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

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

    Quote Originally Posted by Gimmesometruth View Post
    We have gone over this a thousand times, there was a surplus and BY FEDERAL LAW, it was required to be paid back into the SSTF which had been borrowed against to fund previous deficits, so you were not going to see a reduction in total debt. There was a surplus from FY1998 to FY2001.

    The increases in the budgets since 2009 have been among the smallest since Eisenhower, the issue has been the major cost increases during the Bush years (unfunded wars, unfunded Medicare D, tax cuts) and of course the huge decline in revenue from the recession.
    So what is your answer to the 6.2 plus trillion dollar debt Obama has created over the past 4 plus years? It is great pointing back to what you perceive Clinton did but for what purpose. Obama has wiped any projected surplus out completely and that seems to be something you want to ignore. Right now debt service is the 4th largest budget item. Want to make it number one?

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

    Quote Originally Posted by Conservative View Post
    What is the value of your dollar going to be when that debt has to be funded by printing or borrowing money?
    Well...what is it? Can you objectively show a change in value?
    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.

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

    Quote Originally Posted by Conservative View Post
    So what is your answer to the 6.2 plus trillion dollar debt Obama has created over the past 4 plus years?
    Oh, it is ground hog day again, con has forgotten all previous discussion, we must start from zero all over....wash rinse repeat.
    It is great pointing back to what you perceive Clinton did but for what purpose.
    What purpose? That was self evident, to repay the SSTF that you constantly lament has been used to cover deficits. Ground hog day.


    Obama has wiped any projected surplus out completely and that seems to be something you want to ignore.
    Actually, it was Bush that wiped out the projected surplus long before Obama was elected...but you knew that....and forgot it...over and over.


    Right now debt service is the 4th largest budget item. Want to make it number one?
    No, it actually is further down the line and is @ 6% of the budget.

    Wash rinse repeat.
    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.

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

    Kushinator;1062104345]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.
    You seem to miss the point, where are the dollars going to come from to pay those obligations? What does your textbook tell you about the effects of printing and borrowing money on the value of the dollar?


    As it is designed to!
    Was SS designed to prop up the Treasury and give the President and Congress a slush fund to spend? Imagine what kind of condition we would be in now without trillions in IOU's?


    They have trillions of dollars in risk free, cash flow generating assets.
    I see, so your return on your "investment" in SS is generating the kind of return you would generate without it and then having that investment your Money? Trillions of risk free IOU's you mean? Where is the money going to come from to fund the cost of our bloated Federal Govt. and those SS/Medicare IOU's?


    Actuarial analysis trumps ideological analysis when it comes to public insurance funding.
    Actual analysis is nothing more than an educated guess that future activities will follow historical performance? How many predictions of Obama have been accurate?

    A rise in interest rates will be predicated upon economic growth.
    What will a rise in interest rates to do debt service on the current 17 trillion dollar debt? Any idea what printing and borrowing money will do to interest rates? What does your textbook tell you?


    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.
    Right now debt service is about 250 billion a year and rising. That is the fourth largest budget item. Tell me that is good fiscal policy to have a rising debt and rising debt service taking up a bigger percentage of the budget?


    This has already been analyzed in another post:
    Your projections of a significant reduction in debt service is misguided glee especially since the deficit will still be close to a trillion dollars if not over a trillion. 139 billion isn't a good indication of what is going to happen during these summer months.




    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.
    That are self insured by the Federal Govt. who has to print or borrow money to pay off those obligations. Logic and common sense apparently aren't of interest to you either.


    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.
    Analyze until your heart's content but what happens if you are wrong? The private sector is growing at a very poor rate. Never in the history of this country have we had such a slow recovery after the end of a recession, a recovery stymied by the poor leadership of our community organizer. Until you stimulate the private sector to put 21 plus million unemployed/underemployed/discouraged workers back to work full time the economic situation isn't going to get any better. Bank on it. Actual reality trumps your analysis

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

    Quote Originally Posted by Gimmesometruth View Post
    Oh, it is ground hog day again, con has forgotten all previous discussion, we must start from zero all over....wash rinse repeat. What purpose? That was self evident, to repay the SSTF that you constantly lament has been used to cover deficits. Ground hog day.


    Actually, it was Bush that wiped out the projected surplus long before Obama was elected...but you knew that....and forgot it...over and over.


    No, it actually is further down the line and is @ 6% of the budget.

    Wash rinse repeat.
    How are things in your liberal dream world? When was the last time you looked at the U.S. Budget? It is the fourth largest budget item

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

    Quote Originally Posted by Conservative View Post
    So what is your answer to the 6.2 plus trillion dollar debt Obama has created over the past 4 plus years?
    What's your "answer" to it? Put something forth for once.

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

    Quote Originally Posted by winston53660 View Post
    What's your "answer" to it? Put something forth for once.
    I have wasted enough time posting information here that you ignore. Do some research and you will even find the answer in this thread among others. For someone who follows me around like a little puppy you should get someone to help you with comprehension on what I post?

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

    Quote Originally Posted by Gimmesometruth View Post
    Well...what is it? Can you objectively show a change in value?
    Sure can but will let you good little Obama supporters find out the big surprise all by yourself. You don't believe anything posted by a conservative anyway.

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

    Quote Originally Posted by Conservative View Post
    What is the value of your dollar going to be when that debt has to be funded by printing or borrowing money?
    I don't know, the Fed has been purchasing an average of $45 billion of treasuries since November 2012 while, as you pointed out, the treasury has issued around $5 trillion in net debt since 2008.

    What does the data tell us about inflation?

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

    Quote Originally Posted by Conservative View Post
    How are things in your liberal dream world? When was the last time you looked at the U.S. Budget? It is the fourth largest budget item
    So you keep saying....yawn. The fact is, it is 6% of the budget....double yawn.

    Wash rinse repeat.....over and over...
    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.

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