Why Koch Industries Is Speaking Out

Charles G. Koch – Crony capitalism and bloated government prevent entrepreneurs from producing the products and services that make people's lives better. .

Years of tremendous overspending by federal, state and local governments have brought us face-to-face with an economic crisis. Federal spending will total at least $3.8 trillion this year—double what it was 10 years ago. And unlike in 2001, when there was a small federal surplus, this year’s projected budget deficit is more than $1.6 trillion.

Several trillions more in debt have been accumulated by state and local governments. States are looking at a combined total of more than $130 billion in budget shortfalls this year. Next year, they will be in even worse shape as most so-called stimulus payments end.

For many years, I, my family and our company have contributed to a variety of intellectual and political causes working to solve these problems. Because of our activism, we’ve been vilified by various groups. Despite this criticism, we’re determined to keep contributing and standing up for those politicians, like Wisconsin Gov. Scott Walker, who are taking these challenges seriously.

http://online.wsj.com/article/SB10001424052748704288304576170974226083178.html?mod=WSJ_Opinion_LEADTop

Leave a comment

Tuesday

March 1st, 2011

Staff Reporter EducationNews.org

On Twitter

Oklahoma state testing interrupted by tech glitches -- again http://t.co/G8qL86bXfK #edtech #edchat #education

16 hours ago

Pennsylvania cyber charter school teachers join union http://t.co/3ejVLWWLvV #edtech #edchat #education

16 hours ago

UK officials investigate validity of 'Muslim takeover plot' in Birmingham schools http://t.co/2zzPQfteye #ukedchat #education #edchat

2 days ago

On Facebook

Subscribe

Enter your email to subscribe to daily Education News!

Hot Topics

Career Index

Plan your career as an educator using our free online datacase of useful information.

View All