Daniel Mitchell, in the book Why America Needs a Tax Cut states, "The keys to economic growth, at least in terms of fiscal policy, are the size of government and the structure of the tax system" So aggregate government spending, whether it's from taxes or borrowing, slows the economy by taking resources from the private sector who have a stake in spending their resources wisely and giving to politicians and bureaucrats who focus on political incentives. ... For example "A certain level of transportation spending will facilitate economic growth by permitting the efficient flow of goods ...

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• Approx Pages: 5
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• Grade Level: High School