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CBO says debt bad, somehow doesn't mention unemployment

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jtuck004 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 03:58 PM
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CBO says debt bad, somehow doesn't mention unemployment
So Douglas Elmendorf says we have a budget problem, spiraling health care costs, including Medicare
are a big part of it. This is even without factoring in the deficit, with which the problem grows larger.

In his words "The only way to bring the federal budget into better balance would be to sharply reduce U.S. spending, drastically increase taxes to rates never before seen in the United States or some less dramatic combination of the two"

I have to wonder why a third way, using the power we have as the only source for the dollar and putting the 31,000,000
Americans (will be, officially, more on Friday), our neighbors, who are unemployed or underemployed back to work in good
jobs so they can pay taxes, perhaps amounting to a net of 300 Billion (yup, with a "B") in taxes a year to pull the debt
back down never seems to enter the conversation.

How about a jobs program. Lets have meetings across America to discuss that, and people giving testimony to the Catfood Commission
which builds us up instead of throwing people away.

More, or maybe less, here
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 04:18 PM
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1. Jobs -- making stuff here again -- is what will save us
eventually, it will be the only option.
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