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Employers add no net jobs in Aug.; rate unchanged

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1Perry said:
Of course. He was no longer a threat though. It was a revenge killing. As I stated, something I can't do.
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Umm, you can legally kill someone if they are a mortal threat to you; the same way the state can legally execute a murderer as they are a threat to society.
 
Conservative said:
A surplus needs to fund the SS IOU's so we don't have to print or borrow more money. If that is the case you are going to see massive inflation hurting SS recipients as the value of their checks will be much less.
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Inflation is entirely and everywhere a monetary phenomenon. Since the government does not create dollars, what on earth are you talking about?
 
Goldenboy219 said:
Interesting coming from someone who does not understand the macro economy, finance, monetary policy, statistical (econometric) analysis is saying someone will not admit they are wrong?

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Yep, Goldenboy(appropriate alias based upon your posts) I have been a total and complete failure, you have me figured out. Your intelligence is second only to your arrogance.
 
Goldenboy219 said:
Inflation is entirely and everywhere a monetary phenomenon. Since the government does not create dollars, what on earth are you talking about?
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I would have thought that someone as brilliant as you would understand how borrowing and printing money affects inflation. Maybe I gave you too much credit talking about how intelligent you are.
 
Also, if the budget is balanced, and debt is eliminated, what does the SS trust fund invest their surplus in? I'll give you a hint, what do the Chinese do with their surplus?
 
Conservative said:
Still cannot admit that you are wrong, I gave you the official SS site and that isn't good enough for you. I gave you the budget of the United States line item income and expenses and that is not good enough for you. You simply don't understand what you are even posting and you certainly don't understand that SS is not in a trust fund and hasn't been since the 60's. Your Wikipedia doesn't say what you claim it says and you totally ignore SS's own site that says that SS is on budget. This is a waste of time as you are too brainwashed to deal with.
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Talking to you is a total waste of time because you have an agenda that is focused on sending SS deductions to Wall Street, good luck with it,hey why don't you make a sign " SS is a Ponzi Scheme" and go see how it works for you on a street corner in middle america
 
Conservative said:
I would have thought that someone as brilliant as you would understand how borrowing and printing money affects inflation. Maybe I gave you too much credit talking about how intelligent you are.
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The M1 money multiplier is below 1, and the interest paid on the national debt is at record lows. Barring exogenous supply shocks which effect inflationary expectations, we will not have ANY real output growth until we see some steady inflation in the tune of 2%-4%.
 
Goldenboy219 said:
Also, if the budget is balanced, and debt is eliminated, what does the SS trust fund invest their surplus in? I'll give you a hint, what do the Chinese do with their surplus?
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There is no balanced budget, massive debt thus nothing to worry about at this point however should it happen this would be a great country to invest in. Hell, maybe our credit rating might even get back to AAA but what do I know. You are the brilliant one here.
 
Goldenboy219 said:
The M1 money multiplier is below 1, and the interest paid on the national debt is at record lows. Barring exogenous supply shocks which effect inflationary expectations, we will not have ANY real output growth until we see some steady inflation in the tune of 2%-4%.
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You must live one boring life with your nose stuck in a book all day long. I don't see a lot of street smarts, logic, or common sense in anything you post but I do see a lot of stats. Maybe you should get out and put some faces on those stats you throw around.
 
Conservative said:
There is no balanced budget, massive debt thus nothing to worry about at this point however should it happen this would be a great country to invest in. Hell, maybe our credit rating might even get back to AAA but what do I know. You are the brilliant one here.
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I never said there was (it was hypothetical), so could you please behave like a normal person engaging in a conversation and actually address a single question i pose to you.
 
Goldenboy219 said:
I never said there was (it was hypothetical), so could you please behave like a normal person engaging in a conversation and actually address a single question i pose to you.
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Are you new here?
 
EarlzP said:
Talking to you is a total waste of time because you have an agenda that is focused on sending SS deductions to Wall Street, good luck with it,hey why don't you make a sign " SS is a Ponzi Scheme" and go see how it works for you on a street corner in middle america
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I actually believe that the majority in this country are a lot smarter than you and understand the reality of SS. Keep living in that liberal dream world of yours where your SS dollars are sitting in a lockbox just waiting for you.
 
Conservative said:
You must live one boring life with your nose stuck in a book all day long.
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This is how my fellow colleagues and i communicate on a daily basis when we discuss such topics. Sorry if you lack the vocabulary and knowledge base to keep up :shrug:.

I don't see a lot of street smarts, logic, or common sense in anything you post but I do see a lot of stats. Maybe you should get out and put some faces on those stats you throw around.
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Barring my current injury, i am @ LaSalle and Van Buren in the heart of Chicago from monday to friday. I fail to understand how any of that is relevant to the discussion.
 
Conservative said:
I actually believe that the majority in this country are a lot smarter than you and understand the reality of SS. Keep living in that liberal dream world of yours where your SS dollars are sitting in a lockbox just waiting for you.
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I think the majority of the country is a lot smarter then you give them credit for and even those who may not be will be pretty unhappy with you and your wall street conservative buddies if you put your fingers in the SS money that they spent years working for.
 
EarlzP said:
I think the majority of the country is a lot smarter then you give them credit for and even those who may not be will be pretty unhappy with you and your wall street conservative buddies if you put your fingers in the SS money that they spent years working for.
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Trust me, Con does not have any wall street buddies. If he did, he would be far more informed than he is.
 
Goldenboy219 said:
This is how my fellow colleagues and i communicate on a daily basis when we discuss such topics. Sorry if you lack the vocabulary and knowledge base to keep up :shrug:.



Barring my current injury, i am @ LaSalle and Van Buren in the heart of Chicago from monday to friday. I fail to understand how any of that is relevant to the discussion.
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Yeah, so am I, I just don't have the intellect to keep up with you and have been a total failure. Thanks for pointing that out.

Now it is time to call it a night. great game on the tube, need a beer, and going to have to turn the heat on tonight in the trailer.
 
EarlzP said:
I think the majority of the country is a lot smarter then you give them credit for and even those who may not be will be pretty unhappy with you and your wall street conservative buddies if you put your fingers in the SS money that they spent years working for.
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Not exactly sure what you are talking about nor do you. The govt. has already taken your money and spent it. You are going to get someone else's money. Wall Street nor I have anything to do with it. I have spent 19 years in Houston, TX quite a distance from Wall Street. Better worry about what those intellectual elites like Goldenboy are going to do with your money,not me. Only a true conservative doesn't give a damn how much you make and would be happy with you getting a bigger piece of the pie. I wish you well but you are dilusional and brainwashed caused by putting too much faith in what liberal politicians tell you.
 
Conservative said:
Yeah, so am I, I just don't have the intellect to keep up with you and have been a total failure. Thanks for pointing that out.

Now it is time to call it a night. great game on the tube, need a beer, and going to have to turn the heat on tonight in the trailer.
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Have a beer for me, as i cannot have a drink until Sunday. Tomorrow i think i will begin discussing the credit conditions (and deleveraging) of the consumer. :) Be ready!
 
Conservative said:
There is no balanced budget, massive debt thus nothing to worry about at this point however should it happen this would be a great country to invest in. Hell, maybe our credit rating might even get back to AAA but what do I know. You are the brilliant one here.
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Would it interest you that the very company that downgraded us, is currently rating sub-prime mortgaged backed securities as AAA?

AllGov - News - S&P Gives Higher Rating to Sub-Prime Mortgages than to U.S. Bonds
 
Conservative said:
I stand by my statement, it is what it is, your money going to someone else and someone else paying your SS check. That isn't insurance, that is the characteristics of a ponzi scheme.
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Do you disagree with this?:2razz:


<snip>

More recently, Mitchell Zuckoff, a Boston University journalism professor who has written a book on Ponzi, noted critical dissimilarities between Social Security and a Ponzi scheme, which by definition is both fraudulent and unsustainable.

"First, in the case of Social Security, no one is being misled," Zuckoff's January 2009 article in Fortune magazine says. "...Social Security is exactly what it claims to be: A mandatory transfer payment system under which current workers are taxed on their incomes to pay benefits, with no promises of huge returns."

Second, he writes, "A Ponzi scheme is unsustainable because the number of potential investors is eventually exhausted. That's when the last people to participate are out of luck; the music stops and there's nowhere to sit. It's true that Social Security faces a huge burden — and a significant, long-term financing problem — in light of retiring Baby Boomers...But Social Security can be, and has been, tweaked and modified to reflect changes in the size of the taxpaying workforce and the number of beneficiaries. It would take great political will, but the government could change benefit formulas or take other steps, like increasing taxes, to keep the system from failing."

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http://www.politifact.com/texas/sta...rick-perry-says-social-security-ponzi-scheme/
 
Goldenboy219 said:
I never said there was (it was hypothetical), so could you please behave like a normal person engaging in a conversation and actually address a single question i pose to you.
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I understand the notion, I'm still waiting to hear why Paul Krugman is uneducated and said there was 16 trillion in bailout loans by the FED. A senator, economist, a GAO report, and you couldn't address the question I posed. Instead I got the "normal" response of I'm smart and you don't understand. So could you please behave like a normal person engaging in a conversation and actually address a single question i pose to you.

A simple "I was wrong Mike" is sufficient.
 
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Conservative said:
Spending cuts mean less tax revenue going to fund the govt. and thus more money to the debt service and funding the IOU's. The govt. cannot create private sector prosperity and it is the private sector that is going to get us out of this mess. We need 25 million unemployed Americans back at work paying taxes and that isn't going to happen with govt. spending.
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The European Powerhouse called Germany suggests otherwise. Furthermore, your argument that government cannot create private sector prosperity basically ignores the entire defense industry not to mention the entire nuclear industry.

Who wants to bet that Conservative is going to pretend this post doesn't exist?
 
Conservative said:
There isn't enough revenue to fund the 3.7 trillion dollar govt and the IOU's in SS/Medicare which is why we need massive govt. spending cuts and a growing economy that will grow revenue.
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How does dramatically reducing aggregate demand actually grow an economy?

At least Boehner is honest in admitting cuts will increase unemployment. You have this crazy idea that killing demand will increase economic activity. And when challenged on this, you are completely unable to support your belief.

Tell me, is Greece expanding leaps and bounds from its dramatic cuts?

You must live one boring life with your nose stuck in a book all day long. I don't see a lot of street smarts, logic, or common sense in anything you post but I do see a lot of stats. Maybe you should get out and put some faces on those stats you throw around.
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You know, saying that kind of crap to someone who is discussing economics that you should have learned long ago is not a sign you can play in the big leagues. Complete failure to understand the notion of money multipliers and how interest plays a role in consumer behavior suggests you have no understand how how consumers make choices. Goldenboy is right, until we get inflation, we won't see money put to use. If you had any knowledge in this field, you'd know that times of low to no inflation, to the devil of deflation causes mass consumer cutbacks. Now, I shouldn't have to explain this, but that is bad for a consumer driven economy.

We get that you do not understand the terms used. What is appalling to us is that you simply don't care enough to learn.
 
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Goldenboy219 said:
I never said there was (it was hypothetical), so could you please behave like a normal person engaging in a conversation and actually address a single question i pose to you.
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I have to say this. Goldenboy, you'd lost your rocker by asking him that.
 
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