Jobs, National Debt, Taxes & Social Security

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 $8 trillion national debt has returned

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

President Eisenhower (Ike) was right.

Social Security: There are a few "Texas oil millionares" who want to abolish Social Security, and "they are stupid." There is no social security crisis. It's been adjusted every few years and it needs another simple adjustment. Read the document that started the privatization kick.

Pensions: ERSAs, RSAs, LSAs, and IDAs. Will proposed changes help Americans to better accumulate financial assets?


	Economics	Economic Theory


	. .

http://zfacts.com/p/330.html | 08/08/08 01:10 GMT
Modified: Thu, 10 May 2007 06:18:49 GMT

Carbonomics
Fix the Climate
Charge OPEC
Free Book
(till publication)

Economic Links

Amazon

From economic disaster to emerging economic superpower in 30 years, the Chinese economy is growing at nearly 10% a year, three times as fast as the US. The manufacturing jobs are going to China and they have all people they need, eager to make 25 cents an hour.
more books

zFacts Home