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Middle Class Tax Relief and Job Creation Act of 2012
Every income assistance law in existence
But besides those, yeah, it's a real mystery.
Oh brother.
Here's a hint:
Unemployment benefits help stabilize the economy. But don't take it from me... take it fromm economists:
Quote:
When the economy weakens, revenue growth drops and revenues may even contract. And as unemployment rises, expenditures for programs like unemployment insurance (UI) — and to a lesser but significant degree, food stamps and Medicaid — increase. These revenue declines and expenditure increases are temporary; they largely or entirely disappear as the economy recovers. But they are critical for helping struggling economies avoid falling into recessions and for moderating the depth and length of recessions that do occur.
During economic downturns, consumers and businesses spend less, which in turn causes further job loss. The drop in tax collections and increases in UI and other benefits that occur automatically cushion the blow, by keeping purchases of goods and services from falling more. That is why economists use the term “automatic stabilizers” to describe the automatic declines in revenues and automatic increases in UI and other benefits that help to stabilize the economy when it turns down.
How is tax relief and job creation for the Middle Class a hindrance to the economy? You lost me on that one.
Obama didn't legislate every income assistance law in existance, so that isn't a valid rebuttal.
You guys are going to have to do a lot better. You're making yourself look very ignorant.
It's been this way all along, with the exception of a blip in time, post WW2, when the U.S. was prosperous for a unique set of reasons that are impossible to duplicate, today. This includes a decade long global depression, the destruction of the rest of the developed world's infrastructure, the failure of potential foreign competitors to educate their people and a highly restricted supply of workers. And even then, 20% of the U.S. people lived in dire poverty.
Unions would not have been economically sustainable without labor laws and closed trade borders that prevented non-union competition.
Why would any nation continue to pay a U.S. union tax to buy Made in the USA to sustain U.S. middle class, when the same product could be bought from other nations, for less? It was inevitable and had nothing to do with partisan politics.
No it has not.
Post WWII was the rise of the middle class.
Blue collar/white collar normal Joe's who could afford a home, a car, annual vacations and a decent retirement.
The CBO report itself said Obamacare will not cause job losses.
You're deluded.
Quote:
...the Congressional Budget Office released new data showing the economy could lose the equivalent of 2 million full-time workers over the next three years and 2.5 million by 2024 thanks to the new law.
...CBO Director Doug Elmendorf, in testimony to Congress, said that the law "creates a disincentive for people to work relative to what would have been the case in the absence of the act."
Right..because Americans weren't working for the paycheck
Don't be naive as to not think health benefits have a lot to do with it.. especially in older workers. Some of them actually do have enough savings to retire but don't due to health insurance concerns.
Don't be naive as to not think health benefits have a lot to do with it.. especially in older workers. Some of them actually do have enough savings to retire but don't due to health insurance concerns.
The CBO said it was the subsidy driving their decision.
Work $1 over and you lose your subsidy and have to pay it all back in 2015.
People getting these 90% insurance subsidies are going to be very cognizant of their salaries.
Less crime, less poverty, incrementally better equality....
Of course, there are places where we've slipped, and where things used to be better. Particularly, wealth inequality and the shift of America to a corporate kleptocracy that exists to serve wealthy interests. That's a trend that's not going to change until a lot of the older generation leaves the earth and the scorned millennials have enough power to reverse those trends.
But I think in general, those who decry the decline of the United States are often projecting their own aging and decline in health, status and virility onto the rest of the country.
As an outsider I don't think Americas best days are behind her, indeed Americas worst days were probably becoming embroiled in a pointless war in South East Asia and the Cold War. America today has historically low levels of crime, longer life expectancy than any previous generation before and a very high standard of living, so where did it all go wrong - LOL.
There is always a tendency for people to look back at the past through rose tinted glasses, but if you examine the past properly in the 1970's the US had some very real social problems, parts of big cities such NYC looked like the worst parts of Detroit today, whilst the US had just withdrawn from Vietnam, a war that sadly blighted a whole generation, who were often conscripted.
I agree that some of the lefts whinging and positive discrimination in favour of minorities and the like often border on the ridiculous, but overall Americans have it pretty good when compared to much of the rest of the world.
In terms of the future, my best advice would be to stay out of as many wars as possible, if you look at the countries that do well economically they tend to be the ones who have stayed out of wars as much as possible.
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