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Thread: Employers add no net jobs in Aug.; rate unchanged

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Goldenboy219 View Post
    Spending cuts do not grow the economy, unless of course public debt crowds out private capital (but that cannot occur during periods of high unemployment or a large/negative current account). Gains in productivity, innovation, and access to new markets (be they internal or global) grow the economy. Period!
    Spending cuts mean less tax revenue going to fund the govt. and thus more money to the debt service and funding the IOU's. The govt. cannot create private sector prosperity and it is the private sector that is going to get us out of this mess. We need 25 million unemployed Americans back at work paying taxes and that isn't going to happen with govt. spending.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Goldenboy219 View Post
    Maybe you can start a thread in another sub forum about how you despise the death penalty.
    I've stated that in other threads.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    People escape from prison.
    OMG,

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    Spending cuts mean less tax revenue going to fund the govt. and thus more money to the debt service and funding the IOU's. The govt. cannot create private sector prosperity and it is the private sector that is going to get us out of this mess. We need 25 million unemployed Americans back at work paying taxes and that isn't going to happen with govt. spending.
    Let's assume we balance the budget AND SS runs a surplus.... What do they do?

    As the baby-boom generation retires, there will be a great deal of demand for labor to fill the positions left behind.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by 1Perry View Post
    OMG,
    Please stick to the topic; or start your own thread.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by EarlzP View Post
    It's obvious that you are not stupid so that only leaves one conclusion you choose to be less then truthful, you have an agenda and you do not believe that anyone can see through your BS and know what you really want, Bottom line millions of hard working people invested thier hard earned money into SS and a good portion of them depend on SS for basic needs like food and housing, so go ahead and put your fingers in it, I can't wait

    Social Security Trust Fund - Wikipedia, the free encyclopedia

    In the United States, the Social Security Trust Fund is a fund operated by the Social Security Administration into which are paid contributions from workers and employers under the Social Security system and out of which benefit payments to retirees, survivors, and the disabled, and general administrative expenses are paid.

    Most of the fund is considered float and can be invested in securities issued by the federal government. These securities can be redeemed as needed to make benefit payments in the future when contributions derived from payroll taxes and self-employment contributions no longer are sufficient to fully fund then-current benefit payments. (The controversy over whether the U.S. government is capable of doing this is a topic of the sustainability of the unified Federal budget.)

    Because under current federal law these securities represent future obligations that must be repaid, the federal government includes these securities within the overall national debt.[1][2] The portion of the national debt that is not considered "publicly held" represents the obligations incurred by the government to itself, the bulk of which consists of the government's obligations to the Social Security Trust Fund

    There is one large Ponzi Scheme that needs to be broken down and dismantled it's called Wall Street all them brokers who walk away with millions and billions of of dollars should be brough to trial for participating in a Ponzi Scheme.
    Still cannot admit that you are wrong, I gave you the official SS site and that isn't good enough for you. I gave you the budget of the United States line item income and expenses and that is not good enough for you. You simply don't understand what you are even posting and you certainly don't understand that SS is not in a trust fund and hasn't been since the 60's. Your Wikipedia doesn't say what you claim it says and you totally ignore SS's own site that says that SS is on budget. This is a waste of time as you are too brainwashed to deal with.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by pbrauer View Post
    Where did I say that??
    Because someone said SS was a ponzi scheme, and if it wasn't and described it, what was it? And you said insurance. So SS is mandated to be taken out of your check, thus according to you, its gov't mandated insurance.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Goldenboy219 View Post
    Please stick to the topic; or start your own thread.
    The topic was jobs, not S.S. Mr Kettle.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Goldenboy219 View Post
    Let's assume we balance the budget AND SS runs a surplus.... What do they do?

    As the baby-boom generation retires, there will be a great deal of demand for labor to fill the positions left behind.
    A surplus needs to fund the SS IOU's so we don't have to print or borrow more money. If that is the case you are going to see massive inflation hurting SS recipients as the value of their checks will be much less.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    Still cannot admit that you are wrong
    Interesting coming from someone who does not understand the macro economy, finance, monetary policy, statistical (econometric) analysis and saying someone will not admit they are wrong?

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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