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Thread: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

  1. #441
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    You don't know me, and yet in a thread about GDP you made multiple remarks regarding your superiority.



    Just because i understand the terminology and employ actual analysis of varies data releases in no way renders my position inferior. That you embrace anti-intellectualism only serves as fault in your credibility.



    Your opposition is entirely partisan. I get it, you don't do economics. That surely not a valid reason to ridicule those that do!
    Everybody does economics, Kush, whether they want to or not and whether they understand it or not. There is real economics and there is textbook economics. Real economics affect real people and are generated by human behavior. Textbook economics measure results only and never measure human behavior nor put results into context with human behavior. GDP has four major components with the largest being consumer spending and that is totally ignored by the leftwing but the reality today is we do have more people dependent on that Federal Govt. than ever before and that is a prescription for disaster. The solution certainly isn't to make it bigger.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    Textbook economics measure results only and never measure human behavior nor put results into context with human behavior. GDP has four major components with the largest being consumer spending and that is totally ignored by the leftwing but the reality today is we do have more people dependent on that Federal Govt. than ever before and that is a prescription for disaster. The solution certainly isn't to make it bigger.
    Categorizing on the basis of textbook vs real is red herring. You are attempting to shift the discussion from the topic to a venue for ideological mud-slinging. Not interested in such futile engagements.

    You don't do economics. You bitch, moan, and rant. Calling it "real economics" doesn't change anything.
    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. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    Categorizing on the basis of textbook vs real is red herring. You are attempting to shift the discussion from the topic to a venue for ideological mud-slinging. Not interested in such futile engagements.

    You don't do economics. You bitch, moan, and rant. Calling it "real economics" doesn't change anything.
    No, what I am doing is humanizing is, something I fear you do not understand. Have you ever run a business? Ever had to hire or fire people? Any idea what it is like to interview someone to represent you that shows up looking the way many of the kids today look? How much should those people be paid? Long hair, holes in the jeans, earrings, an I don't give a damn attitude? Ever invest your own money in a business and have those kind of people representing you

    Do you ever think of the consequences for your actions when it comes to earning a paycheck? Does the entitlement mentality really benefit the employer and the individual?

    You focus on numbers and not the people behind the numbers. You claim that unemployment is dropping whereas the official rate is indeed dropping but that is due to a large growth in part time workers. You claim expenses should be adjusted for inflation for comparison purposes but ignore that revenue grows as well but will never keep up with the liberal spending appetite.

    You are right, I don't DO economics, I live them every day

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    No, what I am doing is humanizing is, something I fear you do not understand. Have you ever run a business? Ever had to hire or fire people? Any idea what it is like to interview someone to represent you that shows up looking the way many of the kids today look? How much should those people be paid? Long hair, holes in the jeans, earrings, an I don't give a damn attitude? Ever invest your own money in a business and have those kind of people representing you
    This has nothing to do with the discussion. It's not about me or my experiences nor is it about you or yours.

    Do you ever think of the consequences for your actions when it comes to earning a paycheck? Does the entitlement mentality really benefit the employer and the individual?
    WTF does this have to do with the discussion?

    You focus on numbers and not the people behind the numbers. You claim that unemployment is dropping whereas the official rate is indeed dropping but that is due to a large growth in part time workers.
    More nonsense. A major driver of the low unemployment rate is people dropping out of the labor force. Roughly half of which is attributed to an aging population. There was a thread in which the discussion was centered around this fact. Of course, ideological hacks turn into deniers of empirical analysis when the results don't confirm their bias.

    You claim expenses should be adjusted for inflation for comparison purposes but ignore that revenue grows as well but will never keep up with the liberal spending appetite.
    This comment doesn't even make any sense. What does real dollar terms have to do with your perception of political expenditures?

    You are right, I don't DO economics, I live them every day
    You pretend to be an expert, yet have a very limited understanding of the topic. And i'm being kind. The proof is in your post history; full of half-truths, partisan hackery, and confusion.
    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. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    But why?

    Unit labor costs are increasing!
    Oh.

    Good to know that unit labor costs are a direct measure of lower and lower middle class wages.

    What, they're not?

    So then what's your point again?

    Normative rant and nothing else.
    Okay.

    So the creation of two part-time jobs that pay minimum wage, neither of which provide benefits, is the same thing as the creation of an equal number of good jobs.

    You know that's what you're arguing, right?

    Even if we concede this point, we should expect welfare claims to increase as the country ages and the population grows.
    We should expect 20% of American households to be receiving SNAP?

    Maybe if we've been smoking crack that's what we'd expect.

    Another normative rant!
    Riiiiiiight.

    Agreed.

    There's something wrong with home ownership being normal.

    So the inability of Americans to afford homes, while completely abnormal, isn't really a concern.



    This is nonsense.

    Remember dude, we're talking about lower and lower middle class people here.

    Not the economy overall.

    Look at the things that people who are living paycheck to paycheck buy, paycheck to paycheck.

    The price of a Firebird Trans Am is down but the price of a loaf of bread and a gallon of milk is, relatively speaking, through the roof.

    Maybe you should study up on basic microeconomic trade theory before spouting off at the mouth. It would save quite a bit of time for everyone you engage, along with yourself!
    Like I said, the microeconomics, specifically, of a working man trying to feed his family.

    Not microeconomic trade theory.

    Not "I've got a BS in economics and now work in data entry".

    But how our economy is actually effecting the three lowest quartiles of the American people.

    Bottom line is that those people are sucking ass.









    Maybe you should study up on basic microeconomic trade theory before spouting off at the mouth. It would save quite a bit of time for everyone you engage, along with yourself!
    “Now it is not good for the Christian’s health to hustle the Aryan brown,
    For the Christian riles, and the Aryan smiles and he weareth the Christian down;
    And the end of the fight is a tombstone white with the name of the late deceased,
    And the epitaph drear: “A Fool lies here who tried to hustle the East.”

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by soot View Post
    You know that's what you're arguing, right?
    Nonsense!

    Market based economies will always tend to let the poor slip through the cracks. This is becoming more and more apparent as capital's representation of output continues to outpace that of labor. Blind ranting is not a valid substitute for economic analysis. Hiding behind the poor is a cowardly way to debate.
    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. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    Hiding behind the poor is a cowardly way to debate.
    LOL

    passing the joint, the 420 shack, grow cannabis.jpg

    Have a nice day dude.
    “Now it is not good for the Christian’s health to hustle the Aryan brown,
    For the Christian riles, and the Aryan smiles and he weareth the Christian down;
    And the end of the fight is a tombstone white with the name of the late deceased,
    And the epitaph drear: “A Fool lies here who tried to hustle the East.”

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by soot View Post
    Have a nice day dude.
    Perhaps in our next exchange, you can attempt to make a valid point. You will eventually learn that emotionally driven responses get the best of you.
    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. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    ...GDP has four major components with the largest being consumer spending and that is totally ignored by the leftwing...
    Hilarious...since most of the "left" who know a little about macro argue from the Keynes POV....which is all about demand.....and you are a suppy-sider!
    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. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    Excuses?
    Yes. Excuses. Partisans will be partisan.
    Quote Originally Posted by Ockham View Post
    I love correlation vs. causation fallacy's from apologists.
    So then you never blamed Obama for a bad or struggling economy? You never criticize for deficit spending or any of his economic policies?

    Correlation vs. causation, right? Or is it only causation when it's bad and simply correlation when it's good? C'mon, show that partisanship!

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