidies, undeclared wars, and so called stimulus spending — on economic, moral, and constitutional grounds.