Policies have consequences, both good and bad. The right policy environment improves our living standards and makes it easier to address the many problems facing the country – from underfunded public pensions to global climate change.
The opposite is also true. Anti-growth policies decrease our well-being, impoverishes families, and turns our current difficulties into outright crises. The current weak economy and growing turmoil is a vivid demonstration of the consequences from errant economic policies.
It is not simply Congress and the President driving the current anti-growth environment, either. Too many regulatory actions from agencies, such as the U.S. International Trade Commission (ITC), contribute to the anti-growth policy environment that reduce our economic vibrancy.