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<a href="http://www.accessmylibrary.com/coms2/summary_0286-21496214_ITM" title="Facts and information about Why the economy must remain job one: botching economic policy is no way to win the war on terror.">Why the economy must remain job one: botching economic policy is no way to win the war on terror.</a>
Why the economy must remain job one: botching economic policy is no way to win the war on terror.
The American Enterprise
|
June 01, 2004 |
Demuth, Christopher |
COPYRIGHT 2004 The American Enterprise, a national magazine of politics, business and culture (TEAmag.com). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Wartime can be bad times for economic policy. It's not just that military mobilization imposes heavy burdens on the private economy. The larger problem is that the political demands of war can cause government to grow across the board. This tendency has been conspicuous in the first years of the war on terror.
Since September 11, U.S. government spending and regulating unrelated to the war on terror has grown dramatically. Domestic discretionary non-security spending grew by 15 percent from 2001 through 2003 and will probably increase by more than 25 percent during President Bush's first term--a much faster growth rate than at any time during the Clinton ...
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