This press message was released by the Government of the Commonwealth of Rutania.
Dear International Citizens of Terra:
Hello. On behalf of the Commonwealth of Rutania, I just would like to state that are economic and employment condition was a *disaster* as Private-sector job growth as reflected by the *Investment* component of our country's Gross Domestic Product (GDP) was a measly "12.27%."
Therefore, led by The Capitalist Working Families Party, the Parliament undertook the following steps to promote economic growth and jobs:
(1) First, we proposed an across-the-board tax cut of 10% for *each* individual bracket that paid a minimum of 10% of income taxes;
cf. http://classic.particracy.net/viewbill.php?billid=392815
(2) Second, we reduced overall National Government spending by *59%* citing the Science of Economics which states that when "Government spends a substantial amount of GDP, it *crowds out* private-sector investment (which creates jobs)."
cf. http://classic.particracy.net/viewbill.php?billid=392816
(3) Lastly, we proposed an even more substantial tax cut---in light of an ~18 Billion RUT surplus---that reduced the (then) Top Tax Rate of 35% to only 15%, or a *30%* tax cut for all incomes above the 4,000 RUT threshold.
cf. http://classic.particracy.net/viewbill.php?billid=392843
(4) The RESULTS: The economic climate of the Commonwealth of Rutania improved because the *Investment* component of our GDP increased from a measly "12.27%" to an astronomical ***14.26%***, or a net increase of ~2 percentage points. Thus, the unemployment situation in the Commonwealth of Rutania has been alleviated (solved).
cf. http://classic.particracy.net/budget.php?nationid=6
(5) Therefore, out of courtesy, we would like to *share* our methods of Economic Growth and Investment with the International Terran community to help *other* nations who are experiencing drastic unemployment.
What is the World Community's thoughts on promoting effective Private-sector job growth?
Cordially,
Jerry R. Savage, Sr., Minister of Foreign Affairs for the Commonwealth of Rutania
cf. http://classic.particracy.net/viewnation.php?nationid=6Signed,
the Government of the Commonwealth of Rutania