Have our politicians made the usa into another broken-down greece by printing up more dollars?

You have to look at the WHOLE picture. The economy SHRANK---no CIRCULATION AT ALL! Once again, the Republicans con-job economic policy of "trickle-on-down" from the top 1.5% of the nation's wealthiest people if those wealthy few are give HUGE tax CUTS (decreasing our revenues in this country by the $231 BILLION SURPLUS from President Clinton PLUS an ADDITIONAL $690 BILLION in just the year 2001!

---failed BIG TIME and put this entire nation at risk of slipping into Third-World status. Our jobs were outsourced to the point where Americans by and large STOPPED MAKING ANYTHING. Our markets were being FLOODED with cheap imports and those foreign nations were BLOCKING any American-made EXPORTS, so no one was buying.

The financial sector was GOUGING the American people with fees while using their depositors' or investors' funds to BET ON FAILURE, colluding with the housing and credit markets (DEREGULATED, thanks to REPUBLICANS) to fatten their own wallets at the EXPENSE OF THE AMERICAN PEOPLE. When the economy DRIES UP as this one did (as in "hardening of the arteries and no "blood" flow getting either to or from the brain or to any of the extremities, i.e. , "masses of people" or small businesses), the absolute worst thing that can be done is reduce what little money is available by raising taxes!

SPENDING---CONSUMER SPENDING is the key to growing the economy from the GROUND UP (DEMAND-SIDE economics) to REVERSE the severely damaging "supply-side" that has failed all three times used by Republican administrations, but this time made even WORSE by the TOTALITARIAN status of the BAD-FISCAL-POLICIES Republicans! Good news, however...The ill-adviced, deficit-causing, revenue-BUSTING tax cuts for the wealthiest 1.5% of Americans are due to EXPIRE soon, and these elite few will return to the same tax-paying level they had under a very prosperous Clinton administration---the administration that rescued this nation from the Republican-caused COLLAPSE of the savings and loan industry, if anyone recalls, and that left having created 2.2 MILLION new jobs, paid down our deficit by BILLIONS, and leaving a SURPLUS (the one WASTED by Bush/Cheney and the Republicans in control of both Houses). President Obama has thus far paid down the deficit by 8% by using the $181 billion in bank paybacks (CEOs did not LIKE having their fatcat salaries limited by Democrats---no GOP yes votes--to a "mere" $500,000 a year until paybacks were in place), this reported in April by both Reuters and Washington Post.

He is working HARD (as are the Democrats in Congress and the Senate) to EXPAND our JOBS BASE and reawaken our GOP-destroyed MANUFACTURING BASE, using the green energies technologies initiative. Consumer spending must occur if our economy is to grow from the ground up, spreading like an ever-growing RIPPLE that is a REVERSE-DOMINO effect---instead of falling down, the consumer spending causes small businesses to move supplies and make profits, which means expanded hours, rehiring laid-off workers, ordering more supplies...pattern repeated for the suppliers, who then expand hours, hire more workers, order more supplies from the manufacturers, who repeat the expansion pattern...and more hired workers means more consumer dollars being spent which expands the patterns cited...and eventually this 'TRICKLE-UP" (DEMAND-SIDE) method strengthens every single level of the American economy, including those wealthy 1.5% who were made to pay their fair share of taxes once again. President Obama has every Department head CUTTING SPENDING wherever waste or fraud is uncovered.

He himself CANCELED more than $121 billion of GOP spending from the last FY Bush/Cheney budget that ended in 2009 (October 1, 2008 THROUGH TO September 30, 2009) simply by not taking delivery on the new Bush-ordered presidential helicopter fleet or the 168 Cheney-ordered F-22 planes---and these already-appropriated Bush-budget dollars were RETURNED TO TREASURY TO PAY DOWN OUR DEFICIT! This is a step in the right direction. Lobby the GOP to STOP BLOCKING the jobs bill, and we will have small businesses hiring more people, which will increase revenues and consumer spending.

Taxing is not at all wise right now, other than rescinding the horrific tax cuts for the rich...it would STALL the fragile recovery. Later on down the road, however, when we get our GOP-murdered MANUFACTURING BASE fully functional once again, then perhaps taxes could be raised in some areas that would benefit the economy.

Probably because revenues aren't collected on the basis of tax rates alone. They're collected on the basis of tax rates multiplied by the volume of taxable revenue. Raising rates only generates more revenue on the transactions that aren't lost as a result of the tax.

Furthermore, economic growth requires surplus revenue. By definition, maximizing tax revenue brings economic growth to a halt, which means there can be no future increases in revenues. Allowing the economy to use its profits for growth instead of maximizing tax revenue is like leaving a little bit of goose on the table to keep laying golden eggs.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

Related Questions