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truedelphi

(32,324 posts)
Tue Jul 31, 2012, 05:29 PM Jul 2012

Big Bankers feel joy; Municipal workers feel pain.

Since June 2009, over half a million municipal workers have been slashed off of their cities' work forces.

It's not only their pain, but shared pain. The drag in their personal economy is reflected in the half percent loss to USA's GDP every single quarter. A half percent drop in the GDP experienced each quarter becomes significant when it NEVER ever ends.

Story in today's "Christian Science Monitor."

URL is here:

http://www.csmonitor.com/USA/2012/0731/Public-sector-belt-tightening-thrift-or-long-term-drag-on-US-economy

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Big Bankers feel joy; Municipal workers feel pain. (Original Post) truedelphi Jul 2012 OP
We are not alone upi402 Aug 2012 #1
That is a point that seems to escape the politicians that rattle on and on truedelphi Aug 2012 #2

upi402

(16,854 posts)
1. We are not alone
Thu Aug 2, 2012, 11:12 PM
Aug 2012

"But you end up having the tax base for essential services like schools and hospitals and police and fire, just have to be paid, and they end up being paid by people who are unable to avoid tax. They pay it through sales tax."

The super rich have evaded taxes on as much as $32 trillion of assets hidden in secret tax havens
http://www.cpa-connecticut.com/blog/?p=6135
England captive as government workers, unions, and citizens suffer & pay.

truedelphi

(32,324 posts)
2. That is a point that seems to escape the politicians that rattle on and on
Sat Aug 11, 2012, 04:47 PM
Aug 2012

About how not having reasonable levels of income tax on people is the American way. That the Rich deserve to pay so little. yet someone has to pay, right? And a sales tax is the worst.

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