I wish I had written this. The tattered idea that giving more money to those already swimming in it will create jobs has been DISPROVEN by the last two Republican administrations. Time to try something new. I have a commenter who continuously claims taxing the rich won’t help. That cutting taxes for the middle class and small business won’t help. The “Right” has been claimimg that small business needs help. If this is so; why the emphsis on less taxes for the wealthy? Small businesses are not run by the 1%. they are run by people mostly like you and I. They have been bamboozled into supporting the Republicans based on their false promises to help and a dersire to be seen as one of the wealthy businesses. The Republicans keep telling them that they are kindred spirits; that the Republicans will help make them BIG businesses. They have failed as can be seen from our current struggle to get back to even. After twelve years of Republican rule; the wealthy are still wealthier than ever and the middle class is sinking into poverty. Unfortunately;my economic savvy is wanting but it doesn’t take an economist to see that we were in such a slump four years ago because of the policies of the Right who held the Presidency ; largely due to their scare tactics regarding terrorism and 9/11. “mykeystrokes” has a far better grip. So read and enjoy and thanks as always to the author
Let’s get one thing straight: America is not facing a fiscal crisis. It is, however, still very much experiencing a job crisis.
It’s easy to get confused about the fiscal thing, since everyone’s talking about the “fiscal cliff.” Indeed, one recent poll suggests that a large plurality of the public believes that the budget deficit will go up if we go off that cliff.
In fact, of course, it’s just the opposite: The danger is that the deficit will come down too much, too fast. And the reasons that might happen are purely political; we may be about to slash spending and raise taxes not because markets demand it, but because Republicans have been using blackmail as a bargaining strategy, and the president seems ready to call their bluff.
Moreover, despite years of warnings from the usual suspects about the dangers of deficits and debt, our government can borrow at…
View original post 662 more words