AlbertWesker[RE] wrote:
sergeriver wrote:
We won't ever agree on this issue m8. And I can say I know a little shit of economy, that's what I studied. The best economies in the world take up to 49% of your earnings. Of course, if you cut taxes to the level GWB did, you won't have money for anything but foreign issues, and then people of N.O. are still homeless after a year.
Ok than, the best economies in the world take
up to 49% of individual earnings. What does the U.S. take? (This is a quiz). And why is that important?(Not sarcasm, an actual question on your opinion on why you think that is important)
So we cut taxes as per GWB, and people spend more money boosting the economy (if you haven't checked the DOW and the economy as a whole is on the rise)........ and N.O. has less to do with taxes and more to do with retarded local, state, and fed(FEMA) directors who don't know what they are doing.
Its ok if we don't agree, but you said
THOSE TAXES SHOULD BE USED...to help people with basic needs
Ok every time anyone gets a paycheck, there is something called a "social security" tax, hmmm I wonder what that is used for. Are you saying we need to RAISE taxes on SS?? You failed to respond to my privatization "statment"/question. Do you think privatiziation of SS would be a good idea??
Here you go for your knowledge
http://www.worldwide-tax.com/.I never said RAISE taxes on SS, I said that taxes are very low in the US. And regarding the privatization of the SS it would be a disaster, believe me, they did in other countries and didn't work. Do your research.
Now you are happy coz they are taking less money from your earnings, but you are absolutely wrong about the economy boom in your country.
Bush Administration Fails to Jumpstart Economy
As of May, 2005, there have been 893,000 jobs created over the first 52 months of the Bush presidency - a gain that is due solely to the 917,000 jobs created in the government sector that offset the 24,000 jobs lost in the private sector. Since the Great Depression, no other president who served at least 52 months has overseen a net loss in private sector jobs through this point. In addition to lack of job growth, real weekly and hourly wages have declined since the start of the recession. At a time when middle-class Americans are experiencing stagnant wages and vanishing benefits, CEO pay continues to rise.
Source: Center for American Progress, Economic Policy Weekly, Jenna Churchman, June 6, 2005
Bush Budget Slashes Education, Veterans' Health Care, Law Enforcement, and Environmental Protections
The Bush administration's budget for the 2006 fiscal year will cut non-defense discretionary spending, including education, veteran's health care, law enforcement, and environmental protections. In all, President Bush's fiscal 2006 budget plan calls for elimination of or drastic cuts from 154 programs. Funding for the Iraq war, however, was recently increased. A House subcommittee approved an initial $45 billion for military operations in Iraq and Afghanistan next year, two weeks after Congress approved $82 billion for this year's costs of the conflicts. Although President Bush argues that it is too early to request money for the wars during the 2006 budget year, which starts Oct. 1, with no timetable for withdrawing U.S. troops from Iraq and Afghanistan, war costs are certain and many lawmakers are reluctant to wait for his request.
Source: Washington Post, "Bush's '06 Budget Would Scrap or Reduce 154 Programs," Judy Sarasohn, February 22, 2005; Washington Post, "House Bill Would Provide $45B More for War," Liz Sidoti, May 24, 2005
Numbers Contradict Bush's Claims of Economic Growth
In the 2005 State of the Union address, Bush said that more Americans are going back to work and that the economy is growing and healthy. The numbers don't necessarily support this assumption. Job growth over the last 18 months has fallen short of administration predictions by 1,703,000—more than one-third fewer jobs than the president's Council of Economic Advisers said would be created. Present employment levels show only 119,000 more individuals working than when Bush took office in 2001, which is effectively a decrease in employment rates, as the total civilian labor force grew by more than two million workers in 2004 alone, according to the Department of Labor. Additionally, the most recent data from the Census Bureau show that the average income for middle-class households has dropped by $1,525 since its peak in 2000. The labor force participation rate—the percentage of people either working or looking for work—fell in Jan. 2005 to a seasonally adjusted 65.8 percent, the lowest rate since 1988.
Sources: USA Today, "Fewer Americans participating in labor force or seeking jobs," Barbara Hagenbaugh, Feb. 6, 2005; Department of Labor, "Employment status of the civilian population by sex and age," Feb. 2005; Center for American Progress, "American Progress Report: Talking Points," Feb. 2, 2005; Center for American Progress, "On the January Employment Situation," Scott Lily, Feb. 4, 2005; "State of the Union," President Bush, Feb. 2, 2005; Economic Policy Institute, Feb. 4, 2005.