Quote Originally Posted by vetbass View Post
if we do default obama will make sure that Mr. Stewart will get what im sure of is his much deserved retirement and ss check--however every american will suffer because interests rates will skyrocket--that means house loans-car loans-business loans-school loans will be more expansive--therefore once again the middle class folks will suffer which in my opinion is exactly what the extreme right wants so they can try to get rid of obama--the right continues to sacrifice the middle class to protect the rich who they say are the "job creators"-- I am a business owner and exactly what the right considers is a "job creator"--in no way shape or form does what i pay in taxes determine if i create jobs--consumption is what creates jobs--people consuming my product is what stimulates job creation not if I have to pay an extra 2-3% in taxes--the majority of consumption in this country comes from the middle class--the middle class indirectly creates jobs in this country not the top 2%--expecting the middle class alone to balance the budget will kill consumption, business and jobs
sorry for such a long rant
Well if the taxes are raised on big business, doesn't that give big business incentive to outsource labor to over seas? If they do that then that would raise the unemployment rate and decrease the size of the middle class and increase the size of the number of people near the poverty level. I think that unemployed people would spend less, thus decreasing consumption which according to you creates jobs. I saw what happened in Pittsburgh when cheap Japanese steel decimated our steel industry in the 70's and 80's. I also saw Texas Instruments move across the border to reduce labor costs. Plus a business making $250,00.00 a year is not a very big business. It is a small business. My Family Income comes close to that and I'm not a business. I agree to a certain extent of what you say but there has to be a balance. Government, through policies needs to create a business friendly environment. They will never do this with extreme policies based on their ideology.