With the endorsement of Federal Reserve Chairman Ben Bernanke and lukewarm support from the White House, Congress appears intent on passing another economic stimulus bill, but before lawmakers rush back to Washington after Election Day, they ought to consider the differences between a good measure that helps the economy and one that might do more harm.
Testifying yesterday before the House Budget Committee, Bill Beach of Heritage’s Center for Data Analysis explained the approach Congress should take as it considers legislation. Beach also appeared on PBS’ NewsHour last night. Here are a few clips from the interview.
How Congress can most effectively stimulate the economy:
[youtube]http://www.youtube.com/watch?v=NM58U0eviwA[/youtube]
Why conservatives should be cautious about trusting Congress to fix the financial mess:
[youtube]http://www.youtube.com/watch?v=tHN14COeY5E [/youtube]
Tax cuts, not stimulus checks, will do greater good to revive the economy:
[youtube]http://www.youtube.com/watch?v=56WjFX_iDMI[/youtube]