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Thread: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

  1. #531
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by American View Post
    Ah a personal attack, very valuable.
    You made a ridiculous statement that adds zero value to this discussion. Low-level partisan hackery has no power here.
    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: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Kushinator View Post
    Projections based on an uninformed opinion are... piss poor projections! It's not like i expected you to provide anything of value to begin with .


    Given the fact that the numbers on the spending from the Failed Stimulus come from the government, the only thing we know with absolute certainty is that the numbers are fudged.

    That said, the spending on infrastructure gets interpreted as somewhere between 30 billion and 100 billion.

    The total bill was was about 787 billion and much of that is still unspent.

    Google where the Stimulus dollars went and the answers to where the cash went fall into a pretty broad range.


    The Stimulus Plan: How to Spend $787 Billion - The New York Times
    Debunking Stimulus Myth: Only 3% Allotted for Road, Bridge Infrastructure Spending | Media Research Center
    Ezra Klein - Didn't the stimulus take care of our infrastructure needs?
    I am not of the mind that a man is either of science or of religion. At his best and his worst, man exists in the misty glimmering where the falling angel meets the rising ape. That he chooses a direction from that point defines him as human.

  3. #533
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by American View Post
    Actually I think they used stainless steel boxes now.


    The money is imaginary or electronic.

    They bury it in BS.
    I am not of the mind that a man is either of science or of religion. At his best and his worst, man exists in the misty glimmering where the falling angel meets the rising ape. That he chooses a direction from that point defines him as human.

  4. #534
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by code1211 View Post
    That would seem to reflect more the attitude of Conservatives as Liberals view them.
    Really? Have you heard of Ezekiel Emmanuel's 'Complete lives system'? Or Obamacare?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  5. #535
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by imagep View Post
    What would the money be used for if not for spending or paying down the deficit? Are you suggesting that it would all just be collected in burlap bags and buried?
    Social justice, ie redistribution
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  6. #536
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by j-mac View Post
    Social justice, ie redistribution
    That qualifies as "spending" then. So any money taxed away from the private sector is then returned to the private sector. The point is it isn't destroyed or removed from our economy.

    Personally I don't think that's the best way to do it, I despise means tested welfare as it only serves to lock people into poverty, but I'd love to see more money being spent to rebuild our infrastructure, and infrastructure investment is the type of spending that pays for itself (over time) because it promotes private sector expansion. If we didn't built the interstate highway system, and sea ports and airports, way back then, our private sector would not be nearly as robust or as large as it is today.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by code1211 View Post
    The money is imaginary or electronic.

    They bury it in BS.
    Electronic or not, it's not buried, it's spent back into the private sector economy.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  8. #538
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by imagep View Post
    Electronic or not, it's not buried, it's spent back into the private sector economy.
    http://www.cnbc.com/id/101354173

    <snip>
    According to Thomson Reuters data, companies around the world held almost $7 trillion of cash and equivalents on their balance sheets at the end of 2013 - more than twice the level of 10 years ago. Capital expenditure relative to sales is at a 22-year low and some strategists reckon the typical age of fixed assets and equipment has been stretched to as much as 14 years from pre-crisis norms of about 9 years.

    <snip>
    Last edited by code1211; 10-21-14 at 08:51 PM.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by code1211 View Post
    http://www.cnbc.com/id/101354173

    <snip>
    According to Thomson Reuters data, companies around the world held almost $7 trillion of cash and equivalents on their balance sheets at the end of 2013 - more than twice the level of 10 years ago. Capital expenditure relative to sales is at a 22-year low and some strategists reckon the typical age of fixed assets and equipment has been stretched to as much as 14 years from pre-crisis norms of about 9 years.

    <snip>
    You just made a darned good argument for higher corporate taxes, and totally disproved the theory that a lack of capital is the cause of our economic woes. There simply isn't enough demand to warrant companies investing in new equipment or expanding the production. If we could get part of that $7 trillion back into active circulation, then demand would increase enough to justify producers expanding.
    Last edited by imagep; 10-21-14 at 10:35 PM.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by imagep View Post
    You just made a darned good argument for higher corporate taxes, and totally disproved the theory that a lack of capital is the cause of our economic woes. There simply isn't enough demand to warrant companies investing in new equipment or expanding the production. If we could get part of that $7 trillion back into active circulation, then demand would increase enough to justify producers expanding.


    And your solution is to tax business activity at a higher rate?
    I am not of the mind that a man is either of science or of religion. At his best and his worst, man exists in the misty glimmering where the falling angel meets the rising ape. That he chooses a direction from that point defines him as human.

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