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2 Bumps

On the economy?

Is it jobs or bailouts? Tax and spend?


Asked by Joeygoat at 11:31 PM on Jul. 17, 2010 in Politics & Current Events

Level 17 (4,243 Credits)
This question is closed.
Answers (6)
  • Reduce the taxes. There are hard numbers that show that lowering taxes actually raise more fed. income because people are working. Working people have money. People with money will spend that money. More people working is a larger base from which to collect that all important income tax. Raising taxes, especially on private industry, cause the industries to contract, lay-off people, close doors, and protect themselves. Raise taxes - less money; lower taxes - more money. Simple economics. PBO uses what Pres. Reagan called "fuzzy math". Next, cut entitlements across the board. None of us are entitled to anything except protection from foreign threats. PBO talks about tightening our belts. Well, do it then. That includes the fed. gov. Stop spending my money when I don't see the benefit of any of the money spent.

    Answer by jesse123456 at 10:49 AM on Jul. 18, 2010

  • I'm not really sure what you are asking... maybe you could give me a couple more details..

    Answer by lovinangels at 12:25 AM on Jul. 18, 2010

  • Bailouts and spending are bad. Jobs are good - destroying industries that provide jobs and offsetting them to public sector which is paid with tax money is bad.

    Answer by NotPanicking at 2:28 AM on Jul. 18, 2010

  • the only thing going to help us recover is bring back the job that have been going over see to cheaper labor....and a shift in the way we as a country think about ourselves

    Answer by cara124 at 12:09 AM on Jul. 18, 2010

  • Well said Jesse.

    Answer by Carpy at 10:59 AM on Jul. 18, 2010

  • Jobs are the most important issue. Rather than federal retrenchment, it would be wiser to change spending priorities . For example, stop subsidising agriculture ,stop big tax breaks to big corporations, especially oil and gas and and divert the funds to industries and sectors with good growth prospects which are more labour -intensive. In addition, fund capital investment in new nuclear power to replace exixting aging facilities, , recycling nuclear waste ( if Europe does it , why doesn't the US ? ) and alternative energies . And stop the haemorraghing of US jobs to other countries by scaling back ' free trade ' policies

    Answer by janet116 at 12:23 AM on Jul. 19, 2010