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Deficit up 27% since last year.
LoP Guest
lop guest
User ID: 510956
08-13-2019 08:50 AM

 




Post: #31
RE: Deficit up 27% since last year.
Advertisement
The worse they could do
Is to jack rates high


Look to latin America
For how high rates exacerbates inflation
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LoP Guest
lop guest
User ID: 450018
08-13-2019 10:22 AM

 




Post: #32
RE: Deficit up 27% since last year.
SO, Trump Forced americans to spend 13.5 TRILLION dollars they do not have...
These are 2017 numbers alot higher now but whats the difference, bad Obama Bad Trump
OKEE DOKEEE



Total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data.
The report said it was fifth consecutive year of annual household debt growth with increases in the mortgage, student, auto and credit card categories.


https://www.cnbc.com/2018/02/13/total-us...llion.html

Like My Grama Said 40 years ago yoiu dont have the cash to pay for it you dont need it...AND THOSE GODAM CREDIT CARDS the worst thing ever invented some day when im long long done another Depression will come and you kids will die you cannot handle a depression like we lived through.

THen SHe Said , You Need THe Goddam MOney ..HERE...SLow DOwn Your living to fast living higher than the hog.

NOw many gramma's and grandpa's and parents are giving there money to the Indian casino's inheritances are far and inbetween of of what they used to be.

I eventually bought my on house contract for deed 5 years and I dont buy 60 thousand dollar cars i have a AWD V6 SUV with 290 thousand miles runs perfect ANd A 800 dollar bicycle and no credit cards for 35 years.
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LoP Guest
lop guest
User ID: 511337
08-13-2019 11:28 AM

 




Post: #33
RE: Deficit up 27% since last year.
You are obviously clueless, i won’t waste my time!
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The Borg
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User ID: 471656
08-13-2019 12:20 PM

Posts: 1,089




Post: #34
RE: Deficit up 27% since last year.
obama doubled that in 4 years
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LoP Guest
lop guest
User ID: 507568
08-13-2019 01:21 PM

 




Post: #35
RE: Deficit up 27% since last year.
SkeptiSchism  Wrote: (08-13-2019 06:49 AM)
LoP Guest  Wrote: (08-13-2019 06:25 AM)
Wrong
The primary mandate
Is to keep inflation within a set
Usually 2-3%

You don't believe that crap do you? They change the items in the basket they use to calculate inflation all the time. If the price of beef goes up, they say oh well people can eat hamburger instead of steak and claim there's no inflation.

They also don't account for lower product quality, or smaller packaging.

Big ticket items like housing, medical and education always increase at around 10% a year every year. Why do you think people can't afford to buy a home, or even rent a damn apartment? Because the price of housing doubles every 7 years.

Oh, what about the stock market? The S&P was at a low of 666 in 2009, and now it's 2883, that's an increase of 2,217 points or 333%, over 10 years that's 33.3% a year.

2% inflation my ass anyone who believes that deserves to get their money taken from them.

The fedgov does that to keep the Federal reserve from raising interest rates.
At what rate would all the revenue raised only cover interest on the debt?
It's not as high as most people think and we've been there before.
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Xeno Heresy
Registered User
User ID: 397180
08-13-2019 02:38 PM

Posts: 3,695




Post: #36
RE: Deficit up 27% since last year.
SkeptiSchism  Wrote: (08-13-2019 06:49 AM)
LoP Guest  Wrote: (08-13-2019 06:25 AM)
Wrong
The primary mandate
Is to keep inflation within a set
Usually 2-3%

You don't believe that crap do you? They change the items in the basket they use to calculate inflation all the time. If the price of beef goes up, they say oh well people can eat hamburger instead of steak and claim there's no inflation.

They also don't account for lower product quality, or smaller packaging.

Big ticket items like housing, medical and education always increase at around 10% a year every year. Why do you think people can't afford to buy a home, or even rent a damn apartment? Because the price of housing doubles every 7 years.

Oh, what about the stock market? The S&P was at a low of 666 in 2009, and now it's 2883, that's an increase of 2,217 points or 333%, over 10 years that's 33.3% a year.

2% inflation my ass anyone who believes that deserves to get their money taken from them.

^ This.

I've talked about this type of thing in the past.

The dollar has experienced catastrophic inflation, but they cover it up just like you said. If they measure it one way one year they measure it a different way the next. Anything to make it look better than it really is.

Why is everyone so damn poor? A hundred years of middle class families passing their wealth onto each next generation shouldn't result in a country of people scraping the bottom of the barrel to get by, and that's what the vast majority of people are doing right now.

We might as well be living under feudalism. Our society is segregated between rich nobility and peasantry.

[Image: heresy3.jpg]
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LoP Guest
lop guest
User ID: 511360
08-13-2019 03:52 PM

 




Post: #37
RE: Deficit up 27% since last year.
Xeno Heresy  Wrote: (08-13-2019 02:38 PM)
SkeptiSchism  Wrote: (08-13-2019 06:49 AM)
You don't believe that crap do you? They change the items in the basket they use to calculate inflation all the time. If the price of beef goes up, they say oh well people can eat hamburger instead of steak and claim there's no inflation.

They also don't account for lower product quality, or smaller packaging.

Big ticket items like housing, medical and education always increase at around 10% a year every year. Why do you think people can't afford to buy a home, or even rent a damn apartment? Because the price of housing doubles every 7 years.

Oh, what about the stock market? The S&P was at a low of 666 in 2009, and now it's 2883, that's an increase of 2,217 points or 333%, over 10 years that's 33.3% a year.

2% inflation my ass anyone who believes that deserves to get their money taken from them.

^ This.

I've talked about this type of thing in the past.

The dollar has experienced catastrophic inflation, but they cover it up just like you said. If they measure it one way one year they measure it a different way the next. Anything to make it look better than it really is.

Why is everyone so damn poor? A hundred years of middle class families passing their wealth onto each next generation shouldn't result in a country of people scraping the bottom of the barrel to get by, and that's what the vast majority of people are doing right now.

We might as well be living under feudalism. Our society is segregated between rich nobility and peasantry.

how much money a year in salary to you is rich?
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Xeno Heresy
Registered User
User ID: 397180
08-13-2019 04:10 PM

Posts: 3,695




Post: #38
RE: Deficit up 27% since last year.
LoP Guest  Wrote: (08-13-2019 03:52 PM)
Xeno Heresy  Wrote: (08-13-2019 02:38 PM)
^ This.

I've talked about this type of thing in the past.

The dollar has experienced catastrophic inflation, but they cover it up just like you said. If they measure it one way one year they measure it a different way the next. Anything to make it look better than it really is.

Why is everyone so damn poor? A hundred years of middle class families passing their wealth onto each next generation shouldn't result in a country of people scraping the bottom of the barrel to get by, and that's what the vast majority of people are doing right now.

We might as well be living under feudalism. Our society is segregated between rich nobility and peasantry.

how much money a year in salary to you is rich?

$250,000

Though anyone with 6-figures is very well off.

Some people have suggested a cap on personal income. I don't think it's wrong on moral principle, I think it's wrong because for one the rich will just hide their wealth to evade the cap and for two it doesn't address the underlying issue of a fraction of our society being able to accumulate vast sums of wealth for themselves in a country where most people struggle to get by, and many are homeless.

Why are our wages so stagnant? All our business owners have a bad attitude when it comes to employing other people. They pay out the minimum amount to maximize their own profits. They should be paying enough to make their employees comfortable and happy. But that's against their own interests so they won't do it.

Adjusting minimum wage doesn't address wage stagnation it only benefits the unskilled manual laborers and doesn't have any impact on those who work in skilled positions that are supposed to make better than minimum - if anything it harms them because they don't get raises when minimum is increased. They just watch as the minimum wage creeps up closer to their wage!

How do we fix it? I have no idea.

Socialism just makes everyone even poorer. Capitalism is the best economic model we know of, and it's horribly flawed.

I think the whole thing should be burned to the ground. Destroy the whole economy and start over. Load our would-be nobles into guillotines and give everyone a fresh start on an equal playing field.

[Image: tumblr_miu44f58j41s5jre3o1_500.gif]

[Image: heresy3.jpg]
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b̶a̶n̶n̶e̶d̶
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User ID: 444029
08-13-2019 04:13 PM

Posts: 41,646




Post: #39
RE: Deficit up 27% since last year.
lol

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b̶a̶n̶n̶e̶d̶
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User ID: 444029
08-13-2019 04:14 PM

Posts: 41,646




Post: #40
RE: Deficit up 27% since last year.
#WinningBiggly

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LoP Guest
lop guest
User ID: 511360
08-13-2019 04:17 PM

 




Post: #41
RE: Deficit up 27% since last year.
Xeno Heresy  Wrote: (08-13-2019 04:10 PM)
LoP Guest  Wrote: (08-13-2019 03:52 PM)
how much money a year in salary to you is rich?

$250,000

Though anyone with 6-figures is very well off.

Some people have suggested a cap on personal income. I don't think it's wrong on moral principle, I think it's wrong because for one the rich will just hide their wealth to evade the cap and for two it doesn't address the underlying issue of a fraction of our society being able to accumulate vast sums of wealth for themselves in a country where most people struggle to get by, and many are homeless.

Why are our wages so stagnant? All our business owners have a bad attitude when it comes to employing other people. They pay out the minimum amount to maximize their own profits. They should be paying enough to make their employees comfortable and happy. But that's against their own interests so they won't do it.

Adjusting minimum wage doesn't address wage stagnation it only benefits the unskilled manual laborers and doesn't have any impact on those who work in skilled positions that are supposed to make better than minimum - if anything it harms them because they don't get raises when minimum is increased. They just watch as the minimum wage creeps up closer to their wage!

How do we fix it? I have no idea.

Socialism just makes everyone even poorer. Capitalism is the best economic model we know of, and it's horribly flawed.

I think the whole thing should be burned to the ground. Destroy the whole economy and start over. Load our would-be nobles into guillotines and give everyone a fresh start on an equal playing field.

link to image: https://aujourdhuienlondonie.files.wordp...o1_500.gif

250k a year is not rich, it may be well off but not rich by any means today! 30 years ago that would have been wealthy, but today you are just well off!

what do you consider middle class now in salary?
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Xeno Heresy
Registered User
User ID: 397180
08-13-2019 04:21 PM

Posts: 3,695




Post: #42
RE: Deficit up 27% since last year.
LoP Guest  Wrote: (08-13-2019 04:17 PM)
Xeno Heresy  Wrote: (08-13-2019 04:10 PM)
$250,000

Though anyone with 6-figures is very well off.

Some people have suggested a cap on personal income. I don't think it's wrong on moral principle, I think it's wrong because for one the rich will just hide their wealth to evade the cap and for two it doesn't address the underlying issue of a fraction of our society being able to accumulate vast sums of wealth for themselves in a country where most people struggle to get by, and many are homeless.

Why are our wages so stagnant? All our business owners have a bad attitude when it comes to employing other people. They pay out the minimum amount to maximize their own profits. They should be paying enough to make their employees comfortable and happy. But that's against their own interests so they won't do it.

Adjusting minimum wage doesn't address wage stagnation it only benefits the unskilled manual laborers and doesn't have any impact on those who work in skilled positions that are supposed to make better than minimum - if anything it harms them because they don't get raises when minimum is increased. They just watch as the minimum wage creeps up closer to their wage!

How do we fix it? I have no idea.

Socialism just makes everyone even poorer. Capitalism is the best economic model we know of, and it's horribly flawed.

I think the whole thing should be burned to the ground. Destroy the whole economy and start over. Load our would-be nobles into guillotines and give everyone a fresh start on an equal playing field.

link to image: https://aujourdhuienlondonie.files.wordp...o1_500.gif

250k a year is not rich, it may be well off but not rich by any means today! 30 years ago that would have been wealthy, but today you are just well off!

what do you consider middle class now in salary?

If you make $250k or more you are literally in the top 1% of wage earners in the USA.

That's not bias, that's statistics.

*That same 1% owns more than 40% of the wealth in the USA.

[Image: heresy3.jpg]
(This post was last modified: 08-13-2019 04:23 PM by Xeno Heresy.) Quote this message in a reply
Xeno Heresy
Registered User
User ID: 397180
08-13-2019 04:26 PM

Posts: 3,695




Post: #43
RE: Deficit up 27% since last year.
https://wallethacks.com/average-median-i...n-america/

Quote:The deciles won't be too clean cut because the table is set up as salary ranges, but you can read this table as “how much do I need to earn to be considered top X% of salary earners.”

(A range means the decile falls somewhere in that range)

1%: $250,000
5%: $135,000
10%: $95,000
20%: $65,000
30%: $50,000
40%: $40,000
50%: $30,000
60%: $20,000
70%: $15,000
80%: $5,000
90%: $0.01 — $4,999

I'm barely in the top 50%. Lucky me, I guess.

[Image: heresy3.jpg]
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Xeno Heresy
Registered User
User ID: 397180
08-13-2019 04:28 PM

Posts: 3,695




Post: #44
RE: Deficit up 27% since last year.
Billionaires like zuckerberg and soros are the top 1% of the 1%. They aren't remotely close to being average rich people.

[Image: heresy3.jpg]
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Xeno Heresy
Registered User
User ID: 397180
08-13-2019 04:33 PM

Posts: 3,695




Post: #45
RE: Deficit up 27% since last year.
I'm in the top 50% and I can barely afford my dilapidated trailer and don't have a car.

What's wrong with this picture?

Scream1

[Image: heresy3.jpg]
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