This is the cold truth that every economist knows.... until we put just a little bit more money in the pockets of the people who live check to check, there will be no further growth. Those are the people that HAVE to spend extra money IF they get it. One of the reasons the debt is rising unexpectedly is because there are not as many tax payers participating in the system, from top to bottom, and when the politicians get brave enough to grapple with that reality, we will get somewhere.
It can't happen by way of cuts in gov't services, because that means less jobs, and we can't do it with tax cuts because we already spend more than we take in.
Tax the upper class at a higher rate, or at least make them pay what they owe in real terms, and add back the jobs in the public sector. Rebuild the nations infrastructure that the wealthy use to run their companies on, like roads and the power grid.
Raise Social Security payroll tax contributions to covered earnings of $250,000 or more and it remains solvent for 75 years. Done. Why is it even discussed anymore???
there is a simple fix, and the politicians are too cowardly to say what it is. No grudge fuck news piece in a second rate slag mag about to go out of business is going to change the truth.
If we had simply left the Clinton tax rates stay, at the end of 2013 we would have paid off the entire debt and the entire crash would not have happened.
