Center for Freedom and Prosperity Foundation
For Immediate Release
Monday, August 17, 2009
New Video Explains Why Government
Spending Hurts Economic Growth
(Washington, D.C. Monday, August 17, 2009) -- The Center for Freedom and Prosperity (CF&P)
has released a new video listing the key reasons why excessive government spending undermines economic performance. Entitled "Eight Reasons Why
Big Government Hurts Economic Growth," the video uses macroeconomic and microeconomic analysis to explain why the Bush-Obama policies of bigger government hinder the economy's long-run vitality.
Links to the video: YouTube | Yahoo
| Capitol Hub
The video uses common-sense language and analysis to demonstrate the negative consequences of excessive government spending. "This mini-documentary gives the
viewer a great foundation to understand the economic impact of federal spending," said CF&P President Andrew Quinlan
, who further noted that, "While a core level of spending on public goods is acceptable, government outlays in the United States are far above that level."
The video, narrated by Dan Mitchell of the Cato Institute, is a continuation of
CF&P's successful economic video series. CF&P videos, on a variety of free market topics, have been viewed over 600,000 times and have earned praised from experts such as Larry Kudlow and Art Laffer.
This Center for Freedom and Prosperity Foundation video analyzes how excessive government spending undermines economic performance. While
acknowledging that a very modest level of government spending on things such as "public goods" can facilitate growth, the video outlines eight
different ways that that big government hinders prosperity. This video focuses on theory and will be augmented by a second video looking at the empirical evidence favoring smaller government.
The following are the links to other CF&P Foundation videos including Tax
Competition Primer, Global Flat Tax Revolution, Cutting the U.S. Corporate Income
Tax, Promoting Prosperity, Obama's So-Called Stimulus, Obama's Deferral Proposal, Case Against Class-Warfare Tax Policy, a three part series on the Benefits of Tax Havens and a another three-part series on the Laffer Curve.
For additional comments:
Andrew Quinlan can be reached at 202-285-0244, firstname.lastname@example.org
Dan Mitchell can be reached at 202-218-4615, email@example.com