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Two Worlds

Recorded on August 18, 2011

From The Heritage Foundation, I'm Ernest Istook.

Washington, DC, and the rest of the country seem to be on two different planets.

While Washington has been absorbed with borrowing more money—and increasing spending while they claim to be cutting it—the rest of America is giving DC politicians record-low approval ratings.

Public confidence in our economy has hit its lowest level in thirty years. And 68% say they fear the worst is still ahead.

We could rebound if private businesses had enough faith in the future to start hiring and expanding. But they're held back by uncertainty and threats. When the President and others keep calling for higher taxes, when regulations keep increasing the cost of doing business, and when Obamacare keeps raising costs of insurance, no wonder there's aversion to risk.

The problem is not that government doesn't do enough; the problem is that it does too much.
From The Heritage Foundation, I'm Ernest Istook.