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Thread: U.S. Jobless Rate Unexpectedly Declines to 8.6%

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    calling me dumb? LOL, what does the 1.7 trillion dollar debt that Reagan generated have to do with 2011 dollars? You think the debt service is paid on 2011 dollars? Where is the answer?

    $1.00 in 1981 has the same buying power as $2.50 in 2010.

    SOoo...that $1.7 trillion is $4.5 trillion in 2011.Like i said i kinda like to put things in perspective. Just think, the gipper managed all of that without two and a half (unfunded) wars, as well as without an unfunded prescription drug plan.Hope that puts things in perspective for ya.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    calling me dumb? LOL, what does the 1.7 trillion dollar debt that Reagan generated have to do with 2011 dollars? You think the debt service is paid on 2011 dollars? Where is the answer?
    Um, please tell me you're not that dim. You can't compare raw numbers across a 30-year time span without converting them into constant dollars.

    So, adjusted for inflation, Reagan's debt comes out to about $3 trillion. And of course the cost to service it was much much higher due to the much higher interest rates.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by treedancer View Post
    $1.00 in 1981 has the same buying power as $2.50 in 2010.

    SOoo...that $1.7 trillion is $4.5 trillion in 2011.Like i said i kinda like to put things in perspective. Just think, the gipper managed all of that without two and a half (unfunded) wars, as well as without an unfunded prescription drug plan.Hope that puts things in perspective for ya.
    You really have no idea what you are talking about as apparently your youth prevents you from knowing what Reagan inherited. It does appear that like far too many you will do anything to divert from the Obama record and I don't blame you. What you failed to recognize is that Reagan economy generated 17 million jobs, doubled GDP, and had a 60% increase in Income Tax revenue. Interesting how you tell only part of the story.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by AdamT View Post
    Um, please tell me you're not that dim. You can't compare raw numbers across a 30-year time span without converting them into constant dollars.

    So, adjusted for inflation, Reagan's debt comes out to about $3 trillion. And of course the cost to service it was much much higher due to the much higher interest rates.
    What was the doubling of GDP and 17 million jobs created equate to in 2011 dollars and numbers? Why are you so concerned about what you perceive that Reagan did when you ignore what Obama is doing? You can run and you can divert, but you cannot hide the Obama record.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by AdamT View Post
    Um, please tell me you're not that dim. You can't compare raw numbers across a 30-year time span without converting them into constant dollars.

    So, adjusted for inflation, Reagan's debt comes out to about $3 trillion. And of course the cost to service it was much much higher due to the much higher interest rates.
    Its been a long day Adam.No nap, worked thru lunch fighten the good fight for rush and glen.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    You really have no idea what you are talking about as apparently your youth prevents you from knowing what Reagan inherited. It does appear that like far too many you will do anything to divert from the Obama record and I don't blame you. What you failed to recognize is that Reagan economy generated 17 million jobs, doubled GDP, and had a 60% increase in Income Tax revenue. Interesting how you tell only part of the story.
    Here, do the math for yourself before you go to bed.


    DollarTimes.com | Inflation Calculator
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by PeteEU View Post
    Conservative rule 1.

    Deny everything and blame everyone else.
    If true then the one term Marxist president Obama must be a conservative. Please remember to apologize often, bow to foreign leaders and kiss the backsides of this nation's enemies.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by treedancer View Post
    Here, do the math for yourself before you go to bed.


    DollarTimes.com | Inflation Calculator
    Totally irrelevant but thanks

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    What exactly was the Democrat position on subprime mortgages? Keep digging and continue to divert from the Hope and Change President and his disastrous results.
    Hope and Change!

    I thought it was Hoax and Chains.

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    Totally irrelevant but thanks
    And you claim to have run a business!

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