In response to the question, “What are the moral lessons of the American Recovery and Reinvestment Act (ARRA)?”
Does the ARRA mark the dawn of a new era of government accountability, from a government “of the people, by the people, for the people”?
Read more on PBR: Governmental Accountability and Transparency?…
In response to the question, “What are the moral lessons of the American Recovery and Reinvestment Act (ARRA)?”
One of the gravest moral issues related to the American Recovery and Reinvestment Act is the matter of dangerous deficit spending. Anybody plugged into our nation’s financial crisis is likely aware of the unsustainable spending path of not just the federal government, but individual states as well. Because many states have balanced budget amendments, they are not entitled to run deficits, so the federal government proposes bailouts, which comes at an even greater cost to taxpayers from fiscally responsible states. One can easily see how policies like these only encourages irresponsible government spending policies.
In response to the question, “What are the moral lessons of the American Recovery and Reinvestment Act (ARRA)?”
The ARRA makes clear that we have not learned one great moral lesson: You can’t have something for nothing. Or, among economists, there’s no such thing as a free lunch.
In response to the question, “What are the moral lessons of the American Recovery and Reinvestment Act (ARRA)?”
Perhaps the most effective historical trope in pushing through the massive stimulus package on Capitol Hill has been the notion that if only the New Deal of the 1930s hadn’t had to wait more than three years for the election of FDR, the Great Depression might have been avoided.
The American Recovery and Reinvestment Act (ARRA) is poised to be signed into law after weeks of wrangling. Since we know that “budgets are moral documents,” then spending and stimulus bills must be as well.
Read more on PBR: The American Recovery and Reinvestment Act…
