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Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

By the end of 1932, more than 13 million American workers were unemployed. Anxious citizens withdrew their deposits from banks and hoarded cash and gold. By early the next year, more than 9,000 banks had failed.

without tarp.
 
By the end of 1932, more than 13 million American workers were unemployed. Anxious citizens withdrew their deposits from banks and hoarded cash and gold. By early the next year, more than 9,000 banks had failed.

without tarp.

In one of the largest tax increases in American history, the Revenue Act of 1932 raised income tax on the highest incomes from 25% to 63%. The estate tax was doubled and corporate taxes were raised by almost 15%. Also, a "check tax" was included that placed a 2-cent tax (over 30 cents in today's dollars) on all bank checks. Economists William D. Lastrapes and George Selgin, conclude that the check tax was "an important contributing factor to that period's severe monetary contraction."

Herbert Hoover - Wikipedia, the free encyclopedia
 
In one of the largest tax increases in American history, the Revenue Act of 1932 raised income tax on the highest incomes from 25% to 63%.

that may have been a mistake. hoover was determined to balance the budget. huge mistake.
 
By the end of 1932, more than 13 million American workers were unemployed. Anxious citizens withdrew their deposits from banks and hoarded cash and gold. By early the next year, more than 9,000 banks had failed.

without tarp.

That's stupid. Hoarding is a crazy concept. People save money with the intent to spend it eventually. Nobody saves money for the sake of saving money.
 
GOP's Coburn Blocks Bill Disabled Vets Bill

by David Welna

November 11, 2009
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November 11, 2009

The Senate wants to provide $4 billion to help homecare providers for 6,800 disabled veterans of Iraq and Afghanistan. Leaders hoped the measure would sail through on the eve of Veterans Day by unanimous consent, but they got one no vote: Republican Tom Coburn. He says there is no budgeted money for the bill and that other programs should be cut to pay for it, and he isn't backing down.
 
That's stupid. Hoarding is a crazy concept. People save money with the intent to spend it eventually. Nobody saves money for the sake of saving money.

saving money is anti-stimulative. spending money is stimulative.
 
FOR IMMEDIATE RELEASE
March 12, 2003

Disabled American Veterans
National Headquarters
3725 Alexandria Pike
Cold Spring, KY 41076
Phone: (859)441-7300

VETERANS GROUP OUTRAGED OVER BUDGET CUTS

WASHINGTON, March 12-The Disabled American Veterans (DAV) has labeled as
"indefensible and callous;" a plan by the House Budget Committee to slash
$470 billion from domestic spending, including health care for sick and
disabled veterans. The draft budget resolution would leave the $1.6 trillion
Bush tax cut plan intact and allow huge spending increases on defense and
homeland security.
 
In the Bay Area, vet center officials said higher caseloads of Iraq and Afghanistan veterans have stretched resources and, in some cases, required staff to meet less frequently with veterans. Yet, vet centers are not at the breaking point, they said. Numbers are not overwhelming us at this point, said Dick Talbott, who oversees the 31 vet centers in California, Oregon, Hawaii and Guam.
 
who,s this troll? :confused:
 
The "additional illnesses were added one month after an audit showed that 11,000 veterans' disability claims have been pending for more than a year. In a letter to VA Secretary Eric Shinseki, Forbes asked if the VA had a plan to avoid further delays and whether it has the capacity to deal with the increased caseload."
 
Delay is preferable to error.

i agree.
 
saving money is anti-stimulative. spending money is stimulative.

You're better off letting people save money. They won't save it forever. People want to do it, so let them. If you don't let them, then you face repercussions from those actions.
 
well the consensus among economists appears to be that saving money is anti-stimulative.
 
well the consensus among economists appears to be that saving money is anti-stimulative.

The consensus among economists didn't see a bubble so the appeal to authority is not only illogical, it's also stupid.
 
well, keynes was an economist. he felt deficit spending would get us out of a depression. during ww2 the national debt was larger than the national economy. no more depression. keynes was correct.
 
interestingly enough, deficit spending is the opposite of saving or hoarding.
 
well, keynes was an economist. he felt deficit spending would get us out of a depression. during ww2 the national debt was larger than the national economy. no more depression. keynes was correct.

Except we had rationing; we were still in a depression during WWII. It was only when rules were relaxed after WWII that we finally got out of the depression.
 
The economy grew 58% from 1932 to 1940 in 8 years of peacetime, and then grew 56% from 1940 to 1945 in 5 years of wartime. However, the unemployment rate never went below 9% before the draft. During the war the economy operated under so many different conditions that comparison is impossible with peacetime, such as massive spending, price controls, bond campaigns, controls over raw materials, prohibitions on new housing and new automobiles, rationing, guaranteed cost-plus profits, subsidized wages, and the draft of 12 million soldiers.
 
Except we had rationing; we were still in a depression during WWII. It was only when rules were relaxed after WWII that we finally got out of the depression.

so apparently that massive deficit spending did not hurt the economy. the depression was going on during ww2? link?
 
so apparently that massive deficit spending did not hurt the economy. the depression was going on during ww2? link?

The quality of life of most people did not rise during the time period of WWII. So the recession was still going on then.
 
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