State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.
The future of the economy is looking brighter. The economy is expanding. Economists are predicting an increase in growth. The construction industry is bouncing back. So are investments in machinery and equipment.
The above is true. However, the pleasant economic outlook is permeating, not through
Allan Meltzer, professor of economics at
“President Obama is the victim of bad advice and misinformation. From his advisers, the Democratic caucus and the New York Times, he hears that markets have failed and the country needs more government spending to increase consumer spending. He is told that any plan to reduce government spending and the deficit will bring on another recession and even a new Great Depression. And he repeats the foolish claim that, since the rich spend a much smaller proportion of their incomes, it is good for the country to raise their tax rates.
Meltzer makes the case that the Obama administration should mirror the spending reductions in
In the private sector, businesses attempt to protect themselves from inevitable rising costs of health care and worker benefits by increasing labor-saving capital. Unfortunately, that means layoffs. What can the public sector do? Meltzer suggests putting a stop to new regulations on the private sector.
I appreciate this Meltzer line:
“People are not dumb beasts. Told that the government will spend more, many will expect to pay higher taxes in the future.”
You can read Meltzer’s entire column here.