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

  1. #871
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    Then glad to hear you won't be supporting the Obama jobs' plan which is nothing more than deficit spending.
    You missed the part about not doing deficit spending when unemployment is low. This is how it works: you run a surplus or very low deficits when times are good; that allows you to run deficits when times are bad without overly stressing the economy. It ain't rocket science.

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

    Quote Originally Posted by Conservative View Post
    That is your opinion which you are entitled to, I disagree.
    If the government does not borrow that money and spend it, it would not have been spent! Remember... A: {C+I+G+NX=Y} B: {C+I+G(1-stimulus)+NX=Y-stimulus.} With these identities in mind, which is higher; A or B?

    The Obama stimulus program did absolutely nothing to improve the economy, create net job gains, but it did increase debt service which today is at record low interest rates. Imagine what inflation is going to do with debt service interest?
    The average issuance of total U.S. debt is roughly 5.7 years. Debt service as a % of GDP is at its lowest levels in history! Now, do you have any idea when it was the highest?
    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 AdamT View Post
    You missed the part about not doing deficit spending when unemployment is low. This is how it works: you run a surplus or very low deficits when times are good; that allows you to run deficits when times are bad without overly stressing the economy. It ain't rocket science.
    As I corrected but you and Sheik seem to be sitting there waiting for my posts, we have record debt today which is almost equal to GDP but with low interest rates manageable debt service. Deficit spend today driving up debt, increasing inflation will create high interest rates and that will be devastating.

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

    Quote Originally Posted by Conservative View Post
    Then glad to hear you won't be supporting the Obama jobs' plan which is nothing more than deficit spending although unemployment isn't at record lows but debt is at record high.
    I support fiscal stimulus when interest rates are near the zero bound and unemployment is persistently high. I know you cannot understand why, so let's just agree to disagree.
    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 Goldenboy219 View Post
    If the government does not borrow that money and spend it, it would not have been spent! Remember... A: {C+I+G+NX=Y} B: {C+I+G(1-stimulus)+NX=Y-stimulus.} With these identities in mind, which is higher; A or B?



    The average issuance of total U.S. debt is roughly 5.7 years. Debt service as a % of GDP is at its lowest levels in history! Now, do you have any idea when it was the highest?
    Or the govt. can do nothing and let the market correct itself instead of driving up debt, driving up inflation, and thus driving up interest rates which will hurt us all. Debt service is a result of record low interest rates which inflation will certainly change.

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

    Quote Originally Posted by Conservative View Post
    There is a reason that 70% of the public have no confidence in Obama's handling of the economy but apparently those reasons escape brilliant people like you.
    Romney and Perry offer only tax cuts and we know tax cuts don't create jobs, never have and never will.

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

    Quote Originally Posted by Goldenboy219 View Post
    I support fiscal stimulus when interest rates are near the zero bound and unemployment is persistently high. I know you cannot understand why, so let's just agree to disagree.
    But more deficit spending is going to require printing more money or borrowing more which affects interest rates and thus debt service.

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

    Quote Originally Posted by pbrauer View Post
    Romney and Perry offer only tax cuts and we know tax cuts don't create jobs, never have and never will.
    Allowing people to keep more of what they earns reward taxpayers not the bureaucrats directly

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

    Quote Originally Posted by Conservative View Post
    Allowing people to keep more of what they earns reward taxpayers not the bureaucrats directly
    If that is true then there should be no taxes, right?

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

    Quote Originally Posted by Conservative View Post
    As I corrected but you and Sheik seem to be sitting there waiting for my posts, we have record debt today which is almost equal to GDP but with low interest rates manageable debt service. Deficit spend today driving up debt, increasing inflation will create high interest rates and that will be devastating.
    There is no question that we're in a bind. We need significant stimulus to jump start consumer demand but we have very high debt. If we don't stimulate, the economy will be stagnant, at best, for a very long time, which can only increase the debt as a result of lower tax revenue and a continuing need for heigtened safety net assistance. If we do stimulate it will bring down unemployment and increase renvenues relative to the no stimulus plan, but it will drive up the debt faster. The solution, IMO, is to do significant short-term stimulus coupled with significant long-term debt reduction.

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