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User Name Thread Name Subject Posted
GUEST,Neil D BS: 800,000 Americans to lose UnEmp. Benefit (74* d) RE: BS: 800,000 Americans to lose UnEmp. Benefit 02 Dec 10

Of course it is morally reprehensible to cut benefits for poor people while giving tax cuts to millionaires, but it is also very poor fiscal policy, especially while trying to scrap our way out of the worst financial meltdown since 1929. This particular financial situation has been characterized as having a jobless recovery. In other words, Wall Street is getting healthy while Main Street continues to suffer. The non-partisan GAO has postulated that the single best way to kick start job growth IS continued unemployment benefits. On the other hand tax cuts for the wealthy in the hopes that they will use them to create jobs, trickle-down or voodoo economics, has been a proven failure. During the Bush administration two separate tax cuts were passed that mostly benefited the wealthy and yet only 2 million new jobs were created (only 125,000 per year). By contrast, during the Clinton over 20 million jobs were created.

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