you need some schooling on basic economics.TinFoilHatPreacherBear said:
Inflation is how the wealthy keeps paying a $40,000/yr worker near that same $40,000 forever, just the illusion of increases via pay raises in inflated dollars.
Over the the last 4 years, the average Joe's salaries are just not keeping up. Will be a long long while before their salaries can catch up to the recent inflation.
US national debt reaches $35 trillion
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Last: 3 days ago by boognish_bear
J.R. said:you need some schooling on basic economics.TinFoilHatPreacherBear said:
Inflation is how the wealthy keeps paying a $40,000/yr worker near that same $40,000 forever, just the illusion of increases via pay raises in inflated dollars.
Over the the last 4 years, the average Joe's salaries are just not keeping up. Will be a long long while before their salaries can catch up to the recent inflation.
Considering I've had a considerable amount of schoolimg exactly in macro, micro, international economics, which part does your rather limited intellect not understand?
I work in finance for small businesses and I can concur that it's certainly true what you say about certain industries. They are doing very small raises for their workers but nothing to keep up with inflation. Meanwhile they've taken PPP, EIDL loans and ERTC credits and lined their pockets, along with raising their prices to keep up with inflation.TinFoilHatPreacherBear said:J.R. said:you need some schooling on basic economics.TinFoilHatPreacherBear said:
Inflation is how the wealthy keeps paying a $40,000/yr worker near that same $40,000 forever, just the illusion of increases via pay raises in inflated dollars.
Over the the last 4 years, the average Joe's salaries are just not keeping up. Will be a long long while before their salaries can catch up to the recent inflation.
Considering I've had a considerable amount of schoolimg exactly in macro, micro, international economics, which part does your rather limited intellect not understand?
The owners have done very well while the workers are hurting.
I had a small Amazon side business where I made about $35k in revenue per year. I could have gotten a PPP loan of $40k that would have been 100% forgiven if I wanted. I decided against it, just didn't seem right.
Too bad more businessmen, and especially politicians, don't have that level of integrity.
Ok....let's pay down that principal by $10 billion...
BREAKING:
— Visegrád 24 (@visegrad24) August 13, 2024
Poland just signed the contract to buy 96 AH-64E Apache attack helicopters from the U.S. for USD 10 billion.
No other European country will come close to Poland’s attack helicopter arsenal.
🇵🇱🇺🇸 pic.twitter.com/fKKQxF3uc5
This is absolutely insane:
— The Kobeissi Letter (@KobeissiLetter) August 19, 2024
US government spending is expected to hit 24.2% of GDP in 2024, significantly above the previous 39-year average of 21.1%, according to the CBO.
At the same time, revenues are projected to reach 17.6% of GDP, just 0.4 percentage points above the… pic.twitter.com/Csgf0MqlxG
We don't have an income problem, we have a spending problem.boognish_bear said:This is absolutely insane:
— The Kobeissi Letter (@KobeissiLetter) August 19, 2024
US government spending is expected to hit 24.2% of GDP in 2024, significantly above the previous 39-year average of 21.1%, according to the CBO.
At the same time, revenues are projected to reach 17.6% of GDP, just 0.4 percentage points above the… pic.twitter.com/Csgf0MqlxG
No worries, Biden and Harris will take care of it.BearFan33 said:We don't have an income problem, we have a spending problem.boognish_bear said:This is absolutely insane:
— The Kobeissi Letter (@KobeissiLetter) August 19, 2024
US government spending is expected to hit 24.2% of GDP in 2024, significantly above the previous 39-year average of 21.1%, according to the CBO.
At the same time, revenues are projected to reach 17.6% of GDP, just 0.4 percentage points above the… pic.twitter.com/Csgf0MqlxG
The way banana republics take care of economic crises…
your schoolimg obviously didn't take. I'd venture to say my academic background and career history says I kinda know what im doing.TinFoilHatPreacherBear said:J.R. said:you need some schooling on basic economics.TinFoilHatPreacherBear said:
Inflation is how the wealthy keeps paying a $40,000/yr worker near that same $40,000 forever, just the illusion of increases via pay raises in inflated dollars.
Over the the last 4 years, the average Joe's salaries are just not keeping up. Will be a long long while before their salaries can catch up to the recent inflation.
Considering I've had a considerable amount of schoolimg exactly in macro, micro, international economics, which part does your rather limited intellect not understand?
JR always quick to say he's an expert and everyone else an idiot without ever giving much facts.
He's consistent at lying though.
He's consistent at lying though.
No, I only opine when I have a level of competence . I do not comment when I have no idea relative to the subject matter. (which is a lot)hodedofome said:
JR always quick to say he's an expert and everyone else an idiot without ever giving much facts.
He's consistent at lying though.
J.R. said:your schoolimg obviously didn't take. I'd venture to say my academic background and career history says I kinda know what im doing.TinFoilHatPreacherBear said:J.R. said:you need some schooling on basic economics.TinFoilHatPreacherBear said:
Inflation is how the wealthy keeps paying a $40,000/yr worker near that same $40,000 forever, just the illusion of increases via pay raises in inflated dollars.
Over the the last 4 years, the average Joe's salaries are just not keeping up. Will be a long long while before their salaries can catch up to the recent inflation.
Considering I've had a considerable amount of schoolimg exactly in macro, micro, international economics, which part does your rather limited intellect not understand?
Your arguments rarely indicate that you know much of anything. Based on your arguments, you rank just above the perinneal last place W47 and just below Mitch. Needless to say, that's not a very good spot to hold. Please do better with your education, whatever you claim that is.
https://usadebtclock.com/
The numbers are moving faster than the scoreboard with a Briles offense.
But if you want to really need a change of underwear, take a look at the unfunded liabilities. 4x the national debt.
Default is coming. If you think medicare is going to be around for you like it was for the boomers, think again.
The numbers are moving faster than the scoreboard with a Briles offense.
But if you want to really need a change of underwear, take a look at the unfunded liabilities. 4x the national debt.
Default is coming. If you think medicare is going to be around for you like it was for the boomers, think again.
One of Trump's "fiscal conservative plans" has proven absolutely to be a disaster like many of his thoughts on the economy.boognish_bear said:
It's hard to even conceive of that much money. The national debt now seems like this fictitious imaginary almost comical number.JUST IN: 🇺🇸 US national debt reaches an all-time high of $35 trillion. pic.twitter.com/27lJn6Z070
— Watcher.Guru (@WatcherGuru) July 29, 2024
His administration gave us the 20 year bond that is piling on to our interest debt.
Since the Treasury (Mnuchin) re-introduced the 20 year bond in monthly auctions 4 years ago, their sale has tacked on $2 billion a year in interest expense on top of what the government would have otherwise paid.
That's an additional $40 billion over the life so now Mnuchin has called to end the aution of 20 year bonds.
Astros in Home Stretch Geaux Texans
you are nothing but an effing moron. You consistently show your ass and your dearth of understand . You are a RWNJ and a whack job. go back to your menial tasks.TinFoilHatPreacherBear said:J.R. said:your schoolimg obviously didn't take. I'd venture to say my academic background and career history says I kinda know what im doing.TinFoilHatPreacherBear said:J.R. said:you need some schooling on basic economics.TinFoilHatPreacherBear said:
Inflation is how the wealthy keeps paying a $40,000/yr worker near that same $40,000 forever, just the illusion of increases via pay raises in inflated dollars.
Over the the last 4 years, the average Joe's salaries are just not keeping up. Will be a long long while before their salaries can catch up to the recent inflation.
Considering I've had a considerable amount of schoolimg exactly in macro, micro, international economics, which part does your rather limited intellect not understand?
Your arguments rarely indicate that you know much of anything. Based on your arguments, you rank just above the perinneal last place W47 and just below Mitch. Needless to say, that's not a very good spot to hold. Please do better with your education, whatever you claim that is.
There are no real fiscal conservatives left. They can't get or stay elected. You cannot compete with "free everything for everyone!"
"We are going to have to tax more and spend less" is a losing platform and everyone has figured that out.
"We are going to have to tax more and spend less" is a losing platform and everyone has figured that out.
J.R. said:you are nothing but an effing moron. You consistently show your ass and your dearth of understand . You are a RWNJ and a whack job. go back to your menial tasks.TinFoilHatPreacherBear said:J.R. said:your schoolimg obviously didn't take. I'd venture to say my academic background and career history says I kinda know what im doing.TinFoilHatPreacherBear said:J.R. said:you need some schooling on basic economics.TinFoilHatPreacherBear said:
Inflation is how the wealthy keeps paying a $40,000/yr worker near that same $40,000 forever, just the illusion of increases via pay raises in inflated dollars.
Over the the last 4 years, the average Joe's salaries are just not keeping up. Will be a long long while before their salaries can catch up to the recent inflation.
Considering I've had a considerable amount of schoolimg exactly in macro, micro, international economics, which part does your rather limited intellect not understand?
Your arguments rarely indicate that you know much of anything. Based on your arguments, you rank just above the perinneal last place W47 and just below Mitch. Needless to say, that's not a very good spot to hold. Please do better with your education, whatever you claim that is.
I think it bothers you knowing that no one here thinks you're as smart as you do. Your posts are just bad and illogical. You are schooled regularly by everyone here. Being wrong is your super power.
If it wasn't for your ability to form a complete sentence, I'd assume you were a W47 sock.
How to solve the debt problem:
— Dr. Parik Patel, BA, CFA, ACCA Esq. (@ParikPatelCFA) August 21, 2024
- Give the entire U.S treasury balance to Nancy Pelosi to trade
- Insider trade
- Profit
historian
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How long do you want to ignore this user?
I caught most of the debate tonight… But not 100% of it.
I did not see any questions to the candidates about the national debt. Did that happen?
I did not see any questions to the candidates about the national debt. Did that happen?
Nothing to see here...
JUST IN: 🇺🇸 US national debt reaches an all-time high of $36,000,000,000,000 pic.twitter.com/DCfr8t7lSY
— Watcher.Guru (@WatcherGuru) November 20, 2024
Johnny Bear said:
More and more it seems like we talk about $trillions like not all that long ago we talked about $billions. And yes, the average person can't wrap their head around how much money $1 trillion dollars is, let alone 35 times that number.
That said if you want to watch it go to $70 trillion in the next 4 years then vote for Kamala and give her dim majorities in both the House and Senate.
Trump outspent Obama. Are you saying he won't outspend Biden?
boognish_bear said:
Nothing to see here...JUST IN: 🇺🇸 US national debt reaches an all-time high of $36,000,000,000,000 pic.twitter.com/DCfr8t7lSY
— Watcher.Guru (@WatcherGuru) November 20, 2024
Goes up another trillion every 100 days.
It's simply not sustainable.
KaiBear said:boognish_bear said:
Nothing to see here...JUST IN: 🇺🇸 US national debt reaches an all-time high of $36,000,000,000,000 pic.twitter.com/DCfr8t7lSY
— Watcher.Guru (@WatcherGuru) November 20, 2024
Goes up another trillion every 100 days.
It's simply not sustainable.
I hope the Trump administration seriously takes it on…
Its impossible.boognish_bear said:KaiBear said:boognish_bear said:
Nothing to see here...JUST IN: 🇺🇸 US national debt reaches an all-time high of $36,000,000,000,000 pic.twitter.com/DCfr8t7lSY
— Watcher.Guru (@WatcherGuru) November 20, 2024
Goes up another trillion every 100 days.
It's simply not sustainable.
I hope the Trump administration seriously takes it on…
Too many campaign promises have been made.
Besides every politician knows that to do what's needed to the balance the budget would result in their party getting voted out of office.
We have met the enemy....and he is us.
Pogo
Even if Musk is right and can get the cuts done AND there are no replacements for the cut Agencies/Services, taxes are not going down anytime soon.KaiBear said:Its impossible.boognish_bear said:KaiBear said:boognish_bear said:
Nothing to see here...JUST IN: 🇺🇸 US national debt reaches an all-time high of $36,000,000,000,000 pic.twitter.com/DCfr8t7lSY
— Watcher.Guru (@WatcherGuru) November 20, 2024
Goes up another trillion every 100 days.
It's simply not sustainable.
I hope the Trump administration seriously takes it on…
Too many campaign promises have been made.
Besides every politician knows that to do what's needed to the balance the budget would result in their party beening voted out of office.
We have met the enemy....and he is us.
Pogo
It is getting insurmountable.
Trump has repeatedly promised tax cuts.......he has to deliver.FLBear5630 said:Even if Musk is right and can get the cuts done AND there are no replacements for the cut Agencies/Services, taxes are not going down anytime soon.KaiBear said:Its impossible.boognish_bear said:KaiBear said:boognish_bear said:
Nothing to see here...JUST IN: 🇺🇸 US national debt reaches an all-time high of $36,000,000,000,000 pic.twitter.com/DCfr8t7lSY
— Watcher.Guru (@WatcherGuru) November 20, 2024
Goes up another trillion every 100 days.
It's simply not sustainable.
I hope the Trump administration seriously takes it on…
Too many campaign promises have been made.
Besides every politician knows that to do what's needed to the balance the budget would result in their party beening voted out of office.
We have met the enemy....and he is us.
Pogo
It is getting insurmountable.
KaiBear said:Trump has repeatedly promised tax cuts.......he has to deliver.FLBear5630 said:Even if Musk is right and can get the cuts done AND there are no replacements for the cut Agencies/Services, taxes are not going down anytime soon.KaiBear said:Its impossible.boognish_bear said:KaiBear said:boognish_bear said:
Nothing to see here...JUST IN: 🇺🇸 US national debt reaches an all-time high of $36,000,000,000,000 pic.twitter.com/DCfr8t7lSY
— Watcher.Guru (@WatcherGuru) November 20, 2024
Goes up another trillion every 100 days.
It's simply not sustainable.
I hope the Trump administration seriously takes it on…
Too many campaign promises have been made.
Besides every politician knows that to do what's needed to the balance the budget would result in their party beening voted out of office.
We have met the enemy....and he is us.
Pogo
It is getting insurmountable.
Tax cuts for both personal and business of, plus pay down debt, plus build the wall, and reorganize the Govt by paying off thousands?
Gonna be interesting times. Tariffs, right?
Tariffs work or Biden would not have kept Trumps
BREAKING: Trump says the new deal is "SUCCESS in Washington… VITAL to tbe America First Agenda." pic.twitter.com/nP5Ohz0gvK
— unusual_whales (@unusual_whales) December 19, 2024
KaiBear said:
Tariffs work or Biden would not have kept Trumps
No no no. See you don't get it. Tariffs are now inflationary.
Orange tariffs inflationary. Ruhtarded tariffs good.
Congressman Chip Roy is one of the most principled conservatives in Washington DC and people across this country are grateful for his stand against runaway federal spending. We just can’t keep piling trillions in debt on our children and grandchildren. Thank You @RepChipRoy!🇺🇸
— Mike Pence (@Mike_Pence) December 19, 2024
Fre3dombear said:KaiBear said:
Tariffs work or Biden would not have kept Trumps
No no no. See you don't get it. Tariffs are now inflationary.
Orange tariffs inflationary. Ruhtarded tariffs good.
Please explain how tariffs are not inflationary