Why doesn’t government cut taxes instead of implementing massive government spending to solve our economic problems?
Simply put, massive problems generally require enormous solutions. Our nation is facing its toughest economic times since the Great Depression. In fact, 21.6 millions are unemployed and we need to act to put Americans back to work now. To put it in local terms, the City of Milwaukee is the 22nd largest City in the United States and has a poverty rate of 25.2%, the 8th highest in the nation. The median income in Milwaukee is $39,125, which is substantially lower than the national median income of $50,740. Milwaukee’s unemployment rate is 11% and typically remains about 2 percentage points higher than the metropolitan area rate. During the period 1994 through 2005, Milwaukee ranked 46th among the 50 largest cities in job growth. In light of our tough economic times, Milwaukee and other cities facing similar challenges need federal assistance. ARRA is an important first step to rebuilding our struggling economy. This new law will address the challenging economic times confronting our nati