Saturday, July 2, 2011

Mahoney Calls on Congress to Cancel the Remainder of the Stimulus

August 31, 2009 by Tom  
Filed under News & Politics

In an op-ed published in yesterday’s Portsmouth Herald, Portsmouth businessman Sean Mahoney called on New Hampshire’s Congressional Delegation to consider canceling the remainder of the stimulus bill as a first step towards restoring fiscal discipline in Washington.

Citing increased unemployment, decreased GDP and a lack of new investment as signs that the stimulus has failed to live up to its promise, Mahoney warns of the bills that will come due for an ineffective government program:

These numbers are not signs of a catastrophe averted. Further, by promising government bailouts for favored industries and wealth transfers to struggling individuals, the Obama administration is setting us up for a prolonged period of economic difficultly even if these economic indicators begin to improve.

In the years to come, the bills for the proposed massive government expansion are going to come due. Since cutting spending, with the odd exception of national defense funding, does not appear to be an option conceivable to our current crop of elected officials, the president is going to have to make some tough choices.

Absent attempts to curtail spending, Mahoney called on Members of Congress to, “honestly explain how they, and generations of Americans, intend to pay for their policy decisions.” However, with lawmakers shunning public events this August, their opportunities to do so have been limited.

In July, Senator Jon Kyl (R-AZ) similarly called on the President to cancel the rest of the stimulus funding. He was soon after subject to a bit of “Chicago politicking” as the Obama Administration launched a series of thinly veiled treats regarding stimulus dollars slated for the Grand Canyon State.

No word yet on any retaliation against New Hampshire’s stimulus dollars.

This op-ed is Mahoney’s second in as many months. In July, he took aim at the waning public support for ObamaCare, voicing concerns about the legislation’s costs, writing, “President Obama has said he will not sign a bill that increases the deficit. Every new cent of spending in the health reform bill must be paid for with new taxes. Good luck.”

Mahoney, the publisher of the New Hampshire Business Review and New Hampshire Committeeman to the Republican National Committee, has been mentioned as a potential challenger to Rep Paul Hodes in next year’s U.S. Senate race.

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