Thurmal34 Posted March 2 Author Posted March 2 economy booms quarter after quarter imagine hating that? 1
Thurmal34 Posted March 2 Author Posted March 2 3 minutes ago, US Egg said: reaganomics! hopefully bidens commitment to the middle class will reap the same thing 40 yrs down the line but in reverse. 1
BillStime Posted March 3 Posted March 3 1 hour ago, Big Blitz said: But abortion!!!!! But yes - let’s vote for the POS that gave the wealthiest Americans a ginormous tax cut and then dolled out and forgave trillions in PPP loans to those same people. While at the same time you freaks are crying about student loans relief. You cannot make this up. GTFOH 1
BillStime Posted March 3 Posted March 3 21 hours ago, US Egg said: Thanks Joe. And MAGA thought this POS was looking out for them
ComradeKayAdams Posted March 4 Posted March 4 Eek! The political tribalism in this thread is truly astounding. But at least the stans for Javier Milei and the stans for Thomas Friedman are united in an acknowledgment that the American middle class is in bad shape and that resuscitating it is good for the overall economy. The questions people should be asking themselves about the middle class: 1. What does the macroeconomic data say about the beginning of its demise in America? 2. What factors, policies, and specific legislation are believed to have contributed to its demise? 3. What factors, policies, and specific legislation can be expected to lead to its recovery? 4. What does GDP growth have to say about its health as well as the health of the other economic classes? 5. How are various inflation metrics correlated with its health and also with the health of the other economic classes? My advice: seek out books or economics research paper reviews for answers to these questions…not social media posts or message board forums for perpetually underachieving pro football teams (<< Kay Adams cry emoji >>). 1 1
Tommy Callahan Posted March 4 Posted March 4 130 debt to gdp is unrealistic. Spending more than we take in. Debt alone is our largest expense and only growing. Lower the corporate and individual tax rate so the growth is organic. Vs state spending that stays at the top. People can't eat gdp or expect it to help them with their health. The concentration of wealth and debt levels of both households and states needs to move the other way 2
All_Pro_Bills Posted March 5 Posted March 5 (edited) 16 hours ago, Tommy Callahan said: 130 debt to gdp is unrealistic. Spending more than we take in. Debt alone is our largest expense and only growing. Lower the corporate and individual tax rate so the growth is organic. Vs state spending that stays at the top. People can't eat gdp or expect it to help them with their health. The concentration of wealth and debt levels of both households and states needs to move the other way Our elected officials in Washington have been playing a game of make-believe for decades. This is a game leaders and members of both major parties have been and are still playing. Look at these comical debt ceiling and stop-gap funding bills. Its one big tragic comedy in real-time. They believe in the idea the US government can pile up massive debts year after year adding trillions to the national debt with no nominal limit to how much debt the government can accumulate. All without incurring any negative consequences. Well, at least no negative consequences the average American can understand unless they're willing to do a little more thinking than usual. In other words, borrowing to infinity, and the repudiation of every rule of finance and common sense. This is a delusion leading us to ruin as a nation and as a society. I've seen numbers that put quarterly US borrowing at $1 trillion per quarter. Reality is that its impossible for this to continue from a point of practicality and simple math. Disaster lies just ahead. At the end of it everyone's standard of living is going to suffer a downgrade and nothing is going to stop it. Edited March 5 by All_Pro_Bills 1
Coffeesforclosers Posted March 5 Posted March 5 On 3/3/2024 at 11:00 PM, ComradeKayAdams said: Eek! The political tribalism in this thread is truly astounding. But at least the stans for Javier Milei and the stans for Thomas Friedman are united in an acknowledgment that the American middle class is in bad shape and that resuscitating it is good for the overall economy. The questions people should be asking themselves about the middle class: 1. What does the macroeconomic data say about the beginning of its demise in America? 2. What factors, policies, and specific legislation are believed to have contributed to its demise? 3. What factors, policies, and specific legislation can be expected to lead to its recovery? 4. What does GDP growth have to say about its health as well as the health of the other economic classes? 5. How are various inflation metrics correlated with its health and also with the health of the other economic classes? My advice: seek out books or economics research paper reviews for answers to these questions…not social media posts or message board forums for perpetually underachieving pro football teams (<< Kay Adams cry emoji >>). When the same six tweet-spamming posters are responsible for 95% of the threads in this subforum, then it's probably part of the outrage machine. Rather than a serious place to discuss serious things seriously. 1 1
Doc Posted March 5 Posted March 5 If I didn't already have an EV (Tesla), I'd probably pick up one. They'll be dirt cheap soon.
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