Stephen Russell wrote: > 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 Hi Stephen, We need to get our US labor leaders to unionize the Third World. Sure, some of them will get their hands paralyzed like Walter Reuther, but these are times that call for heroes. Once the Third World is eating chicken whenever they like, working a 30 hour week for 30 years with 30 paid holidays per year and retiring comfortably after that 30 years - US wages and employment will recover. -- Regards, Pete http://pete-theisen.com/ http://elect-pete-theisen.com/ _______________________________________________ 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/[email protected] ** 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.
