Page 176 of 215 FirstFirst ... 76126166174175176177178186 ... LastLast
Results 1,751 to 1,760 of 2145

Thread: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

  1. #1751
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Kushinator View Post
    Question: Where is the majority of ALL pension fund balances allocated?
    You mean like Public Service funds? Most in govt. bonds that have to be funded by cash and with trillions in debt where is the cash going to come from?

  2. #1752
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:52 AM
    Gender
    Lean
    Independent
    Posts
    16,257

    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Conservative View Post
    You mean like Public Service funds? Most in govt. bonds
    Exactly!!!!

    that have to be funded by cash
    This occurs via the S.S. tax surplus.

    and with trillions in debt where is the cash going to come from?
    Debt levels of sovereign nations, with the greatest amount of economic activity the world has ever seen, do not restrict future borrowing capabilities. Much of the future value of compounded debt will be inflated away, while the proportion of S.S. on the U.S. budget will increase. Future tax revenue will pay future liabilities.

    Assuming 2% growth on average until 2031, the U.S. economy will likely be around $23 trillion in 2013 dollars. Further assuming the post war average of 19.5% of GDP for federal receipts, equates to roughly $4.5 trillion in tax revenue (again in 2013 dollars). There is plenty of room in the budget for meeting S.S. liabilities.
    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

  3. #1753
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Kushinator View Post
    Exactly!!!!



    This occurs via the S.S. tax surplus.



    Debt levels of sovereign nations, with the greatest amount of economic activity the world has ever seen, do not restrict future borrowing capabilities. Much of the future value of compounded debt will be inflated away, while the proportion of S.S. on the U.S. budget will increase. Future tax revenue will pay future liabilities.

    Assuming 2% growth on average until 2031, the U.S. economy will likely be around $23 trillion in 2013 dollars. Further assuming the post war average of 19.5% of GDP for federal receipts, equates to roughly $4.5 trillion in tax revenue (again in 2013 dollars). There is plenty of room in the budget for meeting S.S. liabilities.
    Do you realize that tax surplus was created by someone else contributing to SS and that money is owed in the future? Because there was a cash surplus simply means that more people were contributing than were retiring, that doesn't really mean a surplus. That money is owed and thus is a long term expense to the govt.

    Your picture is very rosy considering we already have a 17 trillion dollar debt and it is growing. GDP growth this year is now projected at less than 2%, and Obama has proposed a 3.77 trillion dollar budget. The labor force isn't keeping up with population growth nor the number of baby boomers retiring. We have a balance sheet insolvent program that is being kicked down the road.

    You didn't respond to this article. What is wrong in this article?

    Social Security is Much Worse Than a Ponzi Scheme - and Here's How to End It - Forbes

  4. #1754
    Professor
    Join Date
    Jul 2013
    Last Seen
    11-30-13 @ 07:05 PM
    Lean
    Undisclosed
    Posts
    1,293

    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    What, me worry?

    You are the one with henny penny chicken little shrill whining about Clinton not paying down the IOU's. Hint: It was accomplished via higher taxes during an economic boom. If you want a repeat then get out of the way with the phony arguments.
    What, what's that? Oh yes, good old Slick Willie. Jacks up the taxes on the working stiffs but delivers a big nice capital gains tax cut for business (Thanks to the GOP, Hint: it made a lot of sense).
    Why is it you liberals never want to mention that tax cut? Just like it did for Regan, the tax cut brought in revenue to the government. And with the dot com business boom and adult GOP leadership delivering a more responsible budget good things happened. The tax hikes on the working stiffs didn't do a damn thing but cause misery on the working stiffs and slightly harm the economy. But liberals keep spreading misinformation so they can continue to spread more misery on more Americans.

  5. #1755
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:52 AM
    Gender
    Lean
    Independent
    Posts
    16,257

    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Conservative View Post
    Do you realize that tax surplus was created by someone else contributing to SS and that money is owed in the future?
    Yes, and it has been invested in risk-free debt securities.

    Because there was a cash surplus simply means that more people were contributing than were retiring, that doesn't really mean a surplus.
    What other than a cash surplus is.... a cash surplus?

    That money is owed and thus is a long term expense to the govt.
    That money is "not owed". The promise of receiving S.S. payments after the age of 63 (up to 67) is owed, and is fully funded up to 2027.

    Your picture is very rosy considering we already have a 17 trillion dollar debt and it is growing.
    I am not as worried about the Federal debt as you are. Interest rates are off record lows and still at historic lows.

    GDP growth this year is now projected at less than 2%, and Obama has proposed a 3.77 trillion dollar budget.
    The deficit is now projected to be less than $700 billion. Baring a significant blow to consumer confidence and business investment, the budget deficit is on track to less than $500 billion. None the less, a 2% average is extremely conservative (and is factored for inflation).

    The labor force isn't keeping up with population growth nor the number of baby boomers retiring.
    The labor force is in a restructuring phase, predicated by a once in a generation financial crisis. Eventually, firms will be unable to squeeze any more blood from a stone, and top line growth will be dependent upon production expansion.

    We have a balance sheet insolvent program that is being kicked down the road.
    No, S.S. will not face an actuarial deficit until 2027, when it is expected to account for 6.2% of GDP.

    You didn't respond to this article. What is wrong in this article?

    Social Security is Much Worse Than a Ponzi Scheme - and Here's How to End It - Forbes
    It is an opinion piece not validated by actuarial analysis.
    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

  6. #1756
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    =Kushinator;1062103902]Yes, and it has been invested in risk-free debt securities.
    So let me see if I have this right, risk free debt securities are supported by what, the 17 trillion dollar debt? Come on, Kush, you are better than this, Think for a change. Do you understand what self insured means? Where is the money coming from to pay those IOU's?

    What other than a cash surplus is.... a cash surplus?
    A cash surplus that will be eaten up quickly when those contributions that created that surplus comes due and that is happening now with baby boomers retiring. The labor force isn't keeping up with retirements and SS doesn't have the surplus you think

    That money is "not owed". The promise of receiving S.S. payments after the age of 63 (up to 67) is owed, and is fully funded up to 2027.
    Your opinion noted and it is an opinion based upon predictions none of which have been accurate the past 5 years


    I am not as worried about the Federal debt as you are. Interest rates are off record lows and still at historic lows.
    And what happens when interest rates rise? Of course you aren't worried about the debt because that is what your textbooks tell you. What in that article is false?


    The deficit is now projected to be less than $700 billion. Baring a significant blow to consumer confidence and business investment, the budget deficit is on track to less than $500 billion. None the less, a 2% average is extremely conservative (and is factored for inflation).
    May's deficit was 139 billion dollars, economic projections for GDP are now less than 2% so once again projections are wrong. Why would any business invest in this economy under Obamanomics? Company stock is doing quite well without investing in new employees and growth

    U.S. budget deficit widens $139 billion in May | masslive.com


    The labor force is in a restructuring phase, predicated by a once in a generation financial crisis. Eventually, firms will be unable to squeeze any more blood from a stone, and top line growth will be dependent upon production expansion.
    Business owners cannot print cash and are subject to federal regulations and taxes. Things like Obamacare, the EPA preventing construction on the Keystone Pipeline, The NLRB which put roadblocks up in S. Carolina, and on and on affect business hiring. SS contributions have been spent and there aren't enough workers to replenish the fund. Seems like a hard concept for you and others to understand. The bigger issue however is why was SS put on budget in the first place? Why aren't you upset that your contributions have been spent and now you rely on future contributors to make up the shortfall?



    No, S.S. will not face an actuarial deficit until 2027, when it is expected to account for 6.2% of GDP.
    Percentage of GDP is irrelevant in an economy that is predominantly private sector and it is a private sector economy that is stagnant.


    It is an opinion piece not validated by actuarial analysis.
    Yes, it is an opinion piece, what part of it is wrong? Analyze until your heart's content but that doesn't change the reality.

  7. #1757
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Very interesting opinion piece regarding this President and his inability to effectively manage a predominantly private sector economy. He is still campaigning for a job that he already has and failing to lead as promised

    The Architect of Destruction

  8. #1758
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by ItAin'tFree View Post
    What, what's that? Oh yes, good old Slick Willie. Jacks up the taxes on the working stiffs but delivers a big nice capital gains tax cut for business (Thanks to the GOP, Hint: it made a lot of sense).
    Why is it you liberals never want to mention that tax cut? Just like it did for Regan, the tax cut brought in revenue to the government. And with the dot com business boom and adult GOP leadership delivering a more responsible budget good things happened. The tax hikes on the working stiffs didn't do a damn thing but cause misery on the working stiffs and slightly harm the economy. But liberals keep spreading misinformation so they can continue to spread more misery on more Americans.



    Those figures include all federal taxes: individual income, payroll, corporate income, excise, etc.

    Ezra Klein - Research desk responds: Tax rates galore!

    So you are totally wrong about tax increases on working people, the effective rates DECLINED for the lower quintiles.


    And if I remember correctly, the Taxpayer Relief Act of 1997 had as one of it's big changes a tax exemption on the sale of a house on profits under $250K. The compromise was a decline in capital gains rates, but it had little effect on domestic investment as that had increased in spite of the higher rates in place since 1987.

    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  9. #1759
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:52 AM
    Gender
    Lean
    Independent
    Posts
    16,257

    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Conservative View Post
    So let me see if I have this right, risk free debt securities are supported by what, the 17 trillion dollar debt? Come on, Kush, you are better than this, Think for a change. Do you understand what self insured means? Where is the money coming from to pay those IOU's?
    U.S. government securities are about as risk free as you can get. The inability of the U.S. government to meet any and all financial obligations would equate to a collapse of the global economy. Therefore, unless you believe the U.S. (and global) economy is going to collapse, they can issue as much revenue and/or debt as they need to fulfill promises.



    A cash surplus that will be eaten up quickly when those contributions that created that surplus comes due and that is happening now with baby boomers retiring.
    As it is designed to!


    The labor force isn't keeping up with retirements and SS doesn't have the surplus you think
    They have trillions of dollars in risk free, cash flow generating assets.



    Your opinion noted and it is an opinion based upon predictions none of which have been accurate the past 5 years
    Actuarial analysis trumps ideological analysis when it comes to public insurance funding.

    And what happens when interest rates rise?
    A rise in interest rates will be predicated upon economic growth.

    Of course you aren't worried about the debt because that is what your textbooks tell you. What in that article is false?
    Debt is only an issue when it crowds out private investment. We can easily observe when such a situation arises, and when the U.S. economy operates with an output gap, crowding out will not occur.

    May's deficit was 139 billion dollars, economic projections for GDP are now less than 2% so once again projections are wrong. Why would any business invest in this economy under Obamanomics? Company stock is doing quite well without investing in new employees and growth
    This has already been analyzed in another post:

    Quote Originally Posted by Kushinator View Post
    Some fun analysis!

    U.S. budget deficits since Obama has been in office (giving him all of January, 2009) in millions of dollars:

    2009 $1,471,297
    2010 1,240,497
    2011 1,249,569
    2012 1,060,756
    2013* 216,528*

    * denotes January through June

    Now. If we are to weight the first 6 months of the year throughout Obama's tenure, they would constitute 51% of the January-December budget deficit.

    Applying this estimation for the remaining 6 months of 2013 (49%), the U.S. budget projects to be $424,565 million. A 71% decrease since Obama has been in office.

    The data used for the calculations can be obtained here.

    Business owners cannot print cash and are subject to federal regulations and taxes. Things like Obamacare, the EPA preventing construction on the Keystone Pipeline, The NLRB which put roadblocks up in S. Carolina, and on and on affect business hiring. SS contributions have been spent and there aren't enough workers to replenish the fund. Seems like a hard concept for you and others to understand. The bigger issue however is why was SS put on budget in the first place? Why aren't you upset that your contributions have been spent and now you rely on future contributors to make up the shortfall?
    My contributions are held in the form of special purpose treasury securities. Top line growth is beginning to decelerate to the point where the growth of input costs is sure to hit margins. Political rhetoric is of no interest to me.

    Percentage of GDP is irrelevant in an economy that is predominantly private sector and it is a private sector economy that is stagnant.
    It allows us to understand S.S. outlays relative to national income; a most necessary metric when analyzing the long to medium term solvency of the program. The private sector is growing, but it has yet to be able to sustain necessary growth in the face of a pull-back in government stimulus.

    Yes, it is an opinion piece, what part of it is wrong? Analyze until your heart's content but that doesn't change the reality.
    Make a thread about it.
    Last edited by Kushinator; 07-25-13 at 01:44 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

  10. #1760
    Banned
    Join Date
    Jun 2012
    Last Seen
    10-20-13 @ 04:50 AM
    Lean
    Libertarian - Right
    Posts
    3,195

    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Boo Radley View Post
    That's one reading, largely revisionist. Care to bet I can another?
    FDR's policies prolonged Depression by 7 years, UCLA economists calculate / UCLA Newsroom

    Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."
    Only the true hardcore Obama worshipers still have "faith" at this point. To the rest of the world, he looks like a wannabe dictator that never stops campaigning.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •