Brown army,
I believe I can shed some light on this for you. Through out our history even under JFK when taxes are LOWERED for all, jobs are created, the people that pay tax --not the 40% and growing takers --have more SPENDABLE income that is not given to special interests groups on either side but spent throughout the economy.
Perfect example --read and absorb-try to have a non -partisan position.
The recent trillion dollar stimulous plan. The politicians raved about 'SHOVEL READY" jobs and how the unemployment would stay below 8%. Millions of jobs were to be created or saved.
Two years later with unemployment at 10% our elected leader tell us there were NO SHOVEL ready jobs ????
Billions spent --unemployment up --where did the money joe B was doling out go ???
To public sector union jobs that are paid for BY PRIVATE sector people. The money was also doled out to liberal special interests such as tree huggers,arts and sciences.
The Private sector including the US chamber of commerce had OBAMA'S boot on their throats --never putting together a national budget, spending money and borrowing from China, telling business that taxes would go up and slamming in Obama care which would drive costs through the roof !!!! notice all the unions now begging for a dispensation from Obama care --LOWERING COST -please.
I can also tell you how common sense would have ended this situation.
One do not push a huge thousands of page law that nobody knew what was in it--another entitlement --during a major recession --Obama should have been working on JOBS DAY 1--but obviously while he speaks well --he is incompetant as a leader.
Two the stimulous one trillion dollars equals the amount of federal income tax witholding from our paychecks. The government should have told the American people --all of us --liberal, conservative , independent--for one year --no federal income tax will be with held. But you must use this extra spendable income to stimulate the economy.
Go to malls,restaurants,use contractors, etc,etc .
At the end of the year whatever you would have paid in tax you must have receipts that show in fact the money was spent.
NO special interests groups would have been involved, jobs would have been created in the PRIVATE SECTOR, even parcel delivery volumes would have skyrocketed !!!
The new created Private sector jobs would now create the WEALTH -from which the public sector is kept alive .. surely makes a little sense to anyone not so "dug in" to any ideology.
Fact is the stimulus did create some jobs and it saved others. Economists all admit that. True this was a huge recession WHICH MEANT THE STIMULUS SHOULD HAVE BEEN BIGGER NOT SMALLER.
On "common sense", Obama did focus on job creation on Day 1, he pushed threw the stimulus (to stimulate the economy to CREATE jobs). Health care came later and was passed Jan 2010. On more tax cuts stimulating the economy, Bush tried it in 2008 and it didnt work. Also one third of the stimulus WAS TAX CUTS!! The Obama tax cuts were withholdig tax cuts; we actually never got a separate check, but we got it as more take home pay. And it helped the economy because that is what we do as Americans , we spend our $$. Your idea is quite "common" on the right, but it doesn't make any economic "sense".
Like you really know what "wealthy" people do with their money.
