Words

Words do not create jobs.  Words do not help the middle class dig out of the economic ruins brought on by supply-side economics.  Words do not find jobs for returning veterans.  Words do not help the wives and children who lost husbands in Iraq and Afghanistan pay their bills or send their children to college.  If you listen to Romney or Ryan your will hear a lot of words, but you will see no policies that would turn those words into actual actions.  If yo are one of the few fortunate Americans who enjoy AGIs in excess of $100,000 per year it is certain that the words of Romney and Ryan will sound very good to you.  On the other hand, if you are part of the 90% of Americans whose AGI is less than $100,000 per year and you vote to elect Romney/Ryan President and Vice-president, you can count on your income and wealth continuing its decline.  Since 1979, Americans with an AGI of less than $100,000 have failed to keep pace with inflation as low as inflation has been over the past 33 years.  Salaries and wages for 90% of Americans have been stagnant (for those who did not see their jobs shipped off shore) and their primary source of wealth, the equity in their home, has fallen as well.  The reason for this is supply-side economics did not work.  Cutting taxes for millionaires and billionaires did not create the promised jobs nor did it “trickle down” to help those not so wealthy.  The only thing that “trickled” was the federal debt and actually gushed upwards.  Federal Tax revenues have fallen from 19.5% of GDP to 15.4% of GDP.  Add to that loss of tax revenue the loss of taxes because of the recession and you have deficits going through the roof.  Cutting taxes will only make the deficit worse not better.  Given a chance, ask Romney/Ryan or one of their surrogates how they plan to offset the loss of revenue from a 20% cut in income tax rates.  Ask Romney/Ryan or a surrogate how they will make up the loss of revenue when they eliminate tax on estates over $5,000,000.  Ask them where they will make up the revenues lost by eliminating income tax on dividends and capital gains.  Oh, finally, ask they where the money will come from when they increase the already obscene defense expenditures.  So far, Romney, Ryan. Or their surrogates have yet to provide answers to those questions other than to lie and deny they ever made those proposals.  If your AGI will ne less than $100,000, ask they how you personally would be better of under Romney/Ryan rather than Obama.  So far, the only thing Republicans have offered is words. Where is their job-creating legislation?  Where has their action been for the past three and a half years?  All you will ever get from a Republican Administration is words.