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Willisms

« Visualizing Party Convention Speeches By Texas Governor Rick Perry & Liberal Trial Lawyer Bill White. | WILLisms.com | Trivia Tidbit of the Day: Part 827 -- Digging Deeper Into June Employment Numbers. »

Trivia Tidbit of the Day: Part 826 -- Kerry-Lieberman Bad For America.

The American Power Act Would Harm Our Already Fragile Economy-

John Kerry and Joe Lieberman, with their America Power Act, are essentially saying, "I'm from the government, and I'm here to help":

* The American Power Act would reduce U.S. employment by roughly 522,000 jobs in 2015, rising to over 5.1 million jobs by 2050. * Households would face a gross annual burden of $125.9 billion per year or $1,042 per household, with costs disproportionately borne by low-income households. * On a net basis, the top income quintile will benefit financially, redistributing to these households roughly $12.3 billion per year from the bottom 80 percent of earners. * Households over age 75 bear the largest burden at 2.3 percent of income, followed by households aged 65-74 and under age 25 at 2.1 percent. By contrast, the nation’s highest-earning households between age 45 and 54 years would bear the smallest percentage burden of just 1.5 percent.

Yes, it makes total sense in this national recession to enact something that will burden every income level with higher costs:

kerryliebermanhurtslowerincome.gif

We don't need any more Washington solutions this year, thanks.

-------------------------------------

Previous Trivia Tidbit: What's The Matter With Kansas?

Posted by Will Franklin · 2 July 2010 10:55 AM

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