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Jobs, National Debt, Taxes & Social Security
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Stimulus: After 12 long years, what got us out of the Great Depression? World War II. How? The government started buy tanks and battle ships with humongous deficit spending. That worked immediately. Pretty obvious actually. Buy all that stuff from GM etc., and they have to hire lots of people. And hiring people is what it takes.
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Jobs: This recession has surprised President's Council of Economic Advisers three times. Soon after 9/11 they predicted we would now have 140.9 million jobs. The next year, November 2002, they predicted 137.9 million, in 2003, 136.3 million. But we actually now have only 133.8 million (July 2005). Why didn’t those 7.1 million jobs show up?
The "gross" national debt is owed by the "General Fund," the part of the federal government funded by our income taxes. Other parts of the budget run surpluses (See debt clocks). The debt hit a 50-year low in 1981, and the White House predicts a 50 year high in 2007. (See graph.)
 Dwight Eisenhower
P.S. Had the social security privatizers won the day back in 1990, a lot of us would have had most of our social security benefits tied up in the stock market. As every investment adviser says, diversify! That means, put some in the stock market and some in a safe place like Social Security.
Pensions: ERSAs, RSAs, LSAs, and IDAs. Will proposed changes help Americans to better accumulate financial assets?
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http://zfacts.com/p/330.html | 07/03/09 22:59 GMT
Modified: Sat, 28 Mar 2009 06:32:59 GMT
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Sample Chapters
Carbonomics:
Cap and Trade
Kyoto II,
Oil Security ...
Bear with OPEC ?!
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Amazon
Economics can be interesting and even make sense as this new run-away best seller proves. Faith-based market fundamentalism doesn't work, and neither does ignoring economic incentives. This books gets the balance of economics and other social forces right and explains it with lots of interesting anecdotes.
more books
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