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You are so right. As long as you avoid the Rust Belt, the economically distressed small towns, the decaying inner cities, the ghettos, the crumbling infrastructure, the traffic jams, importation of 75% of our oil consumption, lack of manufacturing industries, the tent cities, the dispossessed, unfunded liabilities, unsustainable debt, and other signs of desperate people, America is doing FANTASTIC.
Why, with nearly 14 trillions in debt, we are poised for a wonderful economic kaboom.
Oh, drat.
That's an impossible debt to repay.
(Not enough gold in the world)
Just the fact that it will take a while to wind down.....I do not surbribe to the " end of the world as we know it " , thing, quite yet anyway......
You are so right. As long as you avoid the Rust Belt, the economically distressed small towns, the decaying inner cities, the ghettos, the crumbling infrastructure, the traffic jams, importation of 75% of our oil consumption, lack of manufacturing industries, the tent cities, the dispossessed, unfunded liabilities, unsustainable debt, and other signs of desperate people, America is doing FANTASTIC.
Why, with nearly 14 trillions in debt, we are poised for a wonderful economic kaboom.
Oh, drat.
That's an impossible debt to repay.
(Not enough gold in the world)
Unemployment at Its Lowest Level in More than 30 Years: Overall unemployment has dropped to the lowest level in more than 30 years, down from 6.9 percent in 1993 to just 4.0 percent in November 2000.
Is there some reason why you failed to mention that Clinton changed the way unemployment was calculated in 1994?
Quote:
Originally Posted by darstar
Here we go , another one ! All they know , is NO. Nothing constructive, and nothing unexpected.
Well, Mr. Wizard, if you're so smart then why don't you tell us if the Bush tax cuts will be extended or not, and if they are not extended, then please enlighten us and explain how 77% of workers living pay-check-to-paycheck will be able to spend more with their first pay-check of 2011 which will be not less than $20 short for someone earning $10/hour, and how that will end up being $80+/month (and more for those who earn more) and how that will have no impact on disposable income and therefore no impact on consumer spending and therefore no impact on revenues.
[/list]Is there some reason why you failed to mention that Clinton changed the way unemployment was calculated in 1994?
Well, Mr. Wizard, if you're so smart then why don't you tell us if the Bush tax cuts will be extended or not, and if they are not extended, then please enlighten us and explain how 77% of workers living pay-check-to-paycheck will be able to spend more with their first pay-check of 2011 which will be not less than $20 short for someone earning $10/hour, and how that will end up being $80+/month (and more for those who earn more) and how that will have no impact on disposable income and therefore no impact on consumer spending and therefore no impact on revenues.
There is no reason to extend the tax cuts for those making over 250,000. Remember , the 2 per cent will still get their 'cuts" , up to 200,000 plus. That additional revenue can be used better places right now , you must agree on that ? I am for less taxes for everyone , always , but fair is fair, lets put things where they will actually contribute to helping the middle class ,who are taking the big hit here. Actually it will help the 2 per cent rich also , in increased spending and improved infrastructure.... We have to spend our way out of this , there is no other way. We need some inflation again, to get the economy going. yes , it will take more time, we did not get to where we are overnight. Under Clinton , the Country was in much better condition. Eight years of Bush spending has done us in big time....the Wars ( unnessary) , the favors to Big Business , the run a way Banking on Wall Street , all under Bush.... The dems DO share some blame , but , give Obama a break , we need to work together , to get small business going again.
...add to that... The tax cuts expiration would only increase taxes 1% - 3% for those who make more than $250,000... like that's going to make a difference to them...
...add to that... The tax cuts expiration would only increase taxes 1% - 3% for those who make more than $250,000... like that's going to make a difference to them...
That may be true but I'm curious where you got that figure?
The top rate goes from 35% to 39.6%, an increase of 13%. Dividends and cap gains go from 15% to 20%, an increase of 33%...
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