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12/04/2005: "Economy - how good is it?"
I've been hearing about how good the economy is, but my personal economy doesn't seem to reflect the national statistics (food, electricity, water/sewage, gasoline, natural gas, house insurance, car insurance, clothing, auto repairs, medical expenses, medicine, travel, cable TV, phone, web hosting, books, CD's, DVD's are all much more expensive and my local taxes have increased, but my income hasn't changed in three years. Some things are better - federal income tax is down, electronic gadgets are cheaper, value of my house is up [but I'm not selling, so the only effect is that my property taxes have skyrocketed], my IRA is up. Crime is also up, education system continues to decline, air quality declines, local roads continue to remain un-repaired, libraries close earlier, public offices close earllier, and parks are not maintained). The
Economic Policy Institute (a "leftist" think-tank) gives some ideas in their article -
The boom that wasn't: The economy has little to show for $860 billion in tax cuts. I'd like to see what the "right" has to say, but I don't see any corresponding article in
The Cato Institute or
The Heritage Foundation.
Replies: 10 Comments
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