I hear a lot of speeches about how good the economy is doing{especiallyfrom Republicans}.
I wish to bring your attention to a thread by Voland called the Valentine massecre in the economics forum
It s said a that over 100,000 jobs will be lost in the auto industry.
Perhaps the economy is doing really good on WALL STREET, but on Main street U.S.A. uh, not so hot.
Families are working in most cases two jobs.
We give Tax cuts to the richest people in America, which some of you think is allright.
But if you start asking questions like who pays for this tax cut, and you realise that at the same time funds for education are being cut, V.A. benifits are being cut, HELP WITH HEATING COST ARE BEIN CUT, because the U.S. government does not have the money for these funds, but we have the money for tax cuts.,and if the estate\death tax passes there will be more tax cuts and more funds being cut.
Is it just me or is there something wrong with this system?
Gentlemen and Ladies I await your comments or veiws on this subject.

Actually, you don't even have the money for the tax cuts. Hence the deficit.

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... I am surprised at your insolence in writing to me at all. You know, as I know, that I bought this constituency... may God's curse light upon you and may it make your women as open and as free to the excise officers as your wives and daughters have always been to me while I have represented your scoundrel corporation.
I have the honour to be... your obliged humble servant, Anthony Henley
- MPs reply to constituent, mid 1700s

Point taken.
The late great Will Rodgers once said "America's the only country that drives a car to the poor house".
That may not be a correct quote, but something like that.

The 2007/8 federal budgets make it very clear that domestic spending will see further cuts, including state revenue sharing, in favor of increased military spending. And that of course doesn't include supplementary spending for Afghanistan or Iraq.

Oregon's federal revenue sharing was not renewed and the fall-out from that is already taking place. Our county is planning a special election for increasing property taxes $14M, there are about 75,000 residents in our county, with the election expected to fail due to a 50% turnout requirement. The next step will be an emergency tax levy. Without that money we'd be reduced to one sheriff's patrol daily for the entire county, 20 prisoners in the county jail (capacity 240), one district attorney (from four), all county mental health assistance would cease, all rural schools will close and forget road repairs and such.

At $9B a month for Iraq, our little county's former annual share of the federal revenue pie is burned through in a little over an hour. Are we really stupid, or what?

Trying to be king of the world by military intimidation is prohibitively expensive, as other, past empires have discovered, we're failing at it and still the waste of lives and resources continues as we pile on the debt. Our leadership has discarded the US public well-being as non-essential to their plans of grandeur.

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These are my principles. If you don't like them I have others. ~Groucho Marx~

I may have an idea to solve the Iraq spending policy.
We tell the rich and most powerful men and corporations that they must contribute 50% of all spending in Iraq military and contracts.
5 to 1 odds this problem would be solved A.S.A.P.

On the up side, the budget DOES clarify things when it comes to Bushs priorities. At one time I think there were actually some in America who thought that the pres actually gave a damn about americans. The budget release should clear that right up.

In my state (KS) they are trying to solve the problem by doign away with constitutional balanced budget provisions.

The general public doesn't seem to have a clue about what's going on. All they hear are their warm and fuzzy cooked federal numbers sound bites between sports and reality shows.

No federal tax increases, tax cuts, budget deficits, war and ripping the throats out of state/muni economies. Real responsible leadership.

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These are my principles. If you don't like them I have others. ~Groucho Marx~

You can't do that. This is America.

WRT your idea of taxing the rich, well, if your talking about big businesses they will only pass the cost they have to pay in taxes down to you, the consumer, so while you are all happy about taxing the evil rich, your having to pay more for the stuff you need. Now, when you give tax cuts to rich people they invest it into things like companies and other job producing endeavors. I've never got a job from a poor man. Personally, I think that we should switch to the fair tax, then there will be no complaints from anyone. I'll tell you one thing, the day the government comes in and says it can just start taking what ever they want from private businesses and individuals, basically taxing more than they need, and running this place like they own it is the day I either leave the country (if I'm still allowed at that point) or I start blowing up rail road tracks and taking down cell phone towers.

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Neither am I the means to any end others may wish to accomplish. I am not a tool for their use. I am not a servant of their needs. I am not a bandage for their wounds. I am not a sacrifice on their altars. ... I owe nothing to my brothers, nor do I gather debts from them. I ask no one to live for me, nor do I live for others. I covet no mans soul, nor is my soul theirs to covet.

Ayn Rand, Anthem.

The difference being those with wealth in the US are no longer investing their tax savings in US companies. There is zero demand for US capital expansion, hasn't been any for years. Look at the US auto industry and other manufacturing sectors, a continual drain of jobs with no end in sight. Fast food expansion is definitely taking place to put further poundage on already porky Americans while providing $8/hr jobs with no benefits.

The government is already taking what it wants from the public and giving it to special interests to pursue war and destabilization around the world while American citizens personally pay the price at state and muni levels. That's forecast to expand in the near future as current administration continues looting US wealth for its masters.

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These are my principles. If you don't like them I have others. ~Groucho Marx~

January new housing numbers were just released, down 14.3%, the lowest level since 1997. That's a positive economic indicator?

The National Association of Realtors said that sales of existing homes fell in 40states in the fourth quarter of last year and home prices dropped in 49 percent of the metropolitan areas surveyed, the widest price decline in the history of the Realtors' survey.

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These are my principles. If you don't like them I have others. ~Groucho Marx~