Saturday, November 13, 2010

Jim DeMint's low tax-high debt solution: no help for South Carolina's unemployed and poor population

Jim DeMint and other conservatives like to claim low taxes are the answer to unemployment and poverty. DeMints South Carolina claims both high poverty levels and some of the highest unemployment in the nation even though its corporate tax rates rank among the lowest at 5%

And just as George W. Bush jacked up the US debt, South Carolina's low taxes are paid for with high debt and a less than AAA credit rating. The States per capita debt is $8,013, 16th highest in the Nation.

It's also clear that South Carolina's anti-union environment does not help to relieve the State of its wide spread unemployment, poverty and violent crime.

Republican fiscal irresponsibility is not confined to South Carolina. Senator Mitch McConnell's home state of Kentucky suffers from an even worse credit rating. See for yourself:

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