Latest topics
» Stillnutty passed away
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyWed Feb 06, 2019 3:59 pm by Sad American

» UF2 Members Chat Thread: Part 3
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyThu Mar 02, 2017 1:02 am by DesperateInRI

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyWed Mar 01, 2017 8:19 pm by DesperateInRI

» I see this board has been quiet
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyTue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyTue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyThu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyWed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptySun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyTue Jan 20, 2015 5:48 pm by Prof_NSA

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyFri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptySat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyMon Oct 06, 2014 12:16 pm by oncemore

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyFri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyMon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% EmptyThu Sep 25, 2014 11:56 pm by pbrad009

Social Networks
November 2019
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930

Calendar Calendar


Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5%

Go down

Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5% Empty Why Deficit Cuts Should Be Triggered Only When Unemployment Reaches 5%

Post by Guest on Fri Nov 11, 2011 6:31 pm

Yet no one is talking about the most obvious trigger of all — no budget cuts until the official level of unemployment falls to 5 percent, its level before the Great Recession.

The cuts will come on top of the expiration of extended unemployment benefits, the end of a payroll tax cut, and continuing reductions in state and local budgets — all when American consumers (whose spending is 70 percent of the economy) will still be reeling from declining jobs and wages and plunging home prices. Even if Europe’s debt crisis doesn’t by then threaten a global financial meltdown, this rush toward austerity couldn’t come at a worse time.

In other words, what will really be triggered is a deeper recession and higher unemployment.
http://www.nationofchange.org/trigger-happy-why-deficit-cuts-should-be-triggered-only-when-unemployment-reaches-5-percent-13210225#.Tr2RK0fstQQ.twitter

Guest
Guest


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum