How do you give a tax cut to a man without a job?


“Terrified” but on the edge of the seat is a description that applies for many to the US conceptual missteps.

Analyzing and understanding the US $14.5 trillion economy enters an alternate universe starkly different than the family checkbook. Yet many pols and policy makers continue to act as if they were the same. Those who becry spending and debt as bringing down the sky and the economy blithely express no frustration at interest rates near zero and demand flat-lining. Which deficit is more important in a $14.5 trillion economy, debt or demand, especially if 14 million Americans are out-of-work and no jobs are being created?

The key GOP macroeconomic concept (non-quantifiable) is “uncertainty.” It’s a constant in their sound bites. Easy response: What is certain is interest rates below 2%, so borrow and build! Then uncertainty will overcome the non-existent: demand. Demand is a real economic concept, measured in real numbers, that isn’t boosted by tax cuts but by spending. Demand leads to jobs. Not being certain what uncertainty is, I suggest voting for the math, for the spending that will increase demand, create jobs, and increase the family checkbook’s bottom line.

One thing is certain: You really can’t give a tax cut to a person out of a job.