Austerity trap?

Austerity trap?

PostBy: Northern Maine On: Fri Dec 07, 2012 5:18 pm

Northern Maine
 
Stove/Furnace Make: CENTRAL Boiler CL-5648
Stove/Furnace Model: CL-5648

Re: Austerity trap?

PostBy: Black_And_Blue On: Fri Dec 07, 2012 7:23 pm

"death spiral"

as taxes go up productivity declines and tax revenues fall.
Black_And_Blue
 
Hot Air Coal Stoker Stove: Alaska 140

Re: Austerity trap?

PostBy: lsayre On: Fri Dec 07, 2012 7:36 pm

The real Austerity Trap will occur to those receiving paychecks from the government when the government runs out of other peoples money. Check this out. The government currently spends $168 per day per family on welfare, but the average working family in the USA earns only $137 per day.

http://www.weeklystandard.com/blogs/wel ... 65160.html
lsayre
 
Stoker Coal Boiler: AHS S130 Coal Gun
Coal Size/Type: Anthracite Pea
Other Heating: Resistance Boiler (It has been fixed!)


Re: Austerity trap?

PostBy: Coalfire On: Fri Dec 07, 2012 8:05 pm

lsayre wrote: Check this out. The government currently spends $168 per day per family on welfare, but the average working family in the USA earns only $137 per day.

http://www.weeklystandard.com/blogs/wel ... 65160.html



So that is why the wroking class doesn't have any money, they keep working. Silly them don't they know you have to stop working to make money :lol:




Eric
Coalfire
 
Hand Fed Coal Stove: DS Machine 96K btu Circulator
Coal Size/Type: Nut