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Author's Comments in red. Please link to and share.
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Do People Vote Their Pocketbook? Is Politics Run by the Four G's? |
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Author's Comments in red. Please link to and share.
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Do People Vote Their Pocketbook? Is Politics Run by the Four G's? |
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We Produce More and More
From 1979 to 2011 after tax income for top 1% grew at 3.5% per year vs. bottom quintiles 1.5% |
Debt Service is low.
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We Spend Less on Necessities
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We Let Our Federal Government Spend More
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Well-Being, Not Income, Most Important 1) US is first in improving economic well-being. 2) US is first in massive
accumulations from science. The American Dream
Discussion
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Happy or Unhappy, That is the Question
How can
people be unhappy when we produce so much,
while paying low interest and spending less for necessities.
We
let out federal government borrow more and more to enhance our wellbeing.
and while those at the top do pay lots, its not enough to lower the deficit.
The trade
deficit of about $1,700 per person also adds to citizens wellbeing
as foreigners work hard and smart, sell us good stuff cheap,
and invest much of their profits in the US.
Life will be much more difficult if and when the bill comes do.
What Could Go Wrong?
1. Higher Than Projected Interest Rates Could Make Carrying Debt More Expensive.
2. Stagnate Growth Could Continue.
3. Budget Effects of Obamacare and Other Contingent Liabilities
may
not prompt change like the Reagan/O'Neil/Greenspan
1983 Style Payroll Tax Increase.
4. Cost
Effectiveness in Education, Military Spending and
the Redundant Safety Net continue to be Ignored.
5. A quick rather than slow return to high Inflation could hurt economy.
