To solve our current problems, Washington must lead. But the way to lead is not to raise taxes and put more money and power in hands of Washington politicians ... Democratic leaders say their legislation will grow the economy. What it will do is grow the government, increase our taxes down the line, and saddle future generations with debt. Who among us would ask our children for a loan, so we could spend money we do not have, on things we do not need?
Jindal cannot argue that the stimulus bill raises taxes today as it cuts taxes at least in the short-run. Yes – the present value of future government spending plus any current debt must be financed by the present value of future taxes. So if the President was proposing a permanent increase in government spending, then Jindal might have a point. But had Jindal bothered to actually listen to what the President has been saying – the long-run plan is for fiscal restraint following the current temporary fiscal stimulus.
Jindal is seen by many in Republican circles as their next leader. Yes – Republicans does have a habit of letting economic know-nothings rise to the top of their party.
Update: I did not stay up to actually watch Jindal but some folks at Faux News did and they were not impressed. As David Weigel notes:
Brutal. No one seems to think Jindal performed well.