In a message dated 8/14/2007 6:01:03 P.M. Eastern Daylight Time, [EMAIL PROTECTED] writes:
Our city's government with inept strategic planning pushes the city towards further stratification: a privileged predominantly white upper-class inhabiting choice locations, and impoverished communities of color, too impoverished to flee to the suburbs, pushed to the less desirable under-serviced neighborhoods. More than that. The city government has not been paying attention to the increases in revenues reported during the past few years, and the substantial decrease they've caused in the budget deficit despite higher spending, for the federal government as a direct consequence of the tax cuts now in effect. Everyone except Democrats who haven't moved beyond the economics of Grover Cleveland understands that reducing taxes is an incentive to job creation, investment, consumer spending, and so forth that turn money over and result in more tax receipts at a lower tax rate. I'm not making this up. Check the August Monthly Budget Review put out by the Congressional Budget Office (CBO) (_http://www.cbo.gov/ftpdocs/85xx/doc8518/MBR_08_2007.pdf_ (http://www.cbo.gov/ftpdocs/85xx/doc8518/MBR_08_2007.pdf) ). Here's the first paragraph: The federal budget deficit was about $158 billion for the first 10 months of fiscal year 2007, CBO estimates, $81 billion less than the shortfall recorded over the same period in 2006. Revenues are about 7 percent higher than in the same period last year, outpacing the nearly 3 percent growth in outlays. CBO had previously indicated that the deficit for the fiscal year would be between $150 billion and $200 billion; the result is likely to be toward the lower end of that range. Please to bring you more information you won't find at sweetbarkingcheese.com (unless they plagiarize it) Al Krigman ************************************** Get a sneak peek of the all-new AOL at http://discover.aol.com/memed/aolcom30tour
