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Fix the budget--this is fun

Posted: Feb 15, 2011

http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html

Try this. As a hint, I suggest going towards the end and starting with the taxation plans first.

Learn anything?

;

The problem with this is.... - Kendra

[ In Reply To ..]
that this does not account for the fact that when taxes go up, employment goes down, thus actually reducing the amount of revenue. Lowering taxes increases actual revenue brought in by taxation. When nobody had any money because the government has taken more than it should, there is no job creation, thus lower incomes and lower revenue. And, of course, as the article suggests, people put out more energy trying to avoid paying taxes.

The problem with that is - it is wrong

[ In Reply To ..]
When President Bill Clinton raised taxes in 1993, the unemployment rate dropped, from 6.9 to 6.1 percent, and kept falling each of the next seven years. When President Bush cut taxes in 2001, the unemployment rate rose, from 4.7 to 5.8 percent to whatever it is now.

It is not wrong. History hand common sense show - Kendra

[ In Reply To ..]
that raising taxes does not create jobs. There were other factors at play during these administrations. If you take an already failing job market and economy and add higher taxes to the mix, do you really think that job creation will happen?

History and common sense - sm

[ In Reply To ..]
also tell us that Bush was NOT handed a failing economy. Far from it. The previous post handed you a couples of fact which you have summarily dismissed, so I have to ask, what history are you talking about and where is the common sense in this logic?

Did you read the article I posted a link to? - Kendra

[ In Reply To ..]
Those facts that you summarily dismissed? That is the history that I am talking about. I am certainly not a Bush fan, but Obama has trashed the economy far more than Bush could ever have hoped to. I really hope that he is not allowed to continue on the ridiculous spending spree, raising taxes to not quite pay for it. Once more people are out of jobs, due to higher taxes, they will then be on welfare or 3 years of unemployment, thus adding even more to spending--raising the debt even higher.

Thank you for posting this site! - Zville MT

[ In Reply To ..]
I shared it over email and facebook - fabulous!

Did anyone fix the budget? Just curious. - Backwards Typist

[ In Reply To ..]
Just curious. The cuts were tough choices.

I did, before I was even halfway through. - Zville MT

[ In Reply To ..]
The cuts were tough choices, but I don't understand where people think the money is going to come from to continue to pay for every pet project. If we don't need it to run the country or protect the country, it goes - simple as that.

I fixed the budget. - Trigger Happy

[ In Reply To ..]
Most of it I fixed by cutting spending. Wish the administration would use that link and perhaps...GET A CLUE. ;)

I am sick and tired of the cuts to poor people. - Why shouldn't the rich pony up?

[ In Reply To ..]
The rich made their money off the backs of the lower and middle class, but the CEOs and Wall Street types keep getting their bonuses, while everyone else gets unemployment and whatever might be donated to the food shelf.

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