Wednesday, February 4, 2015
Bernie Sanders Obliterates The Republican Job Creator Myth At Senate Hearing
http://www.politicususa.com/2015/02/03/bernie-sanders-obliterates-republican-job-creator-myth-senate-hearing.html DUE 9 FEB 2015. Who is Bernie Sanders and why is he speaking to Congress? What is "trickle-down" or "voodoo" economics? Where did these terms originate and what is the proper economic term for these policies? Discuss Bernie's claim as to how these policies have affected the middle class in the long run??
Subscribe to:
Post Comments (Atom)
Senator Bernie Sanders destroyed the Republican idea of wealthy job creators who must be given tax cuts at the Senate Budget Committee hearing on President Obama’s budget proposal. Bernie Sanders is part of the Independent Political party. Trickle-down economics is the idea that tax breaks or other economic benefits provided to businesses and upper income, such as millionaires, will eventually help poorer members of society by improving the economy overall. It originates in United States politics and is part of the Republican ideology. Voodoo economics is a slanderous term to describe President Ronald Reagan’s economic policies. Reagan supported supply-side economics which favored reduced income and capital gains tax rates. It is also known as “Reaganomics” and originated with George W. Bush.
ReplyDeleteBernie states that the job creators are not the heads of corporations or the wealthy. He states that the real job creators are the millions of Americans who are part of the middle class. Because our economy is based on consumer spending and the working class are the ones who go out and buy goods and services on a day-to-day basis. If they don’t make enough money, they can’t go out and buy these things and the economy suffers as a result. He believes that we should give every willing American a decent-paying job. He argues that they need a budget that creates millions of jobs, raises wages, makes college more affordable, and demands that the wealthiest people in this country pay their fair share. He reasons that the wealthy take their tax cut money and save it, or invest it. Republicans should cut taxes for every American in the middle-class and below if they want to protect the job creators.
Bernie Sanders is an Independent Senator from Vermont. He attended the Senate Budget Committee hearing and is speaking to congress to rebuttal the Republican myth of wealthy job creators who must be given tax cuts. "Trickle-down"economics is the theory that the money that the upper incomes, such as millionaires, make will eventually trickle down and help the lower incomes. This will then eventually help the overall economy in the long run. This is part of the Republican thinking. "Voodoo" economics is a more slanderous term that originated during the Ronald Reagan presidency. It means supporting the producers, or the suppliers, more than the consumers, or the demand. According to Bernie Sanders, the real job creators are the Americans in the middle class. His reasoning is because the economy is based on the working class who spend money on goods and services. He also supports a salary increase, cheaper college tuition, and that every American should get a well-paying job. However, this would cause inflation in the long run.
ReplyDeleteBernie Sanders is the ranking Democratic senator on the Senate budget committee. He is speaking to Congress to address the myth of the job creator, and dispel the idea of tax breaks for the wealthy business and corporate leaders. Trickle down or Voodoo economics is the ideas that tax breaks or any other form of economic benefits provided to the upper income households and businesses will benefit the poorer members of society, and ultimately improve the economy. Former U.S President Ronald Reagan pushed these policies, and these policies are referred to as Reaganomics.
ReplyDeleteSanders claims that these policies will not serve the economy well. He stated that 70% of the economy is based on consumer spending, and since the working American is not earning enough income, they cannot purchase any products or services. He claims the real job creators are the working people who purchase these products, and points out businesses cannot profit and sell their products without people purchasing them. The working American must have a decent paying job in order to help the economy. By cutting important programs like Social Security and Medicare that mainly benefit the working people, we are ultimately hurting the economy.
Bernie Sanders is an Independent and ranking member of the Senate, and he is speaking to Congress in order to disprove the Republican myth of wealthy job creators who must be given tax cuts. He explained that majority of the economy is based around consumer spending, and when consumers don’t earn enough income they won’t spend as much. When consumers don’t buy goods or services businesses won’t grow and the economy suffers, consumers are the real job creators.
ReplyDelete“Trickle-Down” or “Voodoo” economics are both economic policies that believed cutting taxes on high incomes would lead to economic growth. “Voodoo” economics was the term George H. W. Bush used when referring to Reagan’s economic policies. “Trickle-down” economics was a term created by Will Rogers as the policy believed that by giving money to the wealthy it would “trickle-down” to the poor. Both of these terms are related to the economic polices used by Reagan during his Presidency, and they are closely related to “supply-side” economics.
Bernie claims that these policies are moving the economy in the wrong direction. Programs that are designed to help the middle class and lower are being cut so that tax cuts can be given to the wealthy. The wealthy then save or invest the money that they get from these tax cuts instead of putting it back into the economy and because of that the middle class doesn't get enough income and shrinks.
Bernie Sanders is a Senator from Vermont who attended the Senator Budget Committee and dismissed the myth of the job creator who should be given tax cuts. Trickle down economics is the concept that tax breaks or other economic positives provided to companies/businesses and to the upper class will benefit poorer members of society by improving the overall economy. The concept of "trickle down" economics derived from Republican thinking. The term "voodoo" economics is similar to trickle down economics but it is the slanderous form of the word which was used to describe the economic policies of President Ronald Reagan.
ReplyDeleteBernie Sanders claims that the job creators in society are not those who are upper class, rather the middle class is the true job creators. Due to our economy revolved around consumer spending and the working class is making purchases on a day to day basis for necessities. As the middle class works, some do not make enough profits and cannot buy specific items or products which is detrimental on the economy later on. He came to this conclusion because the economy is based on the working class who make up most of the spent money on goods and services in the economy. He believes if the economy provides higher paying jobs for Americans and supports cheaper college tuition and salary increase which, in the long run, it could benefit all of society/economy.
Bernie Sanders is an Independent Senator from Vermont who has recently been promoted to the highest Democratic position on the budget committee. He is speaking to Congress because is arguing Republicans by proving that the American economy is driven by consumer spending, and the biggest consumer are people who are living week to week, buying groceries, paying rent, and putting food on the table.
ReplyDelete"Trickle Down" or "Voodoo" economics promote giving tax breaks to the rich in the hopes that it will also ultimately help the working class. The term is most closely identified with the economic policies known as "Reaganomics" or laissez-faire. According to Bernie, these policies of cutting Social Security, cutting Medicare, cutting Medicaid, cutting nutrition programs for hungry kids, while providing huge tax breaks for millionaires and billionaires would move this country in exactly the wrong direction. In the long run, the middle class has reduced in size; therefore, there should be a serious rebuilding the disappearing middle class, reducing income and wealth inequality, and strengthening Social Security, Medicare, and Medicaid. There needs to be a budget that creates millions of jobs, raises wages, makes college more affordable, and demands that the wealthiest people in this country pay their fair share.
Bernie Sanders is a senator, who identifies with the independent party, from Vermont. He is speaking to congress in order to rebut “the Republican myth of wealthy job creators who must be given tax cuts.” He argues that “There is no special class of job creators. Every single American that puts money back into the U.S. economy is a “job creator.” If Republicans want to protect the job creators, they should be cutting taxes for every American in the middle-class and below.” "trickle-down" or "voodoo" economics is a form of economics that was endorsed by President Reagan. Trickle down economics is the idea that tax breaks or other economic benefits that are provided to businesses and those in the upper class will eventually help less fortunate impoverished members of society by improving the economy overall by creating jobs for the middle and lower classes. This originated from the idea that by helping the wealthy the benefits will “trickle down” to help the poor. Voodoo econmomics is a slanderous term that stems from George H. W. Bush how described President Reagan’s economic policies. The proper economic term for these policies is “supply side economics” this is also known as “Reaganomics.”
ReplyDeleteThese policies have affected the middle class in the long run negatively. Bernie Sanders states that “The American economy is driven by consumer spending, and the biggest consumer are people who are living week to week, buying groceries, paying rent, and putting food on the table.” Therefore the trickle down economics idea is flawed because it is the middle class that is doing the majority of consumer spending. Also, “When the wealthy get a tax cut, they don’t put that money back into the economy” because their tax cut is bigger than an individual in the middle class would get, “The wealthy take their tax cut money and save it, or invest it.”
Bernie Sanders was an Independent Senator from Vermont who was promoted to the highest democratic position on the budget committee. He is speaking to congress for a budget committee hearing. He argues against trickle-down economics and argues that consumers are the real job creators. Trickle down economics is the idea that if tax breaks on the wealthy business owners will allow them to reinvest in their companies and hire more workers. Then, the wealth will "trickle down" to these new workers. This theory is supported by most republicans and is generally considered to have its origin in the Reagan administration. Senator Sanders claims that the American people are the job creators since they buy goods that companies sell. He suggests that trickle down economics will lead the country in the wrong direction. Senator Sanders claims that in order to rebuild the economy, we must build a budget that creates jobs, raises wages, makes college affordable, and makes the wealthiest people in the country pay their fair share. In the long run, the deficit will only decrease if consumers need to spend a lot more money. They need more money in order to spend more money. Once the consumers have more money, then the country can get back in the right direction.
ReplyDeleteBernie Sanders is an American politician and the junior United States Senator from Vermont. He is speaking to Congress because he does not support the Republican myth that Wealthy business executives are the job creators and thus should be given tax cuts. Bernie is trying to say that the working people are the true job creators because they purchase the products and services and if they don’t have an adequate income the economy suffers. “Trickle-down or voodoo economics” is the idea that tax breaks or other economic benefits provided to businesses and upper income levels will eventually lead to poorer members of society benefiting. They originated during the Presidency of Ronald Regan where he wanted to reduce government spending and reduce the federal income tax and capital gains tax. These terms are more formally called supply side economics. These policies are leading to the loss of the middle class. The wealthy are being aided more and more while the lower classes are being helped less. “The Republican philosophy of cutting Social Security, cutting Medicare, cutting Medicaid, cutting nutrition programs for hungry kids, while providing huge tax breaks for millionaires and billionaires would move this country in exactly the wrong direction.Bernie believes that if society is going to reduce its deficit it has to make sure that every American who is willing to work hard is able to get a decent-paying job.
ReplyDeleteBernie Sanders is an independent senator from Vermont who holds the highest Democratic position on the Budget Committee. Sanders is speaking to Congress to destroy the "Republican myth of wealthy job creators who must be given tax cuts" because the middle-class are the real job creators since 70% of our economy is based on consumer spending.
ReplyDelete"Trickle-Down" Economics is the idea that tax breaks or other economic benefits that are provided to businesses and upper level of incomes will certainly benefit the poorer members of society because they will be improving the economy as a whole, this idea is only found in United States politics. "Voodoo" economics is a term used by President George H.W. Bush to slam President Reagans economic policies. "Trickle-Down" economics originated during the Great Depression, while the term "Voodoo" economics originated from George H.W. Bush. The proper economic term for these policies is laissez-faire or "supply-side economics".
Sander's claim to how these policies have affected the middle class in the long term is that they have hurt the middle class, which is disappearing. He argues that the middle-class are the real job creators because our economic is mostly fueled by consumer spending. When they don't have money to spend, our economy faces problems. He believes we need a budget that "creates millions of jobs, raises wages, makes college more affordable, and demands that the wealthiest people in this country pay their fair share. " I think that Senator Sanders is absolutely correct and needs to help create a budget that can do what he believes needs to be done in order to solve the issues found in our economy. If millions of jobs are created, more money will be available for consumers to spend and our economy will be further on the path to recovery.
Bernie Sanders is an Independent Senator from Vermont. Sanders was just promoted to the highest Democratic position on the budget committee. Sanders is speaking to Congress because he wants President Obama's budget proposal to pass. He is also speaking because he believes that American economics is serving the wrong group and that it is inefficient.
ReplyDeleteTrickle down economics is the idea that tax breaks and other benefits for those in the upper tax brackets will inevitably "trickle down" and benefit the poor. The term "trickle down economics" originated during the Great Depression when, Will Rogers criticized Herbert Hoover's fiscal policy. The term "Voodoo economics" was first spoken by George H. Bush to describe Reagan's fiscal policy. The proper term for this process is supply-side economics.
Bernie Sander says, "On the other hand, if we are serious about rebuilding the disappearing middle class, reducing income and wealth inequality, and strengthening Social Security..." By referencing these impacts we can assume that Bernie Sanders is saying that trickle down economics is the cause of this increasing wealth gap.
Bernie Sanders is an Independent Senator from Vermont. He attended the Senate Budget Committee hearing to argue against the fact that wealthy job creators must be given tax cuts. He strongly asserts that the real job creators are the millions of Americans that go out and purchase goods and services, and without a decent income the economy suffers. “Trickle-down” economics is a theory that states that tax breaks or other economic benefits provided to upper income levels would in turn benefit poorer members of the society by improving the economy as a whole. “Voodoo” economics was a more defamatory term to describe President Reagan’s economics policies known as “Reganomics.” These terms originated during President Reagan’s term in which he wanted to reduce government spending, reduce the federal income tax, reduce government regulation, and tighten money supply in order to reduce inflation. These terms were formally known as supply-side economics.
ReplyDeleteAs Sanders stated, Following Republican philosophy, cutting Social Security, cutting Medicare, cutting Medicaid, cutting nutrition programs for hungry kids, while providing huge tax breaks for millionaires and billionaires would move the country into the wrong direction. These policies have affected the middle class to slowly reduce in size. In order to rebuild this disappearing middle class there should be reducing income and wealth inequality, and strengthening Social Security, Medicare, and Medicaid. In addition there must be a budget that creates millions of jobs, raises wages, makes college more affordable, and demand the wealthiest people in the country to pay their fair share. In comparison to the Republican outlook, Obama’s budget moves the country in the right direction.
Bernie Sanders is a senator that was promoted to the highest Democratic position on the budgetary committee. He spoke to Congress at a budgetary proposal conference, speaking with the chairman on the idea of the “job creator.” He also “destroyed” the idea that companies present this job creating behavior and that business’s should not be given tax cuts to open up more jobs.
ReplyDelete“Trickle-down” or “voodoo” economics is the idea that wealth that starts with businesses (those who supposedly make the jobs with their ability to expand and house more workers) slowly trickles down to the lower classes bit by bit. The “trickle down” effect comes from United States policies during the Reagan administration, which also earned it the more critical name, “voodoo” economics.
This a conservative/Republican economic view, and it is something that Sanders has attempted to make myth. 70% of the economy deviates from consumer spending. When they can’t afford a company’s products, they simply stop spending – because companies “can’t sell products and services unless people have the income to buy them. The real job creators are those millions of Americans who every day go out and purchase goods and services.” The money that the rich receive from tax cuts will be saved and invested, not turned into the economy to stimulate growth and the “trickle down” effect.
Bernie sanders is a Junior United States Senator from Vermont. He spoke to "disprove" Ronald Reagan popular economic invention of "trickle-down economics " the act of give tax cuts to the rich and intern magically will benefit the poor or middle class. "Trickle down theory", chiefly and originally in United States politics, is the idea that tax breaks or other economic benefits provided to businesses and upper income levels will inevitably benefit poorer members of society by improving the economy as a whole.[1] The term has been attributed to humorist Will Rogers, who said during the Great Depression that "money was all appropriated for the top in hopes that it would trickle down to the needy." Bernie states that there the people who own companies are not the ones crating jobs it's the consumers the middle class.( i of our thought this was common knowledge.) trickle down economics was never made to help the middle class, and it's is currently destroying it buy completely Getting rid of it and creating the working poor. The American economy is driven by consumer spending, the middle class is the consumer! The rich can only buy so any cars and boats to stimulate the economy. On the other had giving the middle class more tax cuts puts more money directlyBin there pocket, intern making them spend more stimulating the economy much more than voodoo Econ theory is doing.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteBernie Sanders is an Independent Senator from Vermont. Sanders was just promoted to the highest Democratic position on the budget committee. He spoke to Congress to dispute the fact that the job creators are not in fact the big cooperation but the working middle class.
ReplyDelete"Trickle-down"economics is the theory that the money that the upper incomes, such as millionaires, make will eventually trickle down and help the lower incomes. This will then eventually help the overall economy in the long run. This is part of the Republican thinking. "Voodoo" economics is a more slanderous term that originated during the Ronald Reagan presidency. It means supporting the producers, or the suppliers, more than the consumers, or the demand.
He claims the real job creators are the working people who purchase these products, and points out businesses cannot profit and sell their products without people purchasing them. The working American must have a decent paying job in order to help the economy. By cutting important programs like Social Security and Medicare that mainly benefit the working people, we are ultimately hurting the economy.
This comment has been removed by the author.
ReplyDeleteBernie Sanders is a Senator from Vermont and part of the Independent party. Sanders recently attended a Senate Budget Committee and destroyed the Republican myth of wealthy job creators who must be given tax cuts. Trickle-down economics s the idea that tax breaks provided to businesses will benefit poorer members of society by improving the economy as a whole. Voodoo economics is a slanderous term used by Bush to describe Reagan's economic policies. Both terms were used by Reagan during his presidential term.
ReplyDeleteBernie Sanders claims that the true job creators are consumers, not corporations. He states that the an economy can only do well when we have low unemployment and decent wages. These things are necessary due to the fact that consumers need money in order to spend. With the Republicans cutting Social Security and other government programs, it has only pushed the American economy in the wrong direction.
Bernie Sanders is the senator for Vermont who is independent. Sanders was addressing congress because he wanted to argue that it is not the big businesses that create jobs, but rather the consumers. Trickle-down economics is the term used for the economics during Ronald Reagan's presidency that wanted to tax the rich less, believing that this would encourage them to spend more, creating more jobs for the lower classes. Voodoo economics is the derogatory term used to describe trickle-down economics. Reagan supported supply-side economics, which favored suppliers over consumers, often called Reaganomics. Sanders says that the real job creators are the middle class, as tey are the ones who spend and consume the most. He says that with the stagnating wages, people cannot afford as much as they used to, leading to less spending, meaning that companies do not make as much profit, and could face closing while the rich are not taxed as much, and the money saved from the taxes are instead saved instead of spent.
ReplyDeleteBernie Sanders is an Independent and ranking member of the Senate, and he is speaking to Congress in order to disprove the Republican myth of wealthy job creators who must be given by tax cuts and arguing with Republicans by proving that the American economy is driven by consumer spending, and the biggest consumer are people who are living week to week, buying groceries, paying rent, and putting food on the table. “Trickle-down or voodoo economics” is the idea that tax breaks or other economic benefits provided to businesses and upper income levels will eventually lead to poorer members of society benefiting. The term is most closely identified with the economic policies known as "Reaganomics" or laissez-faire. Bernie claims that these policies are moving the economy in the wrong direction. Programs that are designed to help the middle class and lower are being cut so that tax cuts can be given to the wealthy. By cutting important programs like Social Security and Medicare that mainly benefit the working people, we are ultimately hurting the economy.
ReplyDeleteBernie Sanders is one of Vermont’s Senators and is speaking to Congress about how jobs are created when the middle class is stong. Where employees have a living wage and can buy the goods and products. Sanders says, “The real job creators are those millions of Americans who every day go out and purchase goods and services – and if they don’t have adequate income, the economy suffers.” Trickle-down economics is an economic idea that giving economic benefits to the upper income holders will create a wealth that trickles down to the more needy. The proper term for these policies is laissez-faire. In the long run, Bernie claims that these policies have hurt the middle class. He sees it disappearing he believes, “...If we are serious about rebuilding the disappearing middle class, reducing income and wealth inequality, and strengthening Social Security, Medicare, and Medicaid we need a budget that creates millions of jobs, raises wages, makes college more affordable, and demands that the wealthiest people in this country pay their fair share. In all of these matters, the President’s budget moves this country in the right direction.”
ReplyDeleteBernie Sanders is the Independent Senator from Vermont and he is speaking to Congress in support of the Obama Administration's budget proposal. Trickle-down economics is a term used to describe supply side economics,in which the money is assumed to "trickle down" the economic ladder from the upper class down to the working class citizen, and it originates from the Great Depression. Voodoo economics was first used by President George H. Bush. He states that this policy is in error because the upper class doesn't spend their money as it was theorized they would, but instead they save or invest the money as a means of increasing their wealth.
ReplyDeleteBernie Sanders is an Independent Senator from Vermont who stands for the middle class and is against this idea of there being a specific job creator class. He is speaking to congress in an attempt to disprove the Republicans idea of trickle down economics and the tax breaks they try and give to the wealthiest people in America. He also is trying to get Obama's budget proposal to pass. Trickle down economies is the idea that benefiting the top individuals would somehow pass down to the bottom people because they would create more jobs or something like that, Voodoo economics was a term used to describe Reagan’s economics policies that focused on the supply side of economics. These polices have affected the middle class in the long run because both if these call for cuts in government benefits that are given to the middle class. He says that because the middle class is not gaining and not being able to spend a lot of money. He says that the only way for the economy to do well is when we have government programs and low cost of education that benefits the middle class can we have a good economy.
ReplyDeleteBernie Sanders is an Independent and ranking member of the Senate. He is speaking to Congress in order to refute the Republican myth of wealthy job creators who must be given tax cuts. Trickle-down economics is the idea that tax breaks or other economic benefits that are provided to businesses and those in the upper class will eventually help impoverished members of society. This improves the economy overall by creating jobs for the middle and lower classes. This policy originated during Reagan’s administration. Voodoo" economics is a more slanderous term that originated during the Ronald Reagan presidency. Bernie’s claim is that we have an increasing income inequality due to trickle-down economics.
ReplyDeleteBernie Sanders is an Independent Senator from the state of Vermont who is speaking to Congress to get them to disprove this Republican “myth” that wealthy job creators must be given tax cuts. Sanders stated that the majority of this economy is based off of consumer spending and if the consumers do not earn enough from their jobs then they will not have as much money to spend. If the consumers do not have money to buy goods and services, many businesses will begin to suffer as well as the economy because the consumers are considered the job creators. “Trickle down” economics was developed by the Republicans where the term “voodoo” economics was related to “trickle down” economics yet it is considered to be the slander version of the word since the Republicans used it to disprove Ronald Reagans economic policies.
ReplyDeleteBernie believes that these economic policies are going to move our nation’s economy in a negative direction since the programs instituted to help the lower and middle classes are being cut in order to give tax cuts for the wealthy class. The wealthy class would then take their money from the tax cuts and either invest or save them rather than spending it and helping the economy. This then leads to the middle class not being able to make enough money for consumer spending and might eventually bring them to becoming a lower class.
Sen. Bernie Sanders is the person holding the highest Democratic position in the Senate's Budget Comittee. He opens the comittee rather dramatically, as he debunks the Republican idea that big entrerprise owners make the jobs. He advocates something known as voodoo econonomics, although more commonly know as Reaganomics. They are the act of reducing taxes to benefit consumers, and increasing wage to also benefit consumers. He briefly reflects on how well they have worked in the past, and reminds his fellow senators that these polices really do work. He is basically saying that the people who make the jobs is us, the working people and he is absolutely correct. In the end, no buisness sells without a clientel, and if people don't have money to spend they will not buy, and when they don't buy the buisnesses fail and they have to lay off employees. It is a vicious cycle. I'm not saying bug buisnesses have no say in the creation of jobs, the problem here lies in that people have no money. We should focus on increasing the monetary power of the working clas, while keeping buisnesses from laying off workers due to the increased wages. Also more tax cuts for low income people would be useful. This income inequality issue is a big issue, and if it is not dealt with soon it might grow even more out of hand that it already is.
ReplyDeleteBernie Sanders is an independent ranking member senator from Vermont. He has recently been promoted to the highest Democratic position on the budget committee and its a big deal because he actually talks about middle class problems. He is speaking to congress to destroy the republican myth of wealthy job creators who must be given tax cuts; he talked about how the consumers are the ones who stimulate the economy and if they don't receive tax cuts but the wealthy do how is the economy going to improve. Trickle down or Voodoo economics is belief that tax breaks to the 1% and huge business' will eventually benefit the middle and lower classes because their wealth will eventually trickle down to them. Voodoo economics is a slanderous term related to trickle down economics used by President Bush to describe the policies of Ronald Reagan, also known as Reaganomics. Bernie claims that these policies have hurt the lower classes and the economy and will only continue to do so. He also states that the middle class has drastically shrunk so we need to do some rebuilding of the middle class so we can have a more prosperous and successful nation by strengthening medicare, social security and medicaid, raising wages, making post secondary education more affordable, and creating many more jobs.
ReplyDeleteBernie Sanders is an independent senator from the state of Vermont. He is speaking to congress because he seeks to destroy the conventional wisdom found by republicans that the wealthy create the jobs.
ReplyDeleteTrickle down economics is the concept that the wealth begins at the top of the economic class which would be the corporations (bussiness) and slowly trickle down to the lower economic classes such as the working, middle, and poor class`. The term ``Trickle down`` economics was a term derived from republican thinking found in the United States political system. The formal economic term is Voodoo economics a slanderous term for describing the economic policies made under the Reagan Administration.
In Sanders addressment at the Senates Budget Committee’s hearing on the president’s budget proposal, he stated that 70% of our economy is based on consumer spending, and that the job creators is everyone who puts money back into the economy. His argument here is that a by supporting the upper classes over the job creators puts the economy in a position that could not sustain. If the consumers have no money then their would be no money going back into the economy. When corporations get tax breaks and loose regulations they do not put the money back into the economy but rather invest or save it. By putting aside available funds and taking them out of the pool of fisical activity there is less stimulation hence less economic growth.
Bernie Sanders is an Independent Senator from Vermont who was recently promoted to the highest Democratic position on the budget committee. Sanders is speaking to Congress because he supports President Obama’s budget proposal. At the Senate Budget Committee hearing he also debunked the Republican myth of wealthy job creators who must be given tax cuts. Trickle-down economics is the idea that tax breaks or other economic benefits provided to businesses and upper income levels will inevitably benefit poorer members of society by improving the economy as a whole. Voodoo economics is a slanderous term used by George H.W. Bush in reference to Ronald Reagan’s economic policies. Trickle-down economics originated during the Great Depression under the use of Will Rogers, but came to light during Ronald Reagan’s term. The proper economic term for these policies is supply-side economics.
ReplyDeleteSen. Sanders believes that the government should be helping working people and those who are in the middle-class. Republicans believe that by cutting Social Security, cutting Medicare, cutting Medicaid, cutting nutrition programs for hungry kids, and implementing tax breaks for the wealthy will spur economic growth. Sanders argues that by continuing this Republican philosophy the country will not be led in the right direction. The U.S. is already facing a declining middle-class and if Americans do not have a decent-paying job the economy will not prosper. An economy cannot do well unless there is low-unemployment and decent wages. 70% of the economy is based on consumer spending and if Americans are not earning enough to spend the economy suffers. Without consumers, Corporations do not have anybody to sell their goods and services to. In order to move in the right direction we need a budget that creates millions of jobs, raises wages, makes colleges more affordable, and demands that the wealthy pay their fair share. Until policies that promote those demands are seen in action the future does not look bright for the middle-class.
Bernie sanders is a senator from Vermont and is speaking to congress to address the myth about the wealthy being job creators. Trickle down economics or the trickle down theory is the idea that tax breaks or other economic benefits provided to the upper income levels will benefit poorer members of society and improve the economy as a whole. The origin of these terms came from the time of the Reagan admjnistration and was known as voodoo economics.
ReplyDeleteBernie claims that the wealthy class does not spend the money they get from tax breaks, instead they save or invest it which does not help the lower income people. The middle class people are the real job creators and they do not benefit from the rich being given benefits.
Senator Bernie Sanders is the Independent senator from Vermont. He also tends to caucus with the Democrats. "Trickle-Down economics" is the economic policy of providing tax breaks and other government incentives for the wealthy. This form of economic thinking originated as Reaganomics and revolves around the theory that job creators are the very rich. The term Voodoo economics refers to trickle-down economics with a negative connotation. Sanders claim that these economic ideas do not work due to the fact that 70% of the economy is run by consumer spending so instead of the rich being the "job-creators" that in fact the middle-class are job creators. Sanders also explains that these economic polices are toxic to the middle class because they are creating income inequality.
ReplyDeleteBernie Sanders is a member of the Senate, and also hold the title as an independent representative of Vermont. Recently he attended the Senator Budget Committee meeting as the highest Democratic position and addressed the myth of the wealthy receiving tax cuts. As we know, the United States economy is run by consumer spending, the majority being those who are not receiving the tax cuts in question. “Voodoo” or “trickle-down” economics are most commonly known for their original endorsement by Former President Ronald Reagan. They support the belief that by cutting the taxes on those on higher levels, that these members of society will eventually help those lower than they by creating more job opportunities and improving the economy as a whole. Officially, these policies are known as “supply-side” economics. Sanders received his title as the highest Democratic position by supporting the middle and lower classes and encouraging their growth. Sanders believes that by following these economic paths, it will lead the country into a downward slope. To rebuild the economy, the government must focus on building a budget that raises wages, endorses jobs, educates the poor, and makes the wealthy pay their fair share.
ReplyDeleteBernie sanders is a Junior United States Senator from Vermont. He spoke to Congress at a budgetary proposal conference, speaking with the chairman on the idea of the job creator. He strongly asserts that the real job creators are the millions of Americans that go out and purchase goods and services, and without a decent income the economy suffers.
ReplyDelete“Trickle-down” economics is a theory that states that tax breaks or other economic benefits provided to upper income levels would in turn benefit poorer members of the society by improving the economy as a whole. “Voodoo" economics is a more slanderous term that originated during the Ronald Reagan presidency. It means supporting the producers, or the suppliers, more than the consumers, or the demand. According to Bernie Sanders, the real job creators are the Americans in the middle class. His reasoning is because the economy is based on the working class who spend money on goods and services. He argues that they need a budget that creates millions of jobs, raises wages, makes college more affordable, and demands that the wealthiest people in this country pay their fair share. He reasons that the wealthy take their tax cut money and save it, or invest it. Republicans should cut taxes for every American in the middle-class and below if they want to protect the job creators. This could cause inflation in the long run.
Bernie Sanders is a senate member from Vermont who classifies under the independent category. He is speaking to congress on the issue of whether or not the wealthy are the true job creators or not. Since a lot of people believe this to be true Bernie wanted to counter it with his strong belief that it is actually us or the "working American people" who are the ones who actually create jobs. "Trickle down economics" is an economic idea that by providing the wealthy with tax breaks and other beneficiary aspects that it'd help the poor out in the long run. This theory developed due to the Reagan administration and how he applied this in his policies. Bernie exclaimed that we need to provide the working class with a stable job so that they could help out the economy because they are the ones who actually create the jobs. He said that if "we" have a job that there would be more money circulating as we adjust the economy to where it is based off our consumer spending. However, Bernie says, we shouldn't cut programs like Medicare and social security because that hurts the working class, which we need to have a smoothly run economy.
ReplyDeleteBernie Sanders is an Independent Senator from Vermont. Bernie attended the Senate Budget Committee hearing to go against the fact that wealthy job creators must be given tax cuts. He strongly argue that real job creators are the consumers in America, and without a decent income the economy suffers. “Trickle-down” economics is a theory in which tax breaks or other economic benefits provided to upper income levels would in turn benefit poorer members of the society by improving the economy as a whole. “Voodoo” economics was a more defamatory term to describe President Reagan’s economics policies known as “Reganomics.” These terms originated during President Reagan’s term in which he wanted to reduce government spending, reduce the federal income tax, reduce government regulation, and tighten money supply in order to reduce inflation. These terms were formally known as supply-side economics.
ReplyDeleteAs Sanders states, cutting Social Security, cutting Medicare, cutting Medicaid, cutting nutrition programs for hungry kids, while providing huge tax breaks for millionaires and billionaires would move the country into the opposite direction in which it needs to go. These policies have affected the middle class to slowly reduce in size. In order to rebuild this disappearing middle class there should be reducing income and wealth inequality, and strengthening Social Security, Medicare, and Medicaid. In addition there must be a budget that creates millions of jobs, raises wages, makes college more affordable, and demand the wealthiest people in the country to pay their part in society.