So what happens to these people who are unemployed and no longer receiving unemployment benefits? Where do they go when their savings (if any) are depleted? Do they end up homeless? Do they end up in soup kitchens and homeless shelters? Do they end up as uninsured people in the hospital emergency rooms? Do they end up on Welfare and food stamps? Are they being sacrificed for an election campaign? Are they important? Do their lives matter? Or are they being sacrificed in exchange for scoring points against the Obama administration? One thing is clear. The Republicans consider the unemployed the least important of all other issues. I'm sure the Republicans could find a way to help the unemployed. But the Republicans won't because they don't care.
Some Republicans erroneously claim that tax cuts and tax incentives do not increase the national deficit. Yet history speaks against that Republican philosophy. One might recall President Ronald Reagan's 10-10-5 tax cuts which were later diminished by a revenue enhancement package which would net the government 20 billion dollars (more or less) for various purposes including national deficit reduction.
Now the Republicans are claiming that their tax cuts and tax incentives will not deepen the national deficit. When they talk about tax cuts and tax incentives, they avoid the topic of how a poor global economy puts a drag on our economy. They don't mention how exports and imports affect the economy. They treat the US economy as a separate entity rather than as part of a global economy affected by the economies of other nations. Sadly, they are wrong. If the tax cuts and tax incentives fail to revive the economy, they will only serve to drive our nation further into debt --- possibly 6.3 trillion dollars further into debt. Even the most robust recovery will not recoup this national deficit increase.
The Republicans are making the same mistake President Obama made during his presidential campaign: raising the expectations of the voters beyond any reasonable level by denying the realities of this recession and claiming they could improve the employment level.
Published by John Mario
As a child, I wrote short stories and read them to my friends. I studied interior house wiring in a vocational high school. I majored in electrical engineering in college. I worked for 8 years as an electon... View profile
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6 Comments
Post a CommentNot quite...the GOP stated w/o doubt the UI benefits should be extended AND paid for. The monies to extend the bennies could have EASILY been utilized from unspent stim. $$ BUT the Libs are addicted to spending while adding to the deficit.shameful. they are mortgaging the country's economic future for political gain. Additionally, tax cuts that add to the deficit are a POSITIVE because tax cuts CREATES jobs, which stimulates the economy. Simple: tax cuts = more jobs & a sound economy; more $$ in your pocket in a SOUND economy = more $$ in circulation.
I think there's enough blame to go around for both Democrats and Republicans on the issue of unemployment and the economy. This is why I am, and always will be, an independent. Our politicians need to start paying attention to what the people who elected them are saying.
Nice work.
It's so sad. These people work diligently and hope that what they have paid in will help or be there when needed for as long as needed. If they would stop lining their pockets with more than is necessary to live, they could do something 'right' and if not keep the same benefits amounts, at least some benefits.
good report
Right on!