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CF&P  Press Release, September 15, 2009

Center for Freedom and Prosperity Foundation

For Immediate Release
Tuesday, September 15, 2009
202-285-0244
www.freedomandprosperity.org

Empirical Evidence Confirms that Excessive Government Spending Undermines Economic Performance

(Washington, D.C., Tuesday, September 15, 2009) The Center for Freedom and Prosperity Foundation (CF&P) today released a video on the empirical relationship between the size of government and economic growth. Entitled "The Empirical Evidence Against Big Government," the educational video comes at a crucial time as government spending rose rapidly during the Bush years and Obama is continuing the same failed policies.


Links to the video:  YouTube | Yahoo | Capitol Hub

The video is a sequel to CF&P's previous mini-documentary, which explained the theoretical reasons why big government hinders economic growth. This new video compares government spending in the United States, Denmark, Sweden, Germany and France, and then reviews various measures of per-capita prosperity. The video also reviews scholarly studies on the inverse relationship between the size of government and economic growth.  

CF&P President Andrew Quinlan commented that, "The Center's two-part video series on government spending is a clear and coherent tutorial on the need to shrink the size of government. This new video is especially important for policy makers as they consider White House proposals to radically expand the size and scope of the state."

The video, narrated by CF&P board member Dan Mitchell, a senior fellow at Cato Institute, concludes that while the growth-maximizing level of government spending is difficult to pinpoint, it is clear that government spending to far too high in America and Europe.

Link to first Video: Eight Reasons Why Big Government Hurts Economic Growth
http://www.freedomandprosperity.org/videos/size-govt1/size-govt1.shtml

Executive Summary

Building on a previous mini-documentary that focused on theory, this video from the Center for Freedom and Prosperity Foundation presents real-world data and research showing that the burden of government spending is far too high not only in the United States (where the Bush-Obama policies have increased the federal budget by more than 100 percent), but also in other nations where government budgets sometimes consume more than one-half of an economy's output.

 

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.
Link: http://www.freedomandprosperity.org/videos/videos.shtml

Web Links:

Youtube
http://www.youtube.com/watch?v=4pdmNynEwYA

Yahoo
http://video.yahoo.com/watch/5985890/15563259

Capitol Hub
http://capitolhub.com/video/9238/empirical-evidence-against-big-government


For additional comments:
Andrew Quinlan can be reached at 202-285-0244, andy@freedomandprosperity.org
Dan Mitchell can be reached at 202-218-4615, dmitchell@cato.org

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