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Re: U.S. Economy Adds 113,000 Jobs; Unemployment Rate at 6.6% 

By: oldCADuser in FFFT | Recommend this post (3)
Sun, 09 Feb 14 10:45 AM | 76 view(s)
Boardmark this board | Food For Further Thought
Msg. 60958 of 65535
(This msg. is a reply to 60953 by Zimbler0)

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Yea, back in the 50's when the marginal tax rates were near 90%...




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The above is a reply to the following message:
Re: U.S. Economy Adds 113,000 Jobs; Unemployment Rate at 6.6%
By: Zimbler0
in FFFT
Sun, 09 Feb 14 6:09 AM
Msg. 60953 of 65535

Sure.
Back in the 1950's it really was a social welfare
safety net. With the State and local governments
doing the bulk of it.

Today we have welfare paid from the federal level.
No incentive to push the welfare back into the
workforce.

Back in the 1950's the government, more often than
not, was running a surplus. What welfare we had
then was affordable.

Today . . . The deficits are beyond sustainable.

Zim.


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