“pumps more money that doesn’t exist into the economy, either in debt for your grandkids or devaluing the currency in the process”
Classic F-ed up liberal mindset. By not taking more of our money, the gov. is “giving” it to us. Only somebody that thinks all wealth belong to the gov. could even form those sentences. How in the world could people have such a perverted view?
Do we want MORE money pumped into the economy?
Look at the hundreds of billions that went into the economy from paying off Obama’s union campagn donors.
And how did that encourage and enable economic prosperity?
How do you cut the Social Security contributions at the same time the “retirement” program is insolvent?
Would congress had agreed to the Social Security tax cut if it was still taking in more money than it was putting out in benefits? They were spending any and all money that was above the pay out.
Now that there is no surplus to spend, they cut the Social Security contributions? “We no longer have any money to spend from this program anyway, let’s cut the contributions.”
Explain to me.
Economists note paying people not to work is one of the most effective ways to energize an economy.
Is this a SNL skit?
Since this is just a tax freeze how can it dump more money into the economy? And with Seniors and Ret. Military seeing NO COLA raises for the second year in a row....it means more Seniors going on the dole of food stamps, free commodities, and looking for assistance for their electric bills this winter?
The number of old frail seniors on walkers, canes, in wheel chairs lining up for commodities at my community center has nearly tripled in the last 18 months. They look like the hope has been sucked out of them.
If this actually occurs, then revenues to the treasury will grow.
But it also will dramatically raise the federal deficit.
How can both these statements be true? If GDP growth occurs, then taxes will increase to the treasury. Doesn't that help lower the deficit? Apparently not in the zero-sum world of the liberal media.
“Washington’s tax deal pumps more money into economy”
But it’s counterfeit. Only the government gets away with printing counterfeit money. And them no for long.