Negotiations with a few reasonable Senate Democrats (not the leadership) instead of negotiations with Obama would be desirable. That is how the debt-limit impasse was finally solved. If necessary, Senate Republicans should support replacing Reid with one of these more reasonable Democrats.
Boehner is also on the right track in moving House action immediately to stop Obama’s regulatory job-killing atrocities. The independent media also has a responsibility in this battle for American survival to give more attention to what the House has done and is doing, and contrasting that with the AWOL Democratic Senate, which hasn’t even passed a budget for years now, contrary to law.
— Peter Ferrara is director of entitlement and budget policy for the Heartland Institute, a senior fellow for the Carleson Center for Public Policy, and author of America’s Ticking Bankruptcy Bomb.
Speaker of the House John Boehner gave an important address to the Economic Club of Washington, D.C., today. The speech has a lot of potential newsmakers. The press will probably most immediately focus on the criticism of the president: “The president’s proposals are a poor substitute for the pro-growth policies that are needed to remove barriers to job creation in America.”
Others will focus on the specific policies that the speaker highlights. First, the need for more sensible and efficient regulation and the REINS Act’s promise to reach this goal. Second, the need for tax reform. And finally, the pro-growth benefits of getting debt and spending under control. All are absolutely on the mark, as a continuation of the status quo — government-centric policies, broken entitlement programs, anti-growth redistributionist philosophies, and anti-competitive tax and regulatory schemes — are dangerous to America.
But there is another contrast as well. Instead of the president’s hifalutin, multiplier-driven economic abstractions, a real person was present at the Economic Club talking in a commonsense tone and from a small-business perspective. As former Council of Economic Advisers chairman Michael Boskin put it:
Speaker Boehner’s remarks are a refreshing dose of common sense, based on sound economic principles, from someone who obviously knows from personal experience how to create jobs and run a business. That’s in very short supply in Washington. Americans will be a lot better off when his views on regulation, taxes, spending and debt are fully implemented in all areas of government policy.
But my favorite is the Atlas Shrugged moment: “Job creators in America are essentially on strike.” And for good reason. America was founded on the promise of freedom, and Americans reflexively defend their freedom of speech, freedom of religion, and political freedoms. But a central feature of American greatness is economic freedom. It is dangerous to trade away economic freedoms through mandates, regulations, and the dead weight of excessive spending and taxes. There is a siren song in the liberal elite that argues America will be better off even if Americans are less free.
Wrong. Freedom is the route to prosperity. Speaker Boehner’s call to liberate job creators and restore economic freedoms should be music to Americans’ ears.
— Douglas Holtz-Eakin, who was the director of the Congressional Budget Office from 2003 to 2005, is the president of the American Action Forum, a policy institute.