Skip to main content

View Diary: President Obama calls on Congress to protect tax cuts for the middle class (70 comments)

Comment Preferences

  •  The issue (0+ / 0-)

    is that these small changes cause people to be more cautious in spending.

    Middle class spending drives the economy.

    Failing to extend unemployment benefits will crush the economy because more than a million people will suddenly have no income.  Unemployment benefits barely cover food for a family, so all of it is spent each month.

    If you add up everyone's $16 or $166 per month, that's literally millions of dollars not being spent to drive the economy.

    Right now the recovery is so tenuous that every dollar counts.

    So it's a bigger picture than whether we can afford a case of beer every month.  

    Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek. Barack Obama

    by delphine on Sat Dec 29, 2012 at 09:46:15 AM PST

    [ Parent ]

    •  BTW (0+ / 0-)

      not implying your comment was about unemployment benefits.

       Just used that to illustrate the major impact on the economy if just a million of us stop spending.

      So millionS of us spending $2,000 less per year, or $200 less per year, can have a huge negative impact on our economy, as well.

      Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek. Barack Obama

      by delphine on Sat Dec 29, 2012 at 09:50:31 AM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site