Word salad from Waco.
We should expect nothing else from a Harris supporter.
We should expect nothing else from a Harris supporter.
Recession
27,936 Views |
385 Replies |
Last: 19 hrs ago by boognish_bear
My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
where'd you cut and paste from?Waco1947 said:Harrison Bergeron said:
Real wages have declined three years in a row - down almost 40%.
Wealth inequality is skyrocketing under Harris after declining under Trump and skyrocketing under Obama.
In November 2023, nearly 6 in 10 workers (57 percent) earned higher annual inflation-adjusted wages than the year before, a share higher than its 20172019 pre-pandemic average. The median inflation-adjusted change in workers' hourly earnings was about 45 cents, which translates to a more than $900 annual increase for a worker who works full time, year-round.
Young adult workers who were between ages 25 and 34 in 2019and are now between ages 29 and 38have seen their real median wage rise 12 percent since the onset of the pandemic. The real median wage also grew among cohorts of workers who were ages 35 to 44 and 45 to 54 in 2019.
Real average wage growth for a typical worker has seen the second-fastest recovery during this recession recovery of all five recession recoveries since 1980. Notably, the current economic recovery is the only one in which robust real wage growth has occurred in tandem with a rapid recovery of the unemployment rate.
These results indicate an economy that is delivering historic, broad-based real wage gains for workers while emerging from one of the deepest recessions on record. Policymakers should look to build on this momentum through policies that raise wages and cut costs of living, such as increasing the federal minimum wage, making more workers eligible for overtime pay, and improving the affordability of child care and health care.
sure it was.. thats why inflation was so high when Trump left office..Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Never the problem? You either dont shop or you make a sht ton of money. My guys are crying all the time about the cost of stuff and my family has seen the massive increase. We spend almost 200% on basics like groceries and household goods vs 4 years ago.
Inflation rate may be going down but the price of everything isnt. We used to eat out for 35-75.00, now we spend 80-140.00
Harris supporter: " inflation is easing and it never was the disaster MAGA claims."
if that were really true, Harris would be doing better in polls on the question of who voters trust with the Economy.
And the idea that the Inflation explosion under Biden was somehow Trump's doing ... nice MSNBC effort but no one is seriously going to buy that whopper.
if that were really true, Harris would be doing better in polls on the question of who voters trust with the Economy.
And the idea that the Inflation explosion under Biden was somehow Trump's doing ... nice MSNBC effort but no one is seriously going to buy that whopper.
Honestly, I only eat out now for business meals. no way my family can afford it on our own dime.4th and Inches said:sure it was.. thats why inflation was so high when Trump left office..Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Never the problem? You either dont shop or you make a sht ton of money. My guys are crying all the time about the cost of stuff and my family has seen the massive increase. We spend almost 200% on basics like groceries and household goods vs 4 years ago.
Inflation rate may be going down but the price of everything isnt. We used to eat out for 35-75.00, now we spend 80-140.00
Politico, most likely.4th and Inches said:where'd you cut and paste from?Waco1947 said:Harrison Bergeron said:
Real wages have declined three years in a row - down almost 40%.
Wealth inequality is skyrocketing under Harris after declining under Trump and skyrocketing under Obama.
In November 2023, nearly 6 in 10 workers (57 percent) earned higher annual inflation-adjusted wages than the year before, a share higher than its 20172019 pre-pandemic average. The median inflation-adjusted change in workers' hourly earnings was about 45 cents, which translates to a more than $900 annual increase for a worker who works full time, year-round.
Young adult workers who were between ages 25 and 34 in 2019and are now between ages 29 and 38have seen their real median wage rise 12 percent since the onset of the pandemic. The real median wage also grew among cohorts of workers who were ages 35 to 44 and 45 to 54 in 2019.
Real average wage growth for a typical worker has seen the second-fastest recovery during this recession recovery of all five recession recoveries since 1980. Notably, the current economic recovery is the only one in which robust real wage growth has occurred in tandem with a rapid recovery of the unemployment rate.
These results indicate an economy that is delivering historic, broad-based real wage gains for workers while emerging from one of the deepest recessions on record. Policymakers should look to build on this momentum through policies that raise wages and cut costs of living, such as increasing the federal minimum wage, making more workers eligible for overtime pay, and improving the affordability of child care and health care.
45% of Americans will run out of money in retirement, per Yahoo Finance.
— unusual_whales (@unusual_whales) October 7, 2024
that cant be right.. best economy ever i am toldboognish_bear said:45% of Americans will run out of money in retirement, per Yahoo Finance.
— unusual_whales (@unusual_whales) October 7, 2024
https://www.cnbc.com/2024/01/24/how-much-money-americans-have-in-savings.html#:~:text=Nearly%20half%20of%20Americans%20have,adults%20conducted%20in%20November%202023.boognish_bear said:45% of Americans will run out of money in retirement, per Yahoo Finance.
— unusual_whales (@unusual_whales) October 7, 2024
Nearly half of Americans have $500 or less in their savings accounts, an amount that leaves them vulnerable to unexpected expenses, according to a GOBankingRates survey of 1,063 U.S. adults conducted in November 2023.
Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
The middle class can't afford to pay more taxes and neither can businesses. You raise taxes and you'll get bad job data and people will spend less. We spend our entire GDP every 6 months!Frank Galvin said:Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
There's a handful of GOP members that want to reduce spending and then there's everyone else. Your best bet is still GOP.
Jacques Strap said:https://www.cnbc.com/2024/01/24/how-much-money-americans-have-in-savings.html#:~:text=Nearly%20half%20of%20Americans%20have,adults%20conducted%20in%20November%202023.boognish_bear said:45% of Americans will run out of money in retirement, per Yahoo Finance.
— unusual_whales (@unusual_whales) October 7, 2024
Nearly half of Americans have $500 or less in their savings accounts, an amount that leaves them vulnerable to unexpected expenses, according to a GOBankingRates survey of 1,063 U.S. adults conducted in November 2023.
That is kind of shocking in a country with so much wealth.
What's spending are you going to cut? Military, military pensions, Social Security, Medicare, Medicaid SNAPDoc Holliday said:The middle class can't afford to pay more taxes and neither can businesses. You raise taxes and you'll get bad job data and people will spend less. We spend our entire GDP every 6 months!Frank Galvin said:Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
There's a handful of GOP members that want to reduce spending and then there's everyone else. Your best bet is still GOP.
Infrastructure? Which one are you gonna cut? And how about a burgeoning population?
Waco1947 ,la
Maybe stop subsidizing illegal flights into the US, billions of dollars unaccounted for to foreign governments known for shady accounting, and let US energy drill and develop new sources instead of buying from foreign countries.
Maybe actually build Infrastructure when you pass a bill with that name, and just maybe don't waste taxpayers' money handing pork to your own party's grifters.
But you never had a problem with any of that, as long as leftists were spending all that money.
Maybe actually build Infrastructure when you pass a bill with that name, and just maybe don't waste taxpayers' money handing pork to your own party's grifters.
But you never had a problem with any of that, as long as leftists were spending all that money.
The income inequality gap jumped during Obama and Brown after shrinking during Trump's term.boognish_bear said:Jacques Strap said:https://www.cnbc.com/2024/01/24/how-much-money-americans-have-in-savings.html#:~:text=Nearly%20half%20of%20Americans%20have,adults%20conducted%20in%20November%202023.boognish_bear said:45% of Americans will run out of money in retirement, per Yahoo Finance.
— unusual_whales (@unusual_whales) October 7, 2024
Nearly half of Americans have $500 or less in their savings accounts, an amount that leaves them vulnerable to unexpected expenses, according to a GOBankingRates survey of 1,063 U.S. adults conducted in November 2023.
That is kind of shocking in a country with so much wealth.
The Democrat Party is just a tool of the global, uber-rich to continue to monetize politics at the expense of the middle and lower classes.
well, cut all the unnecessary stuff. There is so much unnecessary spending that we cant actually spend money on what we need..Waco1947 said:What's spending are you going to cut? Military, military pensions, Social Security, Medicare, Medicaid SNAPDoc Holliday said:The middle class can't afford to pay more taxes and neither can businesses. You raise taxes and you'll get bad job data and people will spend less. We spend our entire GDP every 6 months!Frank Galvin said:Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
There's a handful of GOP members that want to reduce spending and then there's everyone else. Your best bet is still GOP.
Infrastructure? Which one are you gonna cut? And how about a burgeoning population?
1. Unnecessary Printing ($930,000,000)
We kill a lot of trees to print a bunch of documents that nobody reads anyway.
2. Vacant Building maintenance($175,000,000)
The U.S. Department of Veterans Affairs spent this money to maintain hundreds of buildings that have been vacant for years. Compound that across all the vacant buildings owned by the govt but unused. Sell the buildings and stop maintnenancing them.
We are storing unused furniture 10s of thousands of pieces of furniture. Not in the vacant buildings but in a separare warehouse we pay for..
We are paying to upgrade vacant buildings to make them more energy effecient.. really? Yes really!
The NSA built a parking garage for 3.6 million that was so poorly designed, they spent another 500k to tear it down. It never was used..
Just the IRS has almost 12 million dollars worth of unused software licenses. Wonder how much across all the govt?
136 million to sponsor a NASCAR car for a year.. only got 20 qualified recruits from it according to audit.
100 million spent on the office of personell management to digitize but not automate the system. Still takes the same time to process a claim as it did in 1977.
It goes on and on and on.. those dollars could be put to good use instead of hundreds of millions in nonsense.
Some would say a drop in the bucket but there are alot of drops and they can be reallocated to places that make sense.
I added up $2 billions in cuts. What else?4th and Inches said:well, cut all the unnecessary stuff. There is so much unnecessary spending that we cant actually spend money on what we need..Waco1947 said:What's spending are you going to cut? Military, military pensions, Social Security, Medicare, Medicaid SNAPDoc Holliday said:The middle class can't afford to pay more taxes and neither can businesses. You raise taxes and you'll get bad job data and people will spend less. We spend our entire GDP every 6 months!Frank Galvin said:Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
There's a handful of GOP members that want to reduce spending and then there's everyone else. Your best bet is still GOP.
Infrastructure? Which one are you gonna cut? And how about a burgeoning population?
1. Unnecessary Printing ($930,000,000)
We kill a lot of trees to print a bunch of documents that nobody reads anyway.
2. Vacant Building maintenance($175,000,000)
The U.S. Department of Veterans Affairs spent this money to maintain hundreds of buildings that have been vacant for years. Compound that across all the vacant buildings owned by the govt but unused. Sell the buildings and stop maintnenancing them.
We are storing unused furniture 10s of thousands of pieces of furniture. Not in the vacant buildings but in a separare warehouse we pay for..
We are paying to upgrade vacant buildings to make them more energy effecient.. really? Yes really!
The NSA built a parking garage for 3.6 million that was so poorly designed, they spent another 500k to tear it down. It never was used..
Just the IRS has almost 12 million dollars worth of unused software licenses. Wonder how much across all the govt?
136 million to sponsor a NASCAR car for a year.. only got 20 qualified recruits from it according to audit.
100 million spent on the office of personell management to digitize but not automate the system. Still takes the same time to process a claim as it did in 1977.
It goes on and on and on.. those dollars could be put to good use instead of hundreds of millions in nonsense.
Some would say a drop in the bucket but there are alot of drops and they can be reallocated to places that make sense.
Waco1947 ,la
you are an unserious person.. i am not going to spend hours finding and describing all the ridiculus stuff I govt spent money on so they can ask for more instead of being fiscally responsible. You think that is all of it? Tip of the iceberg and you know it. Save medicare? StopWaco1947 said:I added up $2 billions in cuts. What else?4th and Inches said:well, cut all the unnecessary stuff. There is so much unnecessary spending that we cant actually spend money on what we need..Waco1947 said:What's spending are you going to cut? Military, military pensions, Social Security, Medicare, Medicaid SNAPDoc Holliday said:The middle class can't afford to pay more taxes and neither can businesses. You raise taxes and you'll get bad job data and people will spend less. We spend our entire GDP every 6 months!Frank Galvin said:Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
There's a handful of GOP members that want to reduce spending and then there's everyone else. Your best bet is still GOP.
Infrastructure? Which one are you gonna cut? And how about a burgeoning population?
1. Unnecessary Printing ($930,000,000)
We kill a lot of trees to print a bunch of documents that nobody reads anyway.
2. Vacant Building maintenance($175,000,000)
The U.S. Department of Veterans Affairs spent this money to maintain hundreds of buildings that have been vacant for years. Compound that across all the vacant buildings owned by the govt but unused. Sell the buildings and stop maintnenancing them.
We are storing unused furniture 10s of thousands of pieces of furniture. Not in the vacant buildings but in a separare warehouse we pay for..
We are paying to upgrade vacant buildings to make them more energy effecient.. really? Yes really!
The NSA built a parking garage for 3.6 million that was so poorly designed, they spent another 500k to tear it down. It never was used..
Just the IRS has almost 12 million dollars worth of unused software licenses. Wonder how much across all the govt?
136 million to sponsor a NASCAR car for a year.. only got 20 qualified recruits from it according to audit.
100 million spent on the office of personell management to digitize but not automate the system. Still takes the same time to process a claim as it did in 1977.
It goes on and on and on.. those dollars could be put to good use instead of hundreds of millions in nonsense.
Some would say a drop in the bucket but there are alot of drops and they can be reallocated to places that make sense.
Doing dumb stuff. Get social security increase? Stop doing dumb stuff with our money. Sad part is the people who vote the most are the people effected by those things. If they wont listen to yall, we are screwed.
Look its your claim not mine. Back up YOUR claim.4th and Inches said:you are an unserious person.. i am not going to spend hours finding and describing all the ridiculus stuff I govt spent money on so they can ask for more instead of being fiscally responsible. You think that is all of it? Tip of the iceberg and you know it. Save medicare? StopWaco1947 said:I added up $2 billions in cuts. What else?4th and Inches said:well, cut all the unnecessary stuff. There is so much unnecessary spending that we cant actually spend money on what we need..Waco1947 said:What's spending are you going to cut? Military, military pensions, Social Security, Medicare, Medicaid SNAPDoc Holliday said:The middle class can't afford to pay more taxes and neither can businesses. You raise taxes and you'll get bad job data and people will spend less. We spend our entire GDP every 6 months!Frank Galvin said:Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
There's a handful of GOP members that want to reduce spending and then there's everyone else. Your best bet is still GOP.
Infrastructure? Which one are you gonna cut? And how about a burgeoning population?
1. Unnecessary Printing ($930,000,000)
We kill a lot of trees to print a bunch of documents that nobody reads anyway.
2. Vacant Building maintenance($175,000,000)
The U.S. Department of Veterans Affairs spent this money to maintain hundreds of buildings that have been vacant for years. Compound that across all the vacant buildings owned by the govt but unused. Sell the buildings and stop maintnenancing them.
We are storing unused furniture 10s of thousands of pieces of furniture. Not in the vacant buildings but in a separare warehouse we pay for..
We are paying to upgrade vacant buildings to make them more energy effecient.. really? Yes really!
The NSA built a parking garage for 3.6 million that was so poorly designed, they spent another 500k to tear it down. It never was used..
Just the IRS has almost 12 million dollars worth of unused software licenses. Wonder how much across all the govt?
136 million to sponsor a NASCAR car for a year.. only got 20 qualified recruits from it according to audit.
100 million spent on the office of personell management to digitize but not automate the system. Still takes the same time to process a claim as it did in 1977.
It goes on and on and on.. those dollars could be put to good use instead of hundreds of millions in nonsense.
Some would say a drop in the bucket but there are alot of drops and they can be reallocated to places that make sense.
Doing dumb stuff. Get social security increase? Stop doing dumb stuff with our money. Sad part is the people who vote the most are the people effected by those things. If they wont listen to yall, we are screwed.
Waco1947 ,la
Waco1947 said:Look its your claim not mine. Back up YOUR claim.4th and Inches said:you are an unserious person.. i am not going to spend hours finding and describing all the ridiculus stuff I govt spent money on so they can ask for more instead of being fiscally responsible. You think that is all of it? Tip of the iceberg and you know it. Save medicare? StopWaco1947 said:I added up $2 billions in cuts. What else?4th and Inches said:well, cut all the unnecessary stuff. There is so much unnecessary spending that we cant actually spend money on what we need..Waco1947 said:What's spending are you going to cut? Military, military pensions, Social Security, Medicare, Medicaid SNAPDoc Holliday said:The middle class can't afford to pay more taxes and neither can businesses. You raise taxes and you'll get bad job data and people will spend less. We spend our entire GDP every 6 months!Frank Galvin said:Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
There's a handful of GOP members that want to reduce spending and then there's everyone else. Your best bet is still GOP.
Infrastructure? Which one are you gonna cut? And how about a burgeoning population?
1. Unnecessary Printing ($930,000,000)
We kill a lot of trees to print a bunch of documents that nobody reads anyway.
2. Vacant Building maintenance($175,000,000)
The U.S. Department of Veterans Affairs spent this money to maintain hundreds of buildings that have been vacant for years. Compound that across all the vacant buildings owned by the govt but unused. Sell the buildings and stop maintnenancing them.
We are storing unused furniture 10s of thousands of pieces of furniture. Not in the vacant buildings but in a separare warehouse we pay for..
We are paying to upgrade vacant buildings to make them more energy effecient.. really? Yes really!
The NSA built a parking garage for 3.6 million that was so poorly designed, they spent another 500k to tear it down. It never was used..
Just the IRS has almost 12 million dollars worth of unused software licenses. Wonder how much across all the govt?
136 million to sponsor a NASCAR car for a year.. only got 20 qualified recruits from it according to audit.
100 million spent on the office of personell management to digitize but not automate the system. Still takes the same time to process a claim as it did in 1977.
It goes on and on and on.. those dollars could be put to good use instead of hundreds of millions in nonsense.
Some would say a drop in the bucket but there are alot of drops and they can be reallocated to places that make sense.
Doing dumb stuff. Get social security increase? Stop doing dumb stuff with our money. Sad part is the people who vote the most are the people effected by those things. If they wont listen to yall, we are screwed.
Just stop pretending you are in serious discussion, Waco. You asked for examples and many have offered them.
Even you should be able to admit that government spending has gone from 'obscene' to worse than that in the last decade, but you keep pretending it's fine.
You are a meme that posts on forums. No one has any reason to take you seriously, because you don't even agree to obvious facts.
https://sicem365.com/forums/19/topics/122957/replies/3893196Waco1947 said:Look its your claim not mine. Back up YOUR claim.4th and Inches said:you are an unserious person.. i am not going to spend hours finding and describing all the ridiculus stuff I govt spent money on so they can ask for more instead of being fiscally responsible. You think that is all of it? Tip of the iceberg and you know it. Save medicare? StopWaco1947 said:I added up $2 billions in cuts. What else?4th and Inches said:well, cut all the unnecessary stuff. There is so much unnecessary spending that we cant actually spend money on what we need..Waco1947 said:What's spending are you going to cut? Military, military pensions, Social Security, Medicare, Medicaid SNAPDoc Holliday said:The middle class can't afford to pay more taxes and neither can businesses. You raise taxes and you'll get bad job data and people will spend less. We spend our entire GDP every 6 months!Frank Galvin said:Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
There's a handful of GOP members that want to reduce spending and then there's everyone else. Your best bet is still GOP.
Infrastructure? Which one are you gonna cut? And how about a burgeoning population?
1. Unnecessary Printing ($930,000,000)
We kill a lot of trees to print a bunch of documents that nobody reads anyway.
2. Vacant Building maintenance($175,000,000)
The U.S. Department of Veterans Affairs spent this money to maintain hundreds of buildings that have been vacant for years. Compound that across all the vacant buildings owned by the govt but unused. Sell the buildings and stop maintnenancing them.
We are storing unused furniture 10s of thousands of pieces of furniture. Not in the vacant buildings but in a separare warehouse we pay for..
We are paying to upgrade vacant buildings to make them more energy effecient.. really? Yes really!
The NSA built a parking garage for 3.6 million that was so poorly designed, they spent another 500k to tear it down. It never was used..
Just the IRS has almost 12 million dollars worth of unused software licenses. Wonder how much across all the govt?
136 million to sponsor a NASCAR car for a year.. only got 20 qualified recruits from it according to audit.
100 million spent on the office of personell management to digitize but not automate the system. Still takes the same time to process a claim as it did in 1977.
It goes on and on and on.. those dollars could be put to good use instead of hundreds of millions in nonsense.
Some would say a drop in the bucket but there are alot of drops and they can be reallocated to places that make sense.
Doing dumb stuff. Get social security increase? Stop doing dumb stuff with our money. Sad part is the people who vote the most are the people effected by those things. If they wont listen to yall, we are screwed.
42 Billion for nobody getting internet
7 billion for a dozen charging stations..
The govt is wasteful and you know it
Admit it, our govt doesnt need more money from taxpayers, they need to be fiscally responsible with our money. They work for us!
If Trump does win & Musk actually does a genuine complete audit, it will reveal more fraud & waste than anyone ever imagined. It's been going on at least 60 years, probably well over 100.
By the same token, if they release Epstein's client list, there probably will be lots of billionaires, media personalities, celebrities, and politicians on both sides of the aisle. We will probably be very shocked with some of the names.
If there are legitimate investigations of all the scandals of the past 10-20 years, the results will also be shocking and likely result in dozens of prosecutions.
The crazy thing is that we all know Washington is thoroughly corrupt at all levels and in every way possible. But we will still be shocked if and when the truth comes out.
If. If. If….
By the same token, if they release Epstein's client list, there probably will be lots of billionaires, media personalities, celebrities, and politicians on both sides of the aisle. We will probably be very shocked with some of the names.
If there are legitimate investigations of all the scandals of the past 10-20 years, the results will also be shocking and likely result in dozens of prosecutions.
The crazy thing is that we all know Washington is thoroughly corrupt at all levels and in every way possible. But we will still be shocked if and when the truth comes out.
If. If. If….
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36
4th and Inches said:https://sicem365.com/forums/19/topics/122957/replies/3893196Waco1947 said:Look its your claim not mine. Back up YOUR claim.4th and Inches said:you are an unserious person.. i am not going to spend hours finding and describing all the ridiculus stuff I govt spent money on so they can ask for more instead of being fiscally responsible. You think that is all of it? Tip of the iceberg and you know it. Save medicare? StopWaco1947 said:I added up $2 billions in cuts. What else?4th and Inches said:well, cut all the unnecessary stuff. There is so much unnecessary spending that we cant actually spend money on what we need..Waco1947 said:What's spending are you going to cut? Military, military pensions, Social Security, Medicare, Medicaid SNAPDoc Holliday said:The middle class can't afford to pay more taxes and neither can businesses. You raise taxes and you'll get bad job data and people will spend less. We spend our entire GDP every 6 months!Frank Galvin said:Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
There's a handful of GOP members that want to reduce spending and then there's everyone else. Your best bet is still GOP.
Infrastructure? Which one are you gonna cut? And how about a burgeoning population?
1. Unnecessary Printing ($930,000,000)
We kill a lot of trees to print a bunch of documents that nobody reads anyway.
2. Vacant Building maintenance($175,000,000)
The U.S. Department of Veterans Affairs spent this money to maintain hundreds of buildings that have been vacant for years. Compound that across all the vacant buildings owned by the govt but unused. Sell the buildings and stop maintnenancing them.
We are storing unused furniture 10s of thousands of pieces of furniture. Not in the vacant buildings but in a separare warehouse we pay for..
We are paying to upgrade vacant buildings to make them more energy effecient.. really? Yes really!
The NSA built a parking garage for 3.6 million that was so poorly designed, they spent another 500k to tear it down. It never was used..
Just the IRS has almost 12 million dollars worth of unused software licenses. Wonder how much across all the govt?
136 million to sponsor a NASCAR car for a year.. only got 20 qualified recruits from it according to audit.
100 million spent on the office of personell management to digitize but not automate the system. Still takes the same time to process a claim as it did in 1977.
It goes on and on and on.. those dollars could be put to good use instead of hundreds of millions in nonsense.
Some would say a drop in the bucket but there are alot of drops and they can be reallocated to places that make sense.
Doing dumb stuff. Get social security increase? Stop doing dumb stuff with our money. Sad part is the people who vote the most are the people effected by those things. If they wont listen to yall, we are screwed.
This money has not been spent yet and it was a bipartisan Act.
7 billion for a dozen charging stations.. https://www.factcheck.org/2024/08/trump-misleads-on-the-cost-of-electric-vehicle-chargers/
The govt is wasteful and you know it
Admit it, our govt doesn't need more money from taxpayers, they need to be fiscally responsible with our money. They work for us!
Waco1947 ,la
Bipartisan WASTEFUL spending!Waco1947 said:4th and Inches said:https://sicem365.com/forums/19/topics/122957/replies/3893196Waco1947 said:Look its your claim not mine. Back up YOUR claim.4th and Inches said:you are an unserious person.. i am not going to spend hours finding and describing all the ridiculus stuff I govt spent money on so they can ask for more instead of being fiscally responsible. You think that is all of it? Tip of the iceberg and you know it. Save medicare? StopWaco1947 said:I added up $2 billions in cuts. What else?4th and Inches said:well, cut all the unnecessary stuff. There is so much unnecessary spending that we cant actually spend money on what we need..Waco1947 said:What's spending are you going to cut? Military, military pensions, Social Security, Medicare, Medicaid SNAPDoc Holliday said:The middle class can't afford to pay more taxes and neither can businesses. You raise taxes and you'll get bad job data and people will spend less. We spend our entire GDP every 6 months!Frank Galvin said:Republicans controlled spending under Biden.Doc Holliday said:Democrats controlled spending under Trump...Frank Galvin said:My data is the linked article. You are citing anecdotal data.4th and Inches said:ok..Frank Galvin said:https://www.poynter.org/reporting-editing/2024/wage-growth-vs-inflation-biden-presidency/4th and Inches said:the economy is so good i got to pay 3.89 for a monster yesterday for one of my workers, they used to 2.49 when Trump was in office at the same store.Frank Galvin said:Doc Holliday said:Lol, we're already in phase 2 of a global recession.Frank Galvin said:The S & P that you were so worried about is up over 20% YTD. Unemployment is falling. Labor force participation rate has gone from 61.3% at Biden's inaugatation to 62.7% for the end of August. wage growth continues. Inflation contiues to cool.Doc Holliday said:BREAKING 🩸
— Radar🚨 (@RadarHits) August 2, 2024
$2.9 TRILLION wiped out from stocks this morning due to fears of a global recession.
THE WORST DAY SINCE 2020 COVID CRASH pic.twitter.com/PIRTYxZpBeBREAKING: The Sahm rule that is designed to signal the start of a recession has officially been triggered.
— unusual_whales (@unusual_whales) August 2, 2024
It reached 0.5%, as in, the three-month moving average of the unemployment rate is now 0.5% above the low in the last 12 months.BREAKING: The 10-Year Note Yield crashes over 15 basis points after a much weaker than expected July jobs report.
— The Kobeissi Letter (@KobeissiLetter) August 2, 2024
The 10-year note yield yield is now down 55 BASIS POINTS in ONE WEEK.
For the first time since March 2020, bond markets are pricing-in a potential recession. pic.twitter.com/eW9YwEq4oQ
But the world is on fire, right?
All global markets went from "the economy is soft and resilient and we have a safe landing" to "holy sh.it, how fast do we need to cut rates?!"
The latest jolts estimate has shown hiring has crashed the second time in three months.
The feds are behind. The real data shows we're facing layoffs and no hiring.
There three major bubbles: housing, equity and credit. Ya'll aren't ready for what's coming.
You cry wolf constantly. You may be right once every 15 years or so. Like a broken clock occasionally displays the right time.
79-89cent fountain drinks are 1.29 now.
I can name dozens of examples of daily life expenses are now 125-140% of what they were 4 years ago but do go on about how good everything is because your wages went up 3-5%
Average wages have outpaced inflation over the last two years and overall versus prepandemic levels. The first two years of Biden's presidency inflation was ahead of wage growth. That is the actual economic data.
Want real data? I have renters who arent paying rent.. that didnt happen during covid, that didnt happen in 2008, that didnt happen in 2000 crash.
I have renters who have asked for extra time and pay partials. The renters are the same, the cost of living isnt. My average renter stays 8 years. We have some that have rented from us for over 20. One of those renters paid with coins as part of last months rent. We havent raised rent on many renters since Covid to help keep our high quality renters who are good people who take care of the houses.
That is actual economic data.
My pay suffers because i care more about thos families than my own pocket.
Of course there are wide variations from the average. But federal officials make decisions based on a macro level.
Inflataion has been a problem over the past four years. But inflation is easing and it never was the disaster MAGA claims. Morevoer a huge driver of the inflation was monetary and fiscal policy under Trump.
Are you under the assumption that if Democrats control all levers of the government that they will be frugal?!
Are you under the assumption that if Republicans control all levers of the government that they will be frugal?!
Both parties spend. The difference is that Democrats attempt to tax while the GOP relies on the fiction that lower tax rates create higher tax revenues.
There's a handful of GOP members that want to reduce spending and then there's everyone else. Your best bet is still GOP.
Infrastructure? Which one are you gonna cut? And how about a burgeoning population?
1. Unnecessary Printing ($930,000,000)
We kill a lot of trees to print a bunch of documents that nobody reads anyway.
2. Vacant Building maintenance($175,000,000)
The U.S. Department of Veterans Affairs spent this money to maintain hundreds of buildings that have been vacant for years. Compound that across all the vacant buildings owned by the govt but unused. Sell the buildings and stop maintnenancing them.
We are storing unused furniture 10s of thousands of pieces of furniture. Not in the vacant buildings but in a separare warehouse we pay for..
We are paying to upgrade vacant buildings to make them more energy effecient.. really? Yes really!
The NSA built a parking garage for 3.6 million that was so poorly designed, they spent another 500k to tear it down. It never was used..
Just the IRS has almost 12 million dollars worth of unused software licenses. Wonder how much across all the govt?
136 million to sponsor a NASCAR car for a year.. only got 20 qualified recruits from it according to audit.
100 million spent on the office of personell management to digitize but not automate the system. Still takes the same time to process a claim as it did in 1977.
It goes on and on and on.. those dollars could be put to good use instead of hundreds of millions in nonsense.
Some would say a drop in the bucket but there are alot of drops and they can be reallocated to places that make sense.
Doing dumb stuff. Get social security increase? Stop doing dumb stuff with our money. Sad part is the people who vote the most are the people effected by those things. If they wont listen to yall, we are screwed.
This money has not been spent yet and it was a bipartisan Act.
7 billion for a dozen charging stations.. https://www.factcheck.org/2024/08/trump-misleads-on-the-cost-of-electric-vehicle-chargers/
The govt is wasteful and you know it
Admit it, our govt doesn't need more money from taxpayers, they need to be fiscally responsible with our money. They work for us!
No question both sides are guilty of wasteful spending. But ask yourself these questions:
Which party comes up with more crazy ways to waste taxpayer money?
Which party is always trying to raise your taxes one way or another?
Which party always wants the rich to pay their "fair share" of taxes although the rich pay more in taxes than any other group by far?
Which party will always find new ways to spend any additional money the government might receive from a windfall (examples: the "peace dividend" after the Cold War ended or surpluses at the beginning of the century)?
Which party won't even talk about measures to reform Social Security to make it sound or any measures towards fiscal responsibility?
Which party does more to promote inflation through wasteful spending, foolish monetary policies, etc while always blaming someone else? Inflation is a hidden tax.
Which party is least likely to do anything to correct these issues or make the economy better?
Honest answers will be the same party and they are doing these things today. I cannot remember any time in my life that any Dem has even proposed ideas of fiscal responsibility of any kind. The only ideas they can come up with is tax mire & spend more. In other words, more of the s as me stupidity that made the US the brokest nation in history. $35.7 trillion and counting:
https://www.usdebtclock.org/
At this rate, it will likely be $36 trillion before the first of the year. This is totally insane and irresponsible.
Which party comes up with more crazy ways to waste taxpayer money?
Which party is always trying to raise your taxes one way or another?
Which party always wants the rich to pay their "fair share" of taxes although the rich pay more in taxes than any other group by far?
Which party will always find new ways to spend any additional money the government might receive from a windfall (examples: the "peace dividend" after the Cold War ended or surpluses at the beginning of the century)?
Which party won't even talk about measures to reform Social Security to make it sound or any measures towards fiscal responsibility?
Which party does more to promote inflation through wasteful spending, foolish monetary policies, etc while always blaming someone else? Inflation is a hidden tax.
Which party is least likely to do anything to correct these issues or make the economy better?
Honest answers will be the same party and they are doing these things today. I cannot remember any time in my life that any Dem has even proposed ideas of fiscal responsibility of any kind. The only ideas they can come up with is tax mire & spend more. In other words, more of the s as me stupidity that made the US the brokest nation in history. $35.7 trillion and counting:
https://www.usdebtclock.org/
At this rate, it will likely be $36 trillion before the first of the year. This is totally insane and irresponsible.
“Incline my heart to your testimonies, and not to selfish gain!”
Psalm 119:36
Psalm 119:36
BREAKING: The German Economy is now likely in a Recession with no more growth seen this year, per Bloomberg
— unusual_whales (@unusual_whales) October 14, 2024
To retire at the top 10% of net worth, one must have $1.9 million, according to Federal Reserve Board survey data.
— unusual_whales (@unusual_whales) October 18, 2024
For those aged 65-74, that figure jumps to about $2.63 million; for retirees 75 and older, it climbs even higher to $2.86 million.
At the rate its going, I'm gonna need $8M to retire in 32 years.boognish_bear said:To retire at the top 10% of net worth, one must have $1.9 million, according to Federal Reserve Board survey data.
— unusual_whales (@unusual_whales) October 18, 2024
For those aged 65-74, that figure jumps to about $2.63 million; for retirees 75 and older, it climbs even higher to $2.86 million.
My 401k will probably get me there, but its gonna be tough.
I'm currently looking for investors or partners for a PLC programming/automation startup if anyone is interested.
I will never understand how people smart enough to get high paying jobs like this can not manage their money better. They could live a very comfortable lifestyle with just a few adjustments.
My friend told me he and his wife live paycheck to paycheck.
— Damon Chen (@damengchen) October 19, 2024
I don't believe it because they both are high earners in tech, and he even works for Google. But after doing a little bit of math, I found out he didn't lie.
• Mortgage: $17,000/month for a $3M home
• Property Tax:…
More common that you think.boognish_bear said:
I will never understand how people smart enough to get high paying jobs like this can not manage their money better. They could live a very comfortable lifestyle with just a few adjustments.My friend told me he and his wife live paycheck to paycheck.
— Damon Chen (@damengchen) October 19, 2024
I don't believe it because they both are high earners in tech, and he even works for Google. But after doing a little bit of math, I found out he didn't lie.
• Mortgage: $17,000/month for a $3M home
• Property Tax:…
Have built several homes for folks who lost them within 3 years.
Most often either due to booze, drugs or divorce.
boognish_bear said:
I will never understand how people smart enough to get high paying jobs like this can not manage their money better. They could live a very comfortable lifestyle with just a few adjustments.My friend told me he and his wife live paycheck to paycheck.
— Damon Chen (@damengchen) October 19, 2024
I don't believe it because they both are high earners in tech, and he even works for Google. But after doing a little bit of math, I found out he didn't lie.
• Mortgage: $17,000/month for a $3M home
• Property Tax:…
Those costs are crazy to me but I dont know where they live..
I can see how it happens. It is emotion. I can manage a 27 million dollar project with 40k (.001%) left. But, have to tell my wife we can't go on vacation or that we can't afford private school, much tougher. I would much rather get into knockdown drag outs with contractors and developers than have disappoint my family. So, managing that 1 billion dollar work program over 30 years is much easier...boognish_bear said:
I will never understand how people smart enough to get high paying jobs like this can not manage their money better. They could live a very comfortable lifestyle with just a few adjustments.My friend told me he and his wife live paycheck to paycheck.
— Damon Chen (@damengchen) October 19, 2024
I don't believe it because they both are high earners in tech, and he even works for Google. But after doing a little bit of math, I found out he didn't lie.
• Mortgage: $17,000/month for a $3M home
• Property Tax:…
Wonder how many jobs that will equate to
Amazon's, $AMZN, new warehouses will employ 10x as many robots, per TC.
— unusual_whales (@unusual_whales) October 21, 2024