Austerity in America

iVillage Member
Registered: 02-15-2007
Austerity in America
17
Thu, 11-04-2010 - 12:03pm

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iVillage Member
Registered: 02-15-2007
Tue, 12-07-2010 - 9:41am

iVillage Member
Registered: 03-02-2009
Tue, 12-07-2010 - 12:07am

I'm talking about the current battle over the Bush tax cuts of 8 to 10 years ago. The democrats want to increase taxes, the republicans want to keep them as they are now.

From what I remember, the only way the the republicans were able to get the current tax cuts passed the democrats was to include an expiration date. I believe it was so close that V.P. Cheney had to cast the deciding vote. So yes, it was a republican bill, but no, they did not want the rates to expire.

It also should be noted that the democrats have had both houses for four years and could have extended the

"Resist, we much. We must, and we much. About that, be committed."

iVillage Member
Registered: 02-15-2007
Mon, 12-06-2010 - 12:52pm

iVillage Member
Registered: 03-02-2009
Sat, 12-04-2010 - 11:15pm

Sounds like the democrat answer to fix the economy is to raise taxes. I notice, though, that they are careful to word it as "extending tax cuts" instead of directly saying that they want a tax increase. Why is that?

Funny, they want to extend the Bush tax cuts that they were so against when they were proposed. What gives?

Heck, they've done such a great job with the economy since 2006, and especially the last two years with Obama guiding the ship.

"Resist, we much. We must, and we much. About that, be committed."

iVillage Member
Registered: 09-26-2010
Sat, 11-20-2010 - 9:05pm

Government austerity in the middle of a recession or fragile recovery is dumb.

iVillage Member
Registered: 02-15-2007
Sun, 11-14-2010 - 3:41pm

iVillage Member
Registered: 09-26-2010
Sun, 11-14-2010 - 1:43pm

What did we overspend on?

iVillage Member
Registered: 10-14-2001
Wed, 11-10-2010 - 7:08pm

I think an austerity program is what is needed and what we will be forced to do, thanks to overspending.

"Austerity" can get you thru bad times and is necessary. IF we (and our government) had practiced this, we wouldn't be suffering today.

I totally believe that sometimes we have to have an "austere" time to get to good times.

Soliel
iVillage Member
Registered: 02-15-2007
Fri, 11-05-2010 - 3:14pm

iVillage Member
Registered: 03-02-2009
Fri, 11-05-2010 - 2:37pm

I think I was not clear on what I meant by government jobs not producing anything.

I meant it in a sense that private sector jobs are created when companies need more employees to meet demand and grow the company. Companies generally hire people because that new job will bring in more income for the company than it costs to maintain that job. A profit situation.

That does not happen, generally, in the government. Government jobs are paid for through money collected from the private sector, and may not produce any income at all for the government, while draining money from the private sector. A loss situation.

"Resist, we much. We must, and we much. About that, be committed."

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