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Three big reasons for 9.9% unemployment
Written by on May 10, 2010, 01:36 PM
With unemployment now at 9.9 percent, we have to ask, “Where are the jobs?” President Obama promised that if we passed his trillion-dollar stimulus bill, unemployment would never exceed 8 percent. Clearly the stimulus didn’t work. I knew it wouldn’t and I voted against it. But that’s just one reason unemployment continues to go up under the Democrats’ policies. Here are three more.
Taxes – The Democrats have advocated for dozens of new and increased taxes. Many more taxes, including your income taxes, are scheduled to automatically shoot up in January. If you were an employer and you knew your tax burden was about to go up—but had no idea by how much—would you risk expanding and hiring right now?
Regulation—From Obamacare to Cap and Trade, the Democrats’ have been pushing for huge new burdens on businesses large and small. If you were an employer and you knew the cost of doing business was about to skyrocket, would you risk expanding and hiring right now?
Government debt—The federal government has $107 trillion in spending promises it has no plan to pay for, prompting Moody’s to warn of a downgrade of federal debt securities within the next decade. That’s exactly what started the debt spiral that is embroiling Greece and other European countries right now. Even Britain is realizing how much trouble they are in because of years of liberal spending. Knowing that our massive government debt could lead to an even worse economic crisis within ten years, would you expand your business and hire right now?
The keys to job creation are low and stable taxes, less government, and less spending and debt.
Taxes – The Democrats have advocated for dozens of new and increased taxes. Many more taxes, including your income taxes, are scheduled to automatically shoot up in January. If you were an employer and you knew your tax burden was about to go up—but had no idea by how much—would you risk expanding and hiring right now?
Regulation—From Obamacare to Cap and Trade, the Democrats’ have been pushing for huge new burdens on businesses large and small. If you were an employer and you knew the cost of doing business was about to skyrocket, would you risk expanding and hiring right now?
Government debt—The federal government has $107 trillion in spending promises it has no plan to pay for, prompting Moody’s to warn of a downgrade of federal debt securities within the next decade. That’s exactly what started the debt spiral that is embroiling Greece and other European countries right now. Even Britain is realizing how much trouble they are in because of years of liberal spending. Knowing that our massive government debt could lead to an even worse economic crisis within ten years, would you expand your business and hire right now?
The keys to job creation are low and stable taxes, less government, and less spending and debt.
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