I can understand the truth of this statement. The money however does have to come from somewhere...
If balance is taken away from the poor and the middle class it results in personal debt and less spending, sounds familiar?
Both personal debt and a decrease in spending are having a big impact on the economy at the moment.
P.S. being poor is not the same as being on welfare, you can be poor and work too you know.
It seems that many republican supporters have a serious prejudice towards poor people. Like, they are by definition lazy...
The money currently comes from China ... which is a bigger issue than welfare at this point.
Debt is the biggest problem we are currently facing today and exactly why I'm so passionate about this topic at the moment. But make no mistake, all these arguments tie in together.
If it's ok for our gov't to borrow from China (!?!?) and print money out of thin air with no assets backing these funds, it's also ok for a single mom making $22k yearly to take out a $5k credit card to buy Johnny a new bike and drop a couple hundred on back to school clothes for
developerz's junior year of HS. This is absolutely wrong and shows fiscal irresponsibility to the max. But honestly, she's just learning from our government so it's hard to blame that single mom. She needs to thrift and get on a budget and tell her money where to go, not the other way around.
We need massive cuts to keep us afloat ... big gov't, irs, welfare, military, foriegn aid, social security, etc. .... and that's just not going to happen though it's the right thing to do. I'm aware of this which is the only reason I suggest tax breaks for the rich. Sounds weird doesn't it? It's definitly a case of the lesser of two evils.
The only way to keep up with the spending (since it's not going anywhere) is to make more money, which is where tax breaks to the rich come into play.
Poor and welfare are two totally separate things, thanks for pointing that out. Welfare is abused by 90% of the recipiants. Being poor at this point is just being a product of the system. You can work 3 jobs and make $80k/year and still be poor because of debt. But guess what? That person is NOT lazy!
Republicans don't have issues with poor folk, just giving tax breaks to the rich is the easiest way to "duct tape" the problem. Give that money to many poor people and the % that each gets is very small and there is little they can do with it. Give that same money to the rich and the % is much larger (because the rich are the top 3%) and they can build more American business.
Make no mistake, neither party has the answer. We need someone who can think outside the box (ala Ron Paul). Major reform is needed all around to keep us in good shape, no question to it.