Forum: Market rally hasn’t helped jobless
March 7, 2013 9:06PM
Updated: April 9, 2013 12:03PM
After plummeting and losing roughly $11 trillion from stock portfolios during the Great Recession, the Dow Jones Industrial Average has come all the way back to reach an all-time high.
This reinforces what I have said for years, that the stock market is not an important indicator of our economy.
The market rally may have increased the wealth of well-to-do investors, but millions of Americans remain unemployed and are struggling financially because of the idiots elected to solve our problems from both political parties.
Jobs are needed! Case closed!
Emanuel blind to charter school faults
Chicago Mayor Rahm Emanuel still clings to his clueless allegiance to the dysfunctional charter school system that has trumped democracy in favor of regressive educational policies. He has so far successfully blocked any discussion of Ald. Matt O’Shea’s (19th) city council resolution for a moratorium on the creation of more charter schools in the city.
Emanuel sends his children to a highly selective and expensive private school (which is his right) lest they be affected in any way by his dismantling of the Chicago Public Schools. Those cuts and the resultant suffering do not affect the children of privilege, they harm disproportionately the poor children of the inner-city neighborhoods.
Mayor Emanuel cares about those children as much as he cares about being a “transparent” mayor. He is much more transparent than he realizes.
To paraphrase the late Chicago alderman Paddy Bauer, “Chicago ain’t ready for democracy.”
Gun debate too acrimonious
I’m tired of reading the polarized views of those who defend the right to own an assault weapon vs. those opposed to having such a weapon available.
I’m a gun owner and member of the National Rifle Association, but I believe the sale of these types of weapons should be limited to the military and law enforcement. I do not want police officers facing assault weapons in anyone’s hands, be they a criminal or deranged private citizens.
However, I have a compromise for those who believe the Second Amendment protects their right to own any weapon they choose. In addition to registering and going through a background check, a private citizen could own an assault weapon as long as he pays a $500 annual permit fee to do so. His firearm owner’s ID card would note that he owns such a gun — allowing him, and only him, to buy ammo for it.
In addition to mitigating the gun issue rhetoric, it would represent a new revenue source for the government. Sounds like a win-win to me.
Michael N. Sutko
Another blow to IRS
The latest government analysis suggests that more than $300 billion in federal taxes go unpaid each year, with about 80 percent of that resulting from unreported income. The shortfall is passed on to those who do pay their fair share of income tax.
Yet, the Internal Revenue Service is hopelessly understaffed, its employees compelled to work unpaid overtime. The public remains blissfully unaware.
It makes no economic sense to send IRS employees home without pay for a week or more, as the controversial sequester might do.
President, Chapter 10
National Treasury Employees Union