National Debt Clocks and Savings Clocks |
 July 11, 2009. Money flows in circles: you get paid you spend it, and the store pays someone else, who spends at another store. But what if everyone spent 90% and saved 10% in the bank? The circle of money would dwindle away to nothing, all the money would be in the bank, the stores would shut and we'd all be out of work. ... more >> |
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Learn from History Most Republicans would rather not see their country crushed by a depression just to prove an ideological point, even if it was correct. But extreme conservatives fought recovery in the last depression, and Roosevelt did not spend enough from 1933-41 to get us out of it. Only World War II provided the excuse for the enormous deficits that finally jolted the economy out of depression and into overdrive. (#1 villain)
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How Do the General and Trust Funds Get their Money?
For The General Fund: All personal and corporate income tax. For Social Security Trust Fund: Payroll taxes on wages up to $102,000 (2008). For Medicare: Payroll taxes on all wages. (Medicare is the big part of "other.") |
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