Home |
Search |
Today's Posts |
#1
![]()
posted to rec.boats
|
|||
|
|||
![]()
while the ku klux clowns are blaming obama for bush's turning the
economy over to the chinese, let's look at the effects of 10 years of bush tax cuts http://motherjones.com/mojo/2011/06/...-bush-tax-cuts Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued during that time. Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts. Tax collections have plunged to their lowest share of the economy in 60 years. Between 2002 and 2007, employment increased by less than 1 percent when the economy was supposed to be expanding. Employment growth barely kept pace with population growth. Between the end of 2001, when the country was in a recession, and the peak of the real estate bubble, er, economic expansion in 2007, the US economy performed worse than at any time since the end of World War II. Median weekly earnings fell more than 2 percent between 2001 and 2007. Meanwhile, people making over $3 million a year, who account for just 0.1 percent of taxpayers, got an average tax cut of $520,000, more than 450 times what the average middle-income family received. ---------- and the right wing tells us how WONDERFUL this is...the rich are getting richer...the middle class, worthless scum that they are, are paying for it. as god intended. |
Thread Tools | Search this Thread |
Display Modes | |
|
|
![]() |
||||
Thread | Forum | |||
Great minds on tax cuts... | General | |||
Bush's tax cuts - EVIL!!!! | ASA | |||
Real humans modify the monkey's tax cuts | General | |||
OT The Bush tax cuts | ASA | |||
OT - So tax cuts don't work? | ASA |