Monday, December 10, 2012

Economy - #4383 - The Fiscal Cliff is Almost Everything the Democrats Want - David Marotta - Forbes (2) Unemployment Plunges to 3.8% for Government Workers; Government Adds 35,000 Jobs in November, 544,000 Since July - CNS News

The so-called fiscal cliff is a series of tax increases and spending cuts bundled into a name to scare people and serve political ends. It is a crisis fabricated 100% by politicians. And avoiding the fiscal cliff is being used hypocritically for additional political gain. The Democrats prefer much of what the fiscal cliff would mean. They want tax increases in general, specifically on high earners. They campaigned on raising taxes on those in the top two brackets. They act as though the resulting tax increase on the middle class will be catastrophic. But they also argue that these are the tax rates in force during the Clinton administration when the economy did just fine. During the Clinton years, spending was under control. Regulations were less oppressive. And most importantly, average corporate tax rates around the world were higher than the United States. Since then the world has cut more than we have and left the United States with the highest marginal corporate tax rate in the world. Obama claims tax increases on the middle class may cause a recession. He has said the taxes on a family of four will go up by $2,200. Meanwhile taxes for those earning over $500,000 will rise $119,878. And those earning over $200,000 will pay an extra $39,880. Obama would have you believe that $2,200 is a fiscal cliff, but $119,878 is just paying their fair share.  Read more..........

Unemployment Plunges to 3.8% for Government Workers; Government Adds 35,000 Jobs in November, 544,000 Since July - CNS News - The unemployment rate for civilian government workers plunged from 4.2 percent in October to 3.8 percent in November, according to the Bureau of Labor Statistics, as government added 35,000 to its taxpayer-funded payrolls during the month. In October, federal, state and local governments in the United States employed 20,524,000 people. In November, that climbed to 20,559,000. As recently as July, the unemployment rate for government workers was as high as 5.7 percent, according to the BLS. That month, government employed only 20,015,000. Since July, times have been very good for government in the United States, with governments managing to add 544,000 workers to their payrolls. The Bureau of Labor Statistics counts someone as a government worker if they are not in the military and they are currently employed by any level of government—local, state or federal—or they are unemployed, they are looking for work, and their last job was for any level of government.

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