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Thread: "Spending Cuts Coupled with Bush Tax Cuts Shrink US Economy and Raise Unemployment"

  1. #21
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    Re: "Spending Cuts Coupled with Bush Tax Cuts Shrink US Economy and Raise Unemploymen

    Interesting that the OP wants to combine cuts and removal of Tax cuts together instead of focusing on each seperately. Budget cuts are going to lead to more unemployment as useless and costly programs and their employees are cut, duh.

  2. #22
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    Re: "Spending Cuts Coupled with Bush Tax Cuts Shrink US Economy and Raise Unemploymen

    Quote Originally Posted by TheDemSocialist View Post
    This reports is a direct rebuttal of everything congressional republicans have been spewing wince the beginning of Obama's presidency. Their need to "shock ans awe" us viea the media has been part of this corporate news cycle for 2 years now. Lets see if the corporate media will push this truth in the evening news?
    Quite the opposite. The most substantial component of the report's predictions of a shrinking economy and rising unemployment is the scheduled expiration of the Bush tax cuts.

    The "alternative scenario" that they advocate would extend the Bush tax cuts, eliminate Obama's payroll tax cut, and implement only the discretionary budget portion of the Budget Control Act (in addition to extending the usual Medicare and AMT fixes).

    Thus, they're pretty much in line with most everything Congressional Republicans have been "spewing," except for $40 billion dollars in nondiscretionary spending cuts.

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    Re: "Spending Cuts Coupled with Bush Tax Cuts Shrink US Economy and Raise Unemploymen

    The thread title should be:

    "Spending Cuts Coupled with the Expiration of Bush Tax Cuts Shrink US Economy and Raise Unemployment"

  4. #24
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    Re: "Spending Cuts Coupled with Bush Tax Cuts Shrink US Economy and Raise Unemploymen

    Why no mention of these issues (tax increases and spending cuts) separately is made baffles me completely, as most CBO nonsense does. Taxing more is fairly straight forward to estimate the effect of, as that much dollar for dollar is taken from those that would otherwise spend, save or invest it in the private economy. Spending cuts, on the other hand, are much harder to gauge the economic effect of since cutting program A may do nothing, but cutting program B may cause a big ripple effect.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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