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You are reading to many American Socialist Party talking points.
But it did happen. It has happened every single time it's been tried.
The unemployment rate was 6.1% when the Bush tax cuts were enacted (May, 2003) and a year later it was 5.6% and a year after that it was 5.1% and a year after that it was 4.6%. Seems like it worked to me.
But then this according to the democrats running against Bush in 2004, was the worst economy in American history.
Let's here what President Kennedy thought about tax cuts.
Oh, and Kennedy's tax cuts worked too taking the unemployment rate from 7.1% in May, 1961 to 5.5% just a year later.
If taxes are good and taxes don't hurt the economy why not tax everyone at 75%?
Oh yes you will and if you don't think so you don't know much about depreciation schedules and US Tax Laws!
My company earns $2 million in profit and I decide to build a new 50,000 sq. ft. manufacturing building hiring 20 new workers using that $2 million. Do you really think I won't be taxed on that $2 million? Yes, I will be, it is NOT a write off so instead of having $2 million to build I'll have to make do with $1 million and not build so big and hire so many.
The difference is in 1961 was we had people running this country who actually cared about it.
By the way the Bush administration increased the number of H1B1 visas to record numbers. Also back in 2003 people were falling off the unemployment rolls much quicker due to the fact that the max was 26 weeks.
We are seeing corporate greed like never before.
If you watch any TV news at all it is pretty clear the American public is being groomed into thinking that having 10% unemployment is the "new normal".
Whether you watch CNN, FOX, or MSNBC the one thing they have in common is "a jobless recovery" mantra.
Maybe the gov't should just get all crazy and cut spending instead of rasining any taxes.
You're right in that they should cut spending so they are not running a huge deficit and racking up huge debts over long periods of time, but I wouldn't do away with the idea of raising taxes. Govt funded projects can create the jobs that the private sector refuses to create due to "uncertainty". See, in a sense, the government creating jobs that we need sort of balances out the private sector's inclination towards efficiency (aka job cuts).
You're right in that they should cut spending so they are not running a huge deficit and racking up huge debts over long periods of time, but I wouldn't do away with the idea of raising taxes. Govt funded projects can create the jobs that the private sector refuses to create due to "uncertainty". See, in a sense, the government creating jobs that we need sort of balances out the private sector's inclination towards efficiency (aka job cuts).
It doesn't have to be one or the other. If you cut spending enough there will be a surplus and then the gov't can have their projects as well.
It doesn't have to be one or the other. If you cut spending enough there will be a surplus and then the gov't can have their projects as well.
So they'd cut spending to free up cash flow just so that they can spend it again? Isn't that counter-intuitive to the idea of creating new jobs? Wouldn't they just be replacing jobs that they had to cut to free up cash flow?
Maybe the gov't should just get all crazy and cut spending instead of rasining any taxes.
No one is calling for a tax increase to give the government more money to spend. Those tax cuts were supposed to be temporary. But what's funny is that the very people who are complaining about our national debt are the same ones calling for extending the tax cuts. What happened to being fiscally responsible? Where's the money for those tax cuts going to come from. Republicans will talk about cutting spending, but notice how they all dodge the question of what they plan to cut. How bout paying for senseless wars, giving subsidies to industries that don't need them, or maintaining a bloated military that funnels money to private contractors like Blackwater? Funny how Republicans are OK with U.S. tax dollars going to build schools in Iraq, but not schools here in the U.S. I don't think they're serious about cutting spending. I think their only issue is with who's on the receiving end.
So they'd cut spending to free up cash flow just so that they can spend it again? Isn't that counter-intuitive to the idea of creating new jobs? Wouldn't they just be replacing jobs that they had to cut to free up cash flow?
Depends on where the cuts come from. I certainly don't think that all the money the gov't spends goes towards creating jobs.
Depends on where the cuts come from. I certainly don't think that all the money the gov't spends goes towards creating jobs.
No, you're absolutely right. They could definitely cut back on some of their lavish vacations, perks, what have you. But it's a double edge sword. If we expect that from them, we should expect that from CEOs as well.
I want to see massive cuts to spending and moderate cuts to taxes. I don't give a carp what party does it.
What spending cuts would you want to see? I have yet to see any Republican who talks about cutting spending actually say what he or she would cut. I personally think we should slash the defense budget, stop giving subsidies to industries that don't need it, get out of Iraq and Afghanistan, and stop fighting a pointless war on drugs along with the war on terror.
What spending cuts would you want to see? I have yet to see any Republican who talks about cutting spending actually say what he or she would cut. I personally think we should slash the defense budget, stop giving subsidies to industries that don't need it, get out of Iraq and Afghanistan, and stop fighting a pointless war on drugs along with the war on terror.
Works for me. Cut back to the bare bones.
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