• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

US economy adds 288,000 jobs in June

Glen Contrarian said:
And what you described is classic Keynesianism, isn't it? Stimulus during bad times, pay off the debt during good times...the Goldilocks economy. Neither too hot nor too cold, neither too bad nor too good.
Click to expand...

Well yes.

Keynesianism makes sense.

It's historically correct, it's part of what Made Germany grow so greatly so quickly. They built Social Infrastructure, energy and its conduits as well as railroads when the ingredients were extremely cheap: i.e. labor, property values and material costs. And in the process they spurred consumer growth while decreasing business costs.

How is that in any way complicated?
 
Conservative said:
Republicans cut revenue flow? It doesn't help when we have so many poorly informed people. Govt. revenue set records after the Reagan and Bush tax cuts so where is the revenue cut?
Click to expand...

Could I get a link, please?
 
Buddha C said:
Well yes.

Keynesianism makes sense.

It's historically correct, it's part of what Made Germany grow so greatly so quickly. They built Social Infrastructure, energy and its conduits as well as railroads when the ingredients were extremely cheap: i.e. labor, property values and material costs. And in the process they spurred consumer growth while decreasing business costs.

How is that in any way complicated?
Click to expand...

German Economy: Facts, Population, GDP, Inflation, Unemployment, Business

United States Economy: Population, GDP, Unemployment, Inflation, Spending

Interesting to see the deterioration of the United States in the last few years due to the rapid increase in govt. spending and micromanagement of the economy. It is a shame to see what liberalism is doing to this once great country.
 
Conservative said:
German Economy: Facts, Population, GDP, Inflation, Unemployment, Business

United States Economy: Population, GDP, Unemployment, Inflation, Spending

Interesting to see the deterioration of the United States in the last few years due to the rapid increase in govt. spending and micromanagement of the economy. It is a shame to see what liberalism is doing to this once great country.
Click to expand...

What?

Oh, sorry, I thought this was a reply to my request for a link on the tax revenue increases from tax cut stimulus. In the case of what this is, I'm just going to wait for you to post a link to your claim so I can check it out.
 
Buddha C said:
Hmm?

If you were trying to show me a graph the BEA is known for being entirely unergonomical.
Click to expand...

BEA gets its data from the bank account of the United States. If you have a problem with the data take it up with the Treasury Dept but that is the data used to determine debt service.

By the way, I am sure your bank gets your data wrong all the time, doesn't it? If you want information about your bank account do you go to some leftwing site to get it or the bank?
 
Buddha C said:
Well yes.

Keynesianism makes sense.

It's historically correct, it's part of what Made Germany grow so greatly so quickly. They built Social Infrastructure, energy and its conduits as well as railroads when the ingredients were extremely cheap: i.e. labor, property values and material costs. And in the process they spurred consumer growth while decreasing business costs.

How is that in any way complicated?
Click to expand...


Keynesianism makes sense ?

Historically acurate ?

How old are you ? No really, how old are you ?

I'm guessing under 25. Am I close ?
 
Buddha C said:
What?

Oh, sorry, I thought this was a reply to my request for a link on the tax revenue increases from tax cut stimulus. In the case of what this is, I'm just going to wait for you to post a link to your claim so I can check it out.
Click to expand...

Posted the link, doubt you are interested in checking anything out. You want badly to buy what you are told from leftwing sites for we all know that the bank account of the United States is wrong because the leftwing say so
 
DA60 said:
When will the media learn to read beyond the headlines?

According to the household survey...there were 799,000 more people employed part time in June.

But there were 523,000 less people employed full time in June.

Table A-9. Selected employment indicators


So losing over 1/2 a million full-time jobs in one month is considered good news....okaaaaaay.

The McDonald's/WalMart-type recovery is in full swing.
Click to expand...

Then on top of that, extrapolating census 2000 and 2010 numbers, the may to June population growth is approximately 243,000.
 
Conservative said:
Posted the link, doubt you are interested in checking anything out. You want badly to buy what you are told from leftwing sites for we all know that the bank account of the United States is wrong because the leftwing say so
Click to expand...

Well, I'll keep trying to navigate the site Conservative but it's not working out too well for me. If you want to give me the search parameters, I'd be more than happy to oblige.
 
Buddha C said:
Well, I'll keep trying to navigate the site Conservative but it's not working out too well for me. If you want to give me the search parameters, I'd be more than happy to oblige.
Click to expand...

Very simple to me, go to the personal taxes section and look at what it was in 1980 and then again at 1989 and tell me what the increase is. How could there be such an increase with three years of personal tax cuts? Hmmm, 60%
 
Conservative said:
Very simple to me, go to the personal taxes section and look at what it was in 1980 and then again at 1989 and tell me what the increase is. How could there be such an increase with three years of personal tax cuts? Hmmm, 60%
Click to expand...

Sorry bud I'm having a huge problem finding personal taxes, I've used the find search option and have gone threw Sections 1-7 to no avail. Could you perhaps give more comprehensive instructions?
 
Buddha C said:
Well, I'll keep trying to navigate the site Conservative but it's not working out too well for me. If you want to give me the search parameters, I'd be more than happy to oblige.
Click to expand...

At the end of 1980 the income tax collected was 250 billion dollars and at the end of 1988 it was 402 billion dollars or 152 billion increase, 152/250 billion =61%. So much for the myth that income tax cuts cost the federal govt. revenue
 
Conservative said:
At the end of 1980 the income tax collected was 250 billion dollars and at the end of 1988 it was 402 billion dollars or 152 billion increase, 152/250 billion =61%. So much for the myth that income tax cuts cost the federal govt. revenue
Click to expand...

Is that adjusted for the 80s inflation and real gdp gains?
 
Buddha C said:
Is that adjusted for the 80s inflation and real gdp gains?
Click to expand...

Why would it be adjusted for anything, it actually happened at the time it happened it was in 80's dollars. It shows the Personal current taxes collected by year in the dollars of that year just like the expenses were of that year.

Click on the link

Section 3 Federal Govt. Current Receipts and Expenditures
Click on Modify
Put in dates 1980 and 1988
Look at the Personal Current Taxes section

Thank you, glad to help you learn something
 
Conservative said:
Why would it be adjusted for anything, it actually happened at the time it happened it was in 80's dollars. It shows the Personal current taxes collected by year in the dollars of that year just like the expenses were of that year.

Click on the link

Section 3 Federal Govt. Current Receipts and Expenditures
Click on Modify
Put in dates 1980 and 1988
Look at the Personal Current Taxes section

Thank you, glad to help you learn something
Click to expand...

Thank you, I'll check it out.
 
Conservative said:
Why would it be adjusted for anything, it actually happened at the time it happened it was in 80's dollars. It shows the Personal current taxes collected by year in the dollars of that year just like the expenses were of that year.

Click on the link

Section 3 Federal Govt. Current Receipts and Expenditures
Click on Modify
Put in dates 1980 and 1988
Look at the Personal Current Taxes section

Thank you, glad to help you learn something
Click to expand...

Thank you, you made me do more research on the devil man.

"What people forget about Ronald Reagan was that he very much converted to base broadening as a means of reducing deficits and as a means of tax reform," said Eugene Steuerle, an Institute Fellow at the Urban Institute who had helped lay the groundwork for tax reform in 1986 and served as a deputy assistant Treasury secretary during Reagan's second term...

In 1983, for example, he signed off on Social Security reform legislation that, among other things, accelerated an increase in the payroll tax rate, required that higher-income beneficiaries pay income tax on part of their benefits, and required the self-employed to pay the full payroll tax rate, rather than just the portion normally paid by employees.

The tax reform of 1986, meanwhile, wasn't designed to increase federal tax revenue. But that didn't mean that no one's taxes went up. Because the reform bill eliminated or reduced many tax breaks and shelters, high-income tax filers who previously paid little ended up with bigger tax bills...

All told, the tax increases Reagan approved ended up canceling out much of the reduction in tax revenue that resulted from his 1981 legislation...

Indeed, in one very symbolic respect he enlarged it. While in the early years of his presidency Reagan tried to shrink the IRS, by the end, the number of IRS employees hit an all-time high, according to Steuerle in his book Contemporary U.S. Tax Policy.

The reason was two-fold, Steuerle said. The first was a desire to crack down on the proliferation of tax shelters. But the point of cracking down was to boost tax revenue. That, in turn, could reduce the need to impose other tax increases to combat budget deficits."

I figure his 10% increase in Gov't spending probably had the multiplier affect of also employing more people (gov't stimulus via military spending) who paid taxes.

And a second one I haven't read myself but just thought I'd put up: Ronald Reagan raised taxes 11 times? The real story | The Daily Caller
 
Sorry forgot to put this up there too, it's from the first link from the above post: "Two bills passed in 1982 and 1984 together "constituted the biggest tax increase ever enacted during peacetime," Thorndike said. "
 
Buddha C said:
Thank you, you made me do more research on the devil man.

"What people forget about Ronald Reagan was that he very much converted to base broadening as a means of reducing deficits and as a means of tax reform," said Eugene Steuerle, an Institute Fellow at the Urban Institute who had helped lay the groundwork for tax reform in 1986 and served as a deputy assistant Treasury secretary during Reagan's second term...

In 1983, for example, he signed off on Social Security reform legislation that, among other things, accelerated an increase in the payroll tax rate, required that higher-income beneficiaries pay income tax on part of their benefits, and required the self-employed to pay the full payroll tax rate, rather than just the portion normally paid by employees.

The tax reform of 1986, meanwhile, wasn't designed to increase federal tax revenue. But that didn't mean that no one's taxes went up. Because the reform bill eliminated or reduced many tax breaks and shelters, high-income tax filers who previously paid little ended up with bigger tax bills...

All told, the tax increases Reagan approved ended up canceling out much of the reduction in tax revenue that resulted from his 1981 legislation...

Indeed, in one very symbolic respect he enlarged it. While in the early years of his presidency Reagan tried to shrink the IRS, by the end, the number of IRS employees hit an all-time high, according to Steuerle in his book Contemporary U.S. Tax Policy.

The reason was two-fold, Steuerle said. The first was a desire to crack down on the proliferation of tax shelters. But the point of cracking down was to boost tax revenue. That, in turn, could reduce the need to impose other tax increases to combat budget deficits."

I figure his 10% increase in Gov't spending probably had the multiplier affect of also employing more people (gov't stimulus via military spending) who paid taxes.

And a second one I haven't read myself but just thought I'd put up: Ronald Reagan raised taxes 11 times? The real story | The Daily Caller
Click to expand...

That didn't take long and you didn't even have to look hard, just use Google and you will find every leftwing site in the world demonizing someone who allowed the American people to keep more of what they earn and there are a lot of people who don't like that? You see, people with more cash don't need liberals and that destroys their power and their base. Guess I can see which group you are in.

The only taxes Reagan raised were use taxes, if you don't use the services you don't pay the taxes, what a novel idea, how about a flat tax or a consumption tax? No, that won't work because it gives people not bureaucrats power

I still don't get it, liberals tell us how tax cuts cause deficits to please tell me how a 60% increase in income tax revenue caused the deficits and how income tax revenue could go up after three years of INCOME Tax cuts??

By the way you can use the same site to see how much military spending went up and how much the GDP increased during the Reagan years. I am sure some leftwing site will tell you how bad that is too
 
Conservative said:
That didn't take long and you didn't even have to look hard, just use Google and you will find every leftwing site in the world demonizing someone who allowed the American people to keep more of what they earn and there are a lot of people who don't like that? You see, people with more cash don't need liberals and that destroys their power and their base. Guess I can see which group you are in.

The only taxes Reagan raised were use taxes, if you don't use the services you don't pay the taxes, what a novel idea, how about a flat tax or a consumption tax? No, that won't work because it gives people not bureaucrats power
Click to expand...

He decreased taxes, saw that was stupid, and fixed it.

If anything, you have made me not think of him as a complete sack of **** but only 99% of it. And that's saying something coming from the Great Country I come from and what he did to it.
 
It's the same story with Conservative every month. Butchering of current events, history and the denial of any facts that inconvenience him. What a ****ing trainwreck.
 
Buddha C said:
He decreased taxes, saw that was stupid, and fixed it.

If anything, you have made me not think of him as a complete sack of **** but only 99% of it. And that's saying something coming from the Great Country I come from and what he did to it.
Click to expand...

Well that is liberal logic, he cut income taxes putting more money into the hands of the consumer and raising use taxes so consumer could choose what to spend their money on, can see how that is a problem with you. Wonder how he won 49 states in 84? Guess there just weren't that mane of "you"voting. Great country that you came from? What country was that? Isn't it great that you can leave any time you want? What is stopping you?
 
a351 said:
It's the same story with Conservative every month. Butchering of current events, history and the denial of any facts that inconvenience him. What a ****ing trainwreck.
Click to expand...

Right, love how BEA.gov, BLS.gov, and the Treasury got it all wrong
 
Conservative said:
Right, love how BEA.gov, BLS.gov, and the Treasury got it all wrong
Click to expand...
:lol: Yeah, just link the websites and that means you know what you're talking about!

I'm an astronaut btw : NASA
 
You must log in or register to reply here.
Back
Top Bottom