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You know what doesn't do much to reduce unemployment? Tax cuts, especially for the rich.
You what does reduce unemployment? Unemployment benefits.
It's not just "experts" saying that (althugh most experts would in fact say that) but the non-partisan Congressional Budget Office.
So ask your local member of Congress why he or she is about to throw $700 billion at gazillionaires for something that doesn't reduce joblessness, while not voting to extend jobless benefits and thus telling America's struggling middle class to "eat cake"? meanwhile, people at unemployment offices are starting to get angry and potentially violent. Surprised?
Visit msnbc.com for breaking news, world news, and news about the economy
Saying that all congesspeople should watch the Rachel Maddow show is the equivalent of advocating the killling of government officials. I think you are in violation of your own rules, Mister!— Mr. Smith
spoken like someone who judges Maddow based on politics, not substance. nice, Will, now how can we make them all watch for real?— aud- I am getting sick and tired of hearing about these "Tax Cuts" and this number thrown out (700 billion)that has no merit whatsoever. First, these so called "tax cuts" are really lower tax RATES at ALL income levels ("poor" to "rich"). Second, continued lower Tax RATES have been shown to INCREASE revenue to the Gov't. Maybe if you actually did some actual research, you would see that revenues INCREASED to the Gov't. every time a RATE was lowered. These happened during JFK's tenure, Reagan's tenure, Bush 43's tenure, etc...the problem as has ALWAYS been the problem is....spending. Gov't spending has increased so much so, that no matter HOW MUCH REVENUE comes in, it's not enough. This is why Social Security, Medicare, Medicaid, etc. need to be overhauled. These programs were instituted when the overall population was smaller, compared to what it is today. Adjustments NEED to be made...— KG071
- "Maybe if you actually did some actual research, you would see that revenues INCREASED to the Gov't. every time a RATE was lowered." Really? That would be news to the late President Reagan and to George W. Bush, who lowered tax rates upon taking office and are responsibility for the vast majority of the debt this nation has accumulated. I think George H.W. Bush had it right when he called your theory "voodoo economics."— will
Agreed Will, the facts are on your side. Lets not forget what happened when Clinton raised taxes. More revenue, more jobs, more robust economy. Of course facts dont mean anything to the right when we are talking handouts to the Paris Hilton crowd.— Les Ismore- really Will? Fox news is the devil, but MSNBC is ok?— bobbyd24
Comment removed.- by the way, the 700 million is over 10 YEARS!! much cheaper than that stimulus that worked so wonderfully— Tom813
- Yes, even the unemployed can create jobs by buying things. Now I know that is a no brainer but, well....you know the problem with the right, facts just arent relevent. Yes, this is America in 2010.— Les Ismore
Will, you're talking to a Republican. Don't use real facts, it only makes them froth at the mouth more. Use soothing, Fox News-approved lies.— Hamlet- Comment removed.
- Comment removed.
- ===]]] ..the problem as has ALWAYS been the problem is....spending. Gov't spending has increased so much so, that no matter HOW MUCH REVENUE comes in, it's not enough. [[[===
--snip--
In 1980, non-interest spending was 18.8 percent of GDP. President Obama’s budget projects non-interest spending at 18.6 percent of GDP in 2020. This means that in 40 years spending has actually fallen slightly as a share of GDP.
--snip--
— Talking point sleuth - you know, what is really amazing is that no matter how many times the many memes about Reagan are knocked down, the right just refuses to learn. I have to admit though that in comparison to the crop of "leaders" on the right, Reagan stands head and shoulders above them in the ability to face facts and make some hard choices like raising taxes (which he did) and pulling out of no-win military engagements (which he also did).— Les Ismore
- Comment removed.
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About Will Bunch
Will's new book: Learn about it here and purchase it here.
Will Bunch, a senior writer at the Philadelphia Daily News, blogs about his obsessions, including national and local politics and world affairs, the media, pop music, the Philadelphia Phillies, soccer and other sports, not necessarily in that order.
Will Bunch, a senior writer at the Philadelphia Daily News, blogs about his obsessions, including national and local politics and world affairs, the media, pop music, the Philadelphia Phillies, soccer and other sports, not necessarily in that order.
E-mail Will by clicking here.
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