On Mon, Dec 12, 2011 at 10:57 AM, john harvey <[email protected]> wrote: > The Bush tax cuts will be extended because they are backed by both parties. > It makes sense to do them because it's not a lot of money individually, so > it will be pumped right back into the economy. --------------------
I beg to differ. That cut to you and I is costing us an arm and a leg. <http://thinkprogress.org/economy/2011/06/07/238602/chart-debt-without-bush-tax-cuts/> There are plenty of these graphs out there. The idea that the money is pumped back into the economy is a myth. That 10,000 savings to you doesn't come close to generating a replacement of 10,000 REVENUE to the IRS. Sorry but now how and no way is those dollars going to spin cycle that many times to represent 50,000 of spending here in the USA. What happens when that goes to big screen TV out of Korea, a down payment on a Toyota, and a laptop for your kids going back to school? This Global Economy relay deflates the value that trickle down would ever achieve. When will you take the blinders off and see that it is just a stimulus that Washington has to fund via debt borrowing? -- Stephen Russell 901.246-0159 cell _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/cajidmy+ku8gf0bueqhx8la_tz-ibankudjrj7qwdkm1y5w2...@mail.gmail.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
