What are the Republicans in Congress doing?
Even with most of the Republicans in Congress knowing full well that the Bush era tax cuts had a set life span of ten years due to them having been there to vote on them, they seem to think that the tax cuts specifically for the wealthiest two percent of the population is the only way to save this country financially.
Granted, the wealthiest two percent of Americans can have a greatest impact short term by spending money due to the amount that they are capable of spending but they didn't get rich by people force feeding them cash and telling them to spend that cash. The wealthiest of Americans are a mix of family money passed down and people who worked hard to get that money so when someone is willing to hand them hundreds of thousands if not millions of dollars they are more likely to pocket the money than spend it like the Republicans keep insisting will happen if the tax cuts are extended.
The worst part is that the Republicans basically told ninety eight percent of the country that they don't matter when they said to the president that unless the wealthiest of Americans gets to keep their tax cuts, the poorest of Americans are on their own. By insisting on such measures the Republicans are not living up to their duties to their constituents.
It amounts to the Republicans in Congress holding ninety eight percent of the country hostage to their insistence that their mentality of the richest of Americans being the only ones that can bring us out of the recession and that they need help in the form of continued tax breaks that were designed to end in 2010.
Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts
Tuesday, December 7, 2010
Monday, July 7, 2008
the dynamics of the U.S. Economy
Given the dynamics of what has been happening with the U.S. economy due in part to the housing market collapse and the continually rising oil prices, the U.S. economy is going to end up causing long term problems not just in the U.S. but all over the world. The U.S. dollar isn’t the highest valued currency out there but it given the problems in the world markets since its slide downward shows that it is one of the major currencies that help keep the world’s economies going. This by itself has shown that as much as people like to complain about the way the U.S. does business, we have enough influence on the world stage to cause internal problems for other countries just by having internal problems of our own.
There has to be a real involvement from all public and private sectors involved in the U.S. economy in order for the real problems that are plaguing us. The unfortunate part of what is happening with the U.S. economy is the finger pointing that everyone does which only worsens the predicament that we are currently in due to everyone believing that they are not the one that is causing the problem. Everyone who has been pointing fingers at who should be blamed, tend to want everyone to entertain their ideas as if they are the only ideas that are valid.
What is needed is for an organization that has a vested interested in making sure the economy succeeds that is independent of both sides to actually see what needs to happen to protect the economy through giving protections to both sides that force each side to do things certain ways. The normal way that people on handle problems with the economy is for both sides stating that taxes should be reduced but in accordance with how they feel they should, normally with one side stating that the people who have the up front money to hire people should get the tax breaks while the other side states that the lower and middle classes should be the ones to receive them instead.
That mentality does not do the economy justice without first understanding where the underlying problems are with respect to where the most money is spent and why. Granted the top few percentages of income of the United States can out spend all other income levels per person but as income level go, in general most of the spending comes from people who have to do the grunt work so to speak which are in the lower income levels.
This would suggest that any tax breaks need to be targeted to areas that can do the most to help restart the economy rather than blanket cuts to specific income groups, even if it means that the tax cuts be for specific company tax ID numbers for companies with the most potential to hire new employees due to the availability of the products and ability to sell them at a reasonable price for the lower income levels.
We can no longer afford to dance around certain subjects as well, this would be due to the fact that each thing we negate to deal with pet projects or intentionally use as a carrot dangling in front of a donkey to get pet projects approved. Every area of the country needs to have things done and instead of trying play with the lives of people in other districts or other states, the projects that require federal funding should be prioritized so that way what is needed the most gets done first before something that isn’t as important does.
The government has been in charge of maintaining the infrastructure for the streets and highways, but in areas where there is a high volume of traffic for specific purposes the business’ there should be helping to maintain the infrastructure due to the fact that, they are the ones with the vested interest to make sure that the infrastructure is maintained to a specific level. There is one problem with it though and that is the companies that rely heavily on that infrastructure feel that it is the government’s job to maintain it but the companies squawk when they are told by the government that it is either maintain one thing or maintain something else with the money the government does have to maintain what is required of the government.
The government doesn’t help either with protocols that do not always permit interagency communication with matters and protocols that are may be needed in some form but are too costly due to man power or due to the needed supplies to maintain those protocols. What is needed is a way to allow interagency information exchange that maintains the protocols without compromising the integrity of the agency or the data that it requires to be kept inside that agency.
Both the private and public sectors have to shoulder what has happened to the economy instead of pointing fingers at each other for the short comings of both that caused the economic mess to begin with. If either side refuses to shoulder its share of the responsibility then it shows that they are more concerned with the short term band aid effect that has allowed us to limp along till now.
The one question should be; who can do what and when to reverse the negative effects of the spiraling economy?
There has to be a real involvement from all public and private sectors involved in the U.S. economy in order for the real problems that are plaguing us. The unfortunate part of what is happening with the U.S. economy is the finger pointing that everyone does which only worsens the predicament that we are currently in due to everyone believing that they are not the one that is causing the problem. Everyone who has been pointing fingers at who should be blamed, tend to want everyone to entertain their ideas as if they are the only ideas that are valid.
What is needed is for an organization that has a vested interested in making sure the economy succeeds that is independent of both sides to actually see what needs to happen to protect the economy through giving protections to both sides that force each side to do things certain ways. The normal way that people on handle problems with the economy is for both sides stating that taxes should be reduced but in accordance with how they feel they should, normally with one side stating that the people who have the up front money to hire people should get the tax breaks while the other side states that the lower and middle classes should be the ones to receive them instead.
That mentality does not do the economy justice without first understanding where the underlying problems are with respect to where the most money is spent and why. Granted the top few percentages of income of the United States can out spend all other income levels per person but as income level go, in general most of the spending comes from people who have to do the grunt work so to speak which are in the lower income levels.
This would suggest that any tax breaks need to be targeted to areas that can do the most to help restart the economy rather than blanket cuts to specific income groups, even if it means that the tax cuts be for specific company tax ID numbers for companies with the most potential to hire new employees due to the availability of the products and ability to sell them at a reasonable price for the lower income levels.
We can no longer afford to dance around certain subjects as well, this would be due to the fact that each thing we negate to deal with pet projects or intentionally use as a carrot dangling in front of a donkey to get pet projects approved. Every area of the country needs to have things done and instead of trying play with the lives of people in other districts or other states, the projects that require federal funding should be prioritized so that way what is needed the most gets done first before something that isn’t as important does.
The government has been in charge of maintaining the infrastructure for the streets and highways, but in areas where there is a high volume of traffic for specific purposes the business’ there should be helping to maintain the infrastructure due to the fact that, they are the ones with the vested interest to make sure that the infrastructure is maintained to a specific level. There is one problem with it though and that is the companies that rely heavily on that infrastructure feel that it is the government’s job to maintain it but the companies squawk when they are told by the government that it is either maintain one thing or maintain something else with the money the government does have to maintain what is required of the government.
The government doesn’t help either with protocols that do not always permit interagency communication with matters and protocols that are may be needed in some form but are too costly due to man power or due to the needed supplies to maintain those protocols. What is needed is a way to allow interagency information exchange that maintains the protocols without compromising the integrity of the agency or the data that it requires to be kept inside that agency.
Both the private and public sectors have to shoulder what has happened to the economy instead of pointing fingers at each other for the short comings of both that caused the economic mess to begin with. If either side refuses to shoulder its share of the responsibility then it shows that they are more concerned with the short term band aid effect that has allowed us to limp along till now.
The one question should be; who can do what and when to reverse the negative effects of the spiraling economy?
Friday, January 18, 2008
my idea on a way to help the economy
In my opinion the best way to help avoid or limit a recession here in the U.S. is to no follow the rules of "trickle down economics" that the republican party likes to use when it comes to tax cuts due to the fact that the large U.S. companies have shown a willingness to make cuts to try to pad their wallets even more.
Where the economy is based on supply and demand, the best way to stimulate the needed growth to avoid a recession is to put the tax cuts into the largest section of the economy which is the low and middle income levels.
How would giving a tax cut to the income levels that account for the fewest amount of people in the nation who are looking to line their pockets be a viable option to stimulate the economy especially since those same people are cutting jobs here in favor of cheaper workers over seas?
Where the economy is based on supply and demand, the best way to stimulate the needed growth to avoid a recession is to put the tax cuts into the largest section of the economy which is the low and middle income levels.
How would giving a tax cut to the income levels that account for the fewest amount of people in the nation who are looking to line their pockets be a viable option to stimulate the economy especially since those same people are cutting jobs here in favor of cheaper workers over seas?
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