Here is a link I got in an email Click here to start
Reblogged from Voting American. They like to refer to us as senior citizens, old fogies, geezers, and in some cases dinosaurs. Some of us are “Baby Boomers” getting ready to retire. Others have been retired for some time. We walk a little slower these days and our eyes and hearing are not what they once... Continue Reading →
Here is simple post, just a little basic economics. I would just like to add a couple of notes of clarification. When you read about the three bad ways the Feds get money, remember two things: (1) with the exception of inflation, we have the same problem with state and local governments, and (2) government does not produce wealth. Because government does not produce wealth, it must take it from us. If government actually produced wealth, government would not need to tax us.
The 3 main ways the Federal Government gets money are bad. The 3 ways are taking money in taxes, borrowing money in bonds, or printing money on paper.
Taking money in taxes kills jobs. Because capital creates jobs. Let’s say one quarter equals one job. Every quarter taken out of the economy kills a job. The money (averages about $50k) circulating in the economy would create and sustain one job. So, every dollar taken out of the economy kills 3 to 4 jobs. If it is spent by the Federal government as a stimulus to create jobs, the whole dollar only produces about a quarter’s worth of work. 3 to 4 jobs are killed to create one job – that only lasts as long as the taxes keep getting taken and spent.
Borrowing money in bonds crowds out other capital. If the capital is spent buying government bonds it is not spent elsewhere. Like…
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Yesterday, The Hill reported that: “The House will vote this week on legislation imposing criminal penalties on anyone performing an abortion based on the sex of the child,… [read more]” Here is a related story from ThinkProgress.
Incidentally, Live Action launched a new website, Protect Our Girls.com, and released the following video yesterday, revealing Planned Parenthood’s involvement in targeting baby girls for abortion:
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