Friday, July 11, 2003
ATTENTION NON-SPORTS RELATED POST
I want to thank President Bush and members of Congress for my additional $17 every two weeks. Who needs Social Security and Medicare? My 401k is kicking ass. Well, it was three years ago. I am too scared to look now.
Anyway, I went right out and bought a Pocket-PC like I am supposed to under the economic theory of which is the basis of the Jobs and Growth Tax Relief...Act.
Put simply, the job-creation claims of the new law’s supporters are based on this theory: Consumers, wielding bigger paychecks thanks to income tax cuts, will buy more, enabling businesses to expand and hire. Businesses, given new tax incentives to make capital investments, will grow their businesses and workforces (Rossheim, Monster.com).
I did my part. I am just concerned that my fellow Americans will not like the last tax cut a couple of years ago. The theory could not be wrong? Other folks may want to pay down debt or save the money, since we have one of the lowest savings rates and highest debt accumulations of any people in the industrialized world.
If the lawmakers were really concerned about unemployment, then just create jobs. Do not let workers, consumers, business leaders and the market determine job growth. Why are today’s leaders NOT afraid of the irrational behavior of the masses like the Framers of the Constitution?
All of the monies from the tax cut should been distributed to state and local governments with the bulk going to areas hit hardest economically (New York City, the Bay area, etc.) to hire more and necessary public school teachers, police officers, fire fighters, mass transit personnel, parks and recreation staff, etc. Not only would this help the economy but it would further the good work these professionals currently do for their communities.
I want to thank President Bush and members of Congress for my additional $17 every two weeks. Who needs Social Security and Medicare? My 401k is kicking ass. Well, it was three years ago. I am too scared to look now.
Anyway, I went right out and bought a Pocket-PC like I am supposed to under the economic theory of which is the basis of the Jobs and Growth Tax Relief...Act.
Put simply, the job-creation claims of the new law’s supporters are based on this theory: Consumers, wielding bigger paychecks thanks to income tax cuts, will buy more, enabling businesses to expand and hire. Businesses, given new tax incentives to make capital investments, will grow their businesses and workforces (Rossheim, Monster.com).
I did my part. I am just concerned that my fellow Americans will not like the last tax cut a couple of years ago. The theory could not be wrong? Other folks may want to pay down debt or save the money, since we have one of the lowest savings rates and highest debt accumulations of any people in the industrialized world.
If the lawmakers were really concerned about unemployment, then just create jobs. Do not let workers, consumers, business leaders and the market determine job growth. Why are today’s leaders NOT afraid of the irrational behavior of the masses like the Framers of the Constitution?
All of the monies from the tax cut should been distributed to state and local governments with the bulk going to areas hit hardest economically (New York City, the Bay area, etc.) to hire more and necessary public school teachers, police officers, fire fighters, mass transit personnel, parks and recreation staff, etc. Not only would this help the economy but it would further the good work these professionals currently do for their communities.
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Thank you - Red Sox!
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