Monday, August 22, 2011

Spending Cuts Preferred Over Tax


http://www.huffingtonpost.com/2011/08/22/taxes-cuts-economists_n_932697.html?just_reloaded=1#comments
Economists are number crunchers .
Do they forget that with out Income cuts will be followed by more cuts.
Theses same people allowed the lost of income under Bush.
Lost of Jobs Lost of income.
Over 7 Million unemployed $100 to $3,000.00 dollars in income taxes lost. Do the math.
7,000,000
    x 100
-------------
$700,000,000.00 on the low side 2.1 trillion on the high side.
That is the lost in taxes income to the Federal Government not counting to State Government.
Lost of state sales Tax due to less spending.
Now what about the out going expenses. Unemployment benefits, Along comes Health Care.
Increase Disability claims. increase Child care insurance.
With Income the Governments will keep growing as fast as cuts. Tax to bring Jobs back to American soil.
If you have no income how does one know what to cut.
With The Lost of Jobs Growing so will the Debt Grow.
The debt is grow fasted than the lost of income.
Roosevelt created the Public Works Admin. CC camps to get money into the economy.
As the economy grew then American Jobs came back.
The difference is American are still here but they are in other countries. We receive not taxes back becauses they are in other countries. when we buy those products we send our money over their. once sent over there no part is it will benefit the USA..

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