<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Jeffrey Schott &#187; Government spending</title>
	<atom:link href="http://jeffreyschott.com/index.php/tag/government-spending/feed/" rel="self" type="application/rss+xml" />
	<link>http://jeffreyschott.com</link>
	<description>Candidate for Pennsylvania&#039;s Eighth U.S. Congressional District</description>
	<lastBuildDate>Wed, 27 Oct 2010 19:39:22 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.1.1</generator>
		<item>
		<title>The Fear Of The Unknown On The Economy</title>
		<link>http://jeffreyschott.com/index.php/2009/12/the-fear-of-the-unknown-on-the-economy/</link>
		<comments>http://jeffreyschott.com/index.php/2009/12/the-fear-of-the-unknown-on-the-economy/#comments</comments>
		<pubDate>Mon, 07 Dec 2009 16:38:24 +0000</pubDate>
		<dc:creator>Jeff</dc:creator>
				<category><![CDATA[Economy/Jobs]]></category>
		<category><![CDATA[Healthcare]]></category>
		<category><![CDATA[Miscellaneous]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[Government spending]]></category>
		<category><![CDATA[Social Security]]></category>

		<guid isPermaLink="false">http://jeffreyschott.com/?p=180</guid>
		<description><![CDATA[It appears that our representatives in Washington have finally gotten around to discussing the creation of private sector jobs.  I welcome these discussions, although they are long overdue, as private sector jobs are the only real way to set our economy on the path to sustained growth.  Washington is, however, ignoring a major contributor to [...]]]></description>
			<content:encoded><![CDATA[<p>It appears that our representatives in Washington have finally gotten around to discussing the creation of private sector jobs.  I welcome these discussions, although they are long overdue, as private sector jobs are the only real way to set our economy on the path to sustained growth.  Washington is, however, ignoring a major contributor to our economic situation; the fear of the unknown.  Businesses do not know what the new “rules of the game” are going to be and are clearly in a holding pattern waiting to find out.  For example:</p>
<ul>
<li>Will the government decide to bailout one of their competitors or perhaps even take them over because they are “too big to fail”?  Will they need to compete with the government? </li>
<li>Will Cap &amp; Trade pass and drastically increase their energy costs?</li>
<li>Will health care reforms raise their cost of labor by as much as eight percent?</li>
<li>Will out of control spending continue causing inflation and/or higher taxes?</li>
<li>Will the Bush tax cuts expire?  What will the new tax brackets be? </li>
<li>What will happen to employer paid taxes including: corporate taxes, <a class="zem_slink" title="Social Security (United States)" rel="wikipedia" href="http://en.wikipedia.org/wiki/Social_Security_%28United_States%29">Social Security</a>, Medicare, <a class="zem_slink" title="Excise" rel="wikipedia" href="http://en.wikipedia.org/wiki/Excise">excise taxes</a>, etc.?</li>
</ul>
<p>I believe that:</p>
<ul>
<li>Taxes should not be increased and no new taxes should be created.</li>
<li>Spending should be frozen at pre-bailout levels until our budget is balanced.</li>
<li>Any additional spending, for programs such as health care reform, needs to be offset by spending reductions elsewhere.</li>
<li>Increasing <a class="zem_slink" title="Government spending" rel="wikipedia" href="http://en.wikipedia.org/wiki/Government_spending">government spending</a> and taxes will cause additional job loss (both blue collar and white collar).</li>
</ul>
<p>We need to set a clear direction so our businesses know that we are serious about creating an environment that rewards entrepreneurship, creates good paying jobs, and eliminates the “fear of the unknown”.</p>
<div class="zemanta-pixie" style="margin-top: 10px; height: 15px;"><a class="zemanta-pixie-a" title="Reblog this post [with Zemanta]" href="http://reblog.zemanta.com/zemified/f0c5db45-9716-4f87-b0e7-505e70bfe926/"><img class="zemanta-pixie-img" style="float: right;" src="http://img.zemanta.com/reblog_e.png?x-id=f0c5db45-9716-4f87-b0e7-505e70bfe926" alt="Reblog this post [with Zemanta]" /></a><span class="zem-script more-related pretty-attribution"><script src="http://static.zemanta.com/readside/loader.js" type="text/javascript"></script></span></div>
]]></content:encoded>
			<wfw:commentRss>http://jeffreyschott.com/index.php/2009/12/the-fear-of-the-unknown-on-the-economy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

