On 07/06/2011 6:18 PM, wf3h wrote:
while the ku klux clowns are blaming obama for bush's turning the
economy over to the chinese, let's look at the effects of 10 years of
bush tax cuts
http://motherjones.com/mojo/2011/06/...-bush-tax-cuts
Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the
public debt, 50 percent of the total debt accrued during that time.
Over the past 10 years, the country has spent more than $400 billion
just servicing the debt created by the cuts.
Tax collections have plunged to their lowest share of the economy in
60 years.
Between 2002 and 2007, employment increased by less than 1 percent
when the economy was supposed to be expanding. Employment growth
barely kept pace with population growth. Between the end of 2001, when
the country was in a recession, and the peak of the real estate
bubble, er, economic expansion in 2007, the US economy performed worse
than at any time since the end of World War II.
Median weekly earnings fell more than 2 percent between 2001 and 2007.
Meanwhile, people making over $3 million a year, who account for just
0.1 percent of taxpayers, got an average tax cut of $520,000, more
than 450 times what the average middle-income family received.
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and the right wing tells us how WONDERFUL this is...the rich are
getting richer...the middle class, worthless scum that they are, are
paying for it.
as god intended.
Do the math fleabagger. Oh wait, I forgot, fleabaggers are mentally
challenged so lets summarize it.
Now 0.1% is 1:1000. Only about 100M taxpayers. That means the claim is
100,000 people make over $3M/year. First, I seriously question that
number as being far too high, but lets go with it.
100,000 * .5M is only $50B so.... with a $1600B overspend, where do you
suggest the other $1550B comes from?
Fact of the mater is you fleabaggers are stupid envious greedy slugs.
And your not so benevolent leaders use your gullibility against you,
makes you good little manipulated sheep.
Now for the management principle here, taught in MBA and political
degrees: guide them to envy/hate others and they will hate you less.
Even school kids know this. But alas, you are a stupid fleabagger.
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Government isn't the solution to the bad economy, it is the problem.