The following article was published in the Fall 2011 edition of the Intercollegiate Review from the Intercollegiate Studies Institute.
Taxing Our Way to Prosperity
By Tom Pauken
How did the United States go from having the strongest economy in the world to facing the most serious economic crisis since the Great Depression? What happened to an American economy that once was driven primarily by manufacturing companies, agriculture, small business entrepreneurs, and a thriving middle class, but now is dominated by Wall Street investment bankers and financial engineers? A country that once prided herself on her strong manufacturing base producing good-paying jobs for American workers has morphed into an economic system in which American jobs are “outsourced” overseas. Our manufacturing base has been hollowed out, and middle-class Americans are sliding downward economically.
Over the past decade, there has been zero private-sector job growth in the United States. The only growth in jobs has been in government (and in sectors—such as health care—in which government is heavily implicated). Government, of course, does not create jobs—if by jobs we mean employment that contributes to the overall production of an economy—only the private sector does that.
Read the rest of the article here.
Or, download the PDF version here.
By John Hendrickson
The United States is at both an economic and cultural crossroads. The economy is still suffering from the “Great Recession” with slow economic growth and 9.1 percent unemployment. The credit rating of the nation has recently been lowered because of the failure of policymakers to appropriately address the spending problem. Our national debt is over $14 trillion and the federal government has been running trillion-dollar deficits, while entitlement programs threaten to consume the entire budget unless reformed. The traditional values and Christian heritage of the nation is also under attack by secular worldviews. Conservatives are fighting a war on a thousand fronts, from restoring the economy and constitutional government to preserving our heritage from a growing secular and relativistic culture. Conservatives who are looking (Continue reading on p. 5 of Sept. edition of LIMITS here)
By KRISTI NIX
Texas Workforce Commission Chairman Tom Pauken said Thursday (Sept. 29) that America has seen zero private-sector job growth over the last decade due to the national corporate tax structure.
“The current U.S. corporate tax system basically exports American prosperity and jobs overseas and we need to change that,” Pauken said in an exclusive interview with The Journal. “We have the most onerous corporate tax system in the world and so over the last decade there has been zero private-sector job growth in the country. Continue reading
The interview can also be watched here.
It’s unclear who President Barack Obama is listening to lately— some days, it’s as if he’s deaf to the real concerns of the country. Putting off his “jobs speech” until after Labor Day — in favor of a vacation in Martha’s Vineyard — was a political misstep that will likely haunt him in 2012.
But there’s one voice he should listen to — a man who can take some responsibility for the tremendous job creation numbers in Texas, Workforce Commission Chairman Tom Pauken.
“National unemployment remains stubbornly high, with the latest figures for July showing 9.1 percent unemployment,” Pauken says. “Even Texas — which has done better than any other state in the nation in adding private sector jobs over the past decade — saw its unemployment rate increase to 8.4 percent in July. If present trends continue, our nation will continue to suffer from ‘structural unemployment’ and the hollowing out of our manufacturing base.” Continue reading