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

  1. #841
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    When you take money from SS and put it on budget you affect the public debt but as was shown there was no surplus there either, but there was a PROJECTED surplus. Still find it interesting that you are so concerned about revenue going to politicians who created the 14.6 trillion dollar debt. Just like a liberal, it is always about more revenue and not the failure of social spending that has yet to solve a social problem.
    Clinton did the same thing that presidents did before him and after him. But you can't use one set of numbers to claim Clinton didn't run a surplus and another set of numbers to minimize Reagan/Bush deficits -- which is exactly what conservatives do.

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

    Quote Originally Posted by Goldenboy219 View Post
    The federal government would have had far more ammunition to combat this recession without the erroneous deficit spending of the Bush administration.
    Like all liberals it is about spending more money and never addressing where the money was spent. Again the stimulus IMO was big enough but was spent wrong so now we are going to hear about more spending requests?

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

    Quote Originally Posted by AdamT View Post
    Clinton did the same thing that presidents did before him and after him. But you can't use one set of numbers to claim Clinton didn't run a surplus and another set of numbers to minimize Reagan/Bush deficits -- which is exactly what conservatives do.
    Doesn't matter what Clinton did or what Bush did only what Obama is DOING. You cannot change the past but you can change the future. Obama has put Bush spending on steroids as evidenced by his budgets.

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

    Quote Originally Posted by Conservative View Post
    Then tell it to the Treasury Dept which shows debt rising every year of the Clinton years?
    Because that debt was owed to the Social Security Fund! Do you understand basic accounting?
    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 Conservative View Post
    Like all liberals it is about spending more money and never addressing where the money was spent. Again the stimulus IMO was big enough but was spent wrong so now we are going to hear about more spending requests?
    Your opinion is insufficient because it does not take into account impact that job losses had on GDP. Secondly, it would be impossible to raise nearly $800 billion in the span of 10 months with a debt to gdp ratio in the 90's. Doing so would cause interest rates to spike instantaneously, thereby damaging the monetary policy objectives by the Fed.
    Last edited by Kushinator; 09-07-11 at 12:16 PM.
    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 The Barbarian View Post
    Why booooo it's the very same reasoning you are using to excuse the debt Obama is occurring by pointing fingers back at Bush .. . So I guess it's that personal responsibility thing yet again huh ?
    Again, not what I'm doing. I have said the debt is the responsibility of many, both democrat and republican, and that includes both Bush and Obama. This is an honest statement.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Conservative View Post
    Denouncing the spending in the past does what to address the spending today?
    Knowing histroy is the best way to prevent it from happening again. if you think just having a republican in office ignores histroy, and assures we will continue to repeat history.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Goldenboy219 View Post
    Because that debt was owed to the Social Security Fund! Do you understand basic accounting?
    Absolutely, do you know that debt service is paid on public debt PLUS Intergovt. holding debt? With SS fund having a debt because money for future obligations was spent that was more than the public debt surplus how was there a total surplus?

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

    Quote Originally Posted by The Barbarian View Post
    About as useless as asking you to think, you complain about one side .. then run around making excuses for the spending from your side .. . so you are any different how ? Bush added near 6t to our debt in 8 years .. . or about 750B a year .. . that's a bad enough record, Obama in his first three years is going to add 3.6T to our debt, or 1.2T per year .. .if he is to last 8 years .. .that means he is going to add 9.6t making our national debt over 20T dollars

    Now I'm sorry, but I thought Obama was elected to fix our problems, not make them worse. While you prefer to talk about what Bush did, I prefer to talk about what is going on now, but maybe you weak minded liberals feel that living in the past .. . you will be able to change it .
    Actually Obama made things much better, here is a list of private sector gains and losses.

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    2008 Gains/Loss 4 -128 -87 -186 -240 -217 -265 -317 -434 -491 -787 -636
    2009 Gains/Loss -841 -721 -787 -773 -326 -438 -287 -215 -213 -250 -34 -102
    2010 Gains/Loss -42 -21 144 229 48 65 93 110 109 143 128 167
    2011 Gains/Loss 94 261 219 241 99 75 156 17

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

    Quote Originally Posted by Goldenboy219 View Post
    Your opinion is insufficient because it does not take into account impact that job losses had on GDP. Secondly, it would be impossible to raise nearly $800 billion in the span of 10 months with a debt to gdp ratio in the 90's. Doing so would cause interest rates to spike instantaneously, thereby damaging the monetary policy objectives by the Fed.
    Obama stimulus did nothing to create jobs but instead bailed out states which needed to solve their own problems and financial obligations. bailing out union pension funds may be stimulating for the unions but did nothing for the economy.

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