Total posts: 7,597
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@prefix
A better question is "who is the thief"
No, because there is no thief or fence.
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When I entered government service,
Lol, so you worked for the government. You are going to get a government pension that is better than social security by just paying into SS and you’re bitching.
And you don’t have a private pension, you have a government pension. Nice try weaseling out of that fact.
Unbelievable
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My use of Medicare is very minimal
Really? Define minimal. Once a month? Once a year?
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if milk is both cheaper and more nutritious,
So you have abandoned your assertion that soda costs more than milk? How did you get that wrong?
And your argument that SNAP beneficiaries splurge on soda was also incorrect?
why do SNAP buyers purchase more soda than do non SNAP buyers?
Why would I believe you have this stat correct? What is your source?
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@prefix
FYI. Cut and paste my quote.
Then select quotes from the line menu above. That’s how you highlight the other guy’s post.
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@prefix
Actually it is a zero sum game. If all federal spending that is included in the GDP calculation were to disappear, the other inputs would quickly rise to total 100% of GDP.
Oh really? Says who? And how would we fund the military?
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@prefix
Even a thief makes money from a fence.
Who’s the fence in that scenario?
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You have a private pension? Please explain. You had a job for 40 years that required you to pay into Social Security but your benefits will come from a private company?
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He’s a big Trump supporter too. Republicans are deplorable
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@prefix
Debate me.
I’m guessing you would die early and hungry without Social Security and Medicare. Right?
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Did the government earn interest on loans it made to corporations like AIG after the financial crash of 2008?
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Many economists believe that consumer spending has a much greater impact on GDP.
Yes, consumer spending is 70% of GDP in this country. That’s why raising the minimum wage is good for GDP. The poor will spend the increase.
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When Biden took office in January 2021, the unemployment rate was 6.3 percent. Now it’s 3.4 percent, tied for the lowest figure since 1969. Even more impressive is the 4.7 percent rate for Black Americans: Not only is this the lowest rate in recorded history, but it also represents the smallest-ever gap between Black and White workers (whose unemployment rate stands at 3.1)
Now they couldn’t give a shit
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@prefix
House Republicans embarked on a campaign to leverage the debt ceiling to advance their political agenda, not “improve the economy”
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@Savant
Market prices exist even in distorted markets.
If the (CEO)markets are distorted then the market prices are distorted and are not a true representation of value.
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Fanny got distorted when he failed to land the job confirmed
As usual, incoherent. What’s my dog doing here? You are my dog SubTeach!
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STOP SPENDING taxpayers money ON FUCKING PORK PROJECTS AND BULLSHIT
Like your disability benefits? You’re not really disabled, just stupid and useless.
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@Savant
The board is elected by shareholders; often the CEO does not own a majority of shares. In economics, a market is simply an arena in which trade takes place. The CEO trades their labor or the services of their company for pay.
Do markets get distorted? Is the CEO market distorted? Is a distorted market a true market or is it more like a monopoly?
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@prefix
Bad analogy....the government "EARNS" nothing.
That’s not true.
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@prefix
The plan will: Limit federal spending to 2022 levels, Claw back COVID money, Reduce the IRS, Block student loan relief, Put the USA on a course for energy self reliance"
Limit federal spending - this will certainly decrease GDP growth. Government spending is a component of GDP.
Clawback Covid money - that will do nothing to improve the economy
Reduce the IRS. - that will not help the economy
Block student loan relief. - that will certainly hurt the economy
Put the country on a course for energy self reliance - we are already energy self reliant. What we really need is modern clean energy. Not fossil fuels.
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@Savant
It's the price that the board of the company pays to the CEO.
That is not a market. It’s a good ole boy club. You raise my pay and I’ll raise your pay.
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Subby makes $100 a day. About $17/hour. That’s generous
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@Savant
I'm noticing a suspicious lack of experts.
More bullshit. Economist have never said that rain, too much or too little, doesn’t drive inflation.
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@Savant
A significant majority of responding economists oppose raising the federal minimum wage to $15 per hour...a majority (58%) of economists believe raising the federal minimum wage to $15 will contribute to inflation following the pandemic."
That is a meaningless statement designed by think tanks on the payroll of Big Business to manipulate idiots like you into opposing increasing the minimum wage.
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Imagine suggesting the government mandates CEO pay as an artificial wage devoid of market value.
There is no market for CEO pay SubTeach. It’s a good ole boy club. They get millions even when they drive their company into bankruptcy, dummy
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John F. Kennedy, 1961-63
Bullshit. Kennedy reduced the top tax bracket from 90% to 70% as the debt from WWII was paid off.
Then Reagan cut the top bracket from 70 to 28%. And that was the beginning of the end of the American Middle Class
and all that revenue from the rich is what fueled the post-war boom.
Yes, the government took that tax revenue and invested in their people with the GI Bill and VA home loans. What a concept. Now we saddle our young people with college debt after their grandparents got a free ride.
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@prefix
Economics 101 .....If you need to borrow more money, you need to reduce your expenses first.
In my house I just earn more money
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@Savant
Again, irrelevant to whether an increase in the minimum wage increases inflation.
Not irrelevant if CEO pay drives inflation. Basically everything can affect inflation. What’s important is what are the true drivers of inflation? That’s what we should be focused on and the minimum wage is NOT one of them.
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@Savant
A rather bold claim to make when the experts are against you.
It’s bullshit because the minimum wage is one of the smallest drivers of inflation. We just had a serious bout of inflation and the federal minimum wage was NOT a factor. The experts do not disagree with that. The amount of rain we get drives inflation too.
You are making meaningless statements- “the minimum wage drives inflation”
So I’ll make one too - rainfall drives inflation
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@prefix
Do you have a newer study? Also milk costs about 2 cents per ounce. Soda is twice that.
1 gallon of milk equals 128 fluid ounces and costs an average of 4.31 in 2022 or 3.4 cents an ounce.
U.S. simple average prices are: $4.31 per gallon for conventional whole milk, $4.25 per gallon for conventional reduced fat 2% milk, $4.79 per half gallon organic whole milk, and $4.79 per half gallon organic reduced fat 2% milk.Apr 26, 2023
https://www.ams.usda.gov › ...PDF
Retail Milk Prices Report - Agricultural Marketing Service - USDA
How much do you think soda costs? Price of a liter of soda?
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That’s incorrect. The debt incurred during the Trump era was very high. But in terms of raw dollars, the total debt rose more under former President Barack Obama, with Trump in second place — though Obama held office for two terms, while Trump served one." ( per AP News )
That’s a lie. The debt went from 11 trillion to 19 trillion in 8 years under Obama during the worst economic crisis since the Great Depression
The debt went from 19 trillion to 27 trillion in 4 years under Trump and it began before Covid hit with a trillion dollar deficit that grew to 3 trillion dollar deficits.
thanks to his tax cuts for the wealthy
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The Republican plan does much to improve the nation's economic health. "
That’s not true. The Republican plan is designed to defund Biden’s initiatives and hopefully create a recession to improve Republicans chances in 2024.
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@prefix
You are casting this as an 'us vs them" issue. The debt limit is a symptom of out of control government spending
Wrong. It’s the result of decades of cutting taxes for wealthy individuals and corporations
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@Savant
Perhaps, but that's still irrelevant to what I said, which is that the majority of economists oppose Biden's plan.
Why do they oppose Biden’s plan? Do you know?
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@Savant
A number of different factors drive inflation, including an increase in the minimum wage.
Bullshit. Do high CEO salaries drive inflation? What are economists saying about that? What are your concerns about that?
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@Savant
All of that is largely irrelevant to what I said, which is that the majority of economists oppose Biden's plan.
Because it doesn’t fix our broken education system which is tuition is too high.
And only 90% of the people it helps really need help. They are against Biden’s plan to forgive debt because students shouldn’t have needed loans in the first place and 10% of graduates can actually afford to pay off their debt. Thus the plan isn’t perfect.
Gee, that’s brilliantl.
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@Savant
And I’ll repeat that both those things are already happening. So obviously they are independent of the federal minimum wage.
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@Savant
“There are some economists who support the plan and some who say it's better than nothing. But economists generally do not like student loan debt relief unless it is highly targeted to benefit the people who really need it.“
What percentage of the people getting student debt relief from the Biden plan “really need it”? Do they say? Is it 80%? 90%?
How many young people with a college degree under 30 yo are doing well in this country? Do they own a home? Do they make the median income? Are they overwhelmed with student loan debt?
Why was college free or nearly free in this country from the 1850s to the 1980s but now we can’t afford it?
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@Savant
That does not negate the likelihood…
That’s laughable. It’s already happening but if you raise the minimum wage then it will really happen. Lol
The expert consensus is that both of those things would happen as a result of an increased minimum wage.
That’s not true, and no where in your citation does it say that.
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@Savant
Biden's student loan forgiveness—most economists oppose
you are mischaracterizing your link.
Economists did not say they oppose student loan forgiveness.
“Higher education in the U.S. is a broken system that's been allowed to pretty much run wild”
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@Savant
these American economists are affiliated with Germany. Why?
In February 2022, a survey was sent to American economists currently affiliated with the Institute of Labor Economics(IZA.) Responses from 160 of these economists shed light on their views on what current research says about raising minimum wages and how it will affect the economy.
IZA researchers at our headquarters in Bonn and Berlin conduct pioneering research in labor economics. In-depth empirical research constitutes the foundation of our independent advice provided to policymakers, business, and society…
- Inflation: A majority (58%) of economists believe raising the federal minimum wage to $15 will contribute to inflation following the pandemic.
- Automation: Eighty-six percent believe a $15 minimum wage will cause increased automation to replace workers’ tasks.
- Both these things are already happening without a $15 federal minimum wage!
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Marsha Blackburn was a beauty contest winner, wasn’t she?
So you might define a woman as someone who poses in a bathing suit to show off her figure, especially her breasts and buttocks.
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Could it be that milk costs a lot more than soda?
According to the USDA...."According to a 2016 report from the U.S. Department of Agriculture,
A 7 year old report? Did you find it in your set of encyclopedias?
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@cristo71
keep people addicted to government assistance so that they keep the party giving it in power
Ya, like those airline bailouts. The government gave them 50 billion. The airlines are addicted to bailouts. And the pilots benefit from the government largesse.
Bunch of socialists those airline pilots.
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@Savant
You lie. Where do you get your information?
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Further your hatred of a particular political party seems to outweigh your reasoning. The debt ceiling was already raised in 2021. The government hit that limit on January 19, 2023. (3) The only body with authority to initiate legislation to raise the limit is the House (4)
Ya genius, that’s how it works. You pass a budget in 2020 to help with the economic recession caused by Covid-19 then you pay for it later when the bills come due and you have borrow more money to make the payments. Trump did the easy part when he signed the CARES Act of 2020 into law. He had an 8 trillion dollar deficit over his 4 years.
The hypocrisy is the Republicans had no problem raising the debt ceiling 3 times, in 2017, 2018, and 2019 to keep the economy going while Trump was President but now they are balking at raising the debt ceiling to borrow money to pay for the things they bought for Covid relief while Trump was President. Don’t forget, Congress suspended the debt ceiling for 2 years in order to respond to Covid in 2020 while adding nearly 7 trillion to the National debt! Are you stupid?
The Democrats created a one-time filibuster loophole that allowed Senate Democrats to raise the cap with a simple majority vote in 2021.
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The "Biden rule" as it became known asserted that between mid term elections and Presidential elections, when the Senate was of a party different from the President, the nominee would not be affirmed. So Merrick Garland 's nomination was tabled in 2016 per the rule and Amy Coney Barrett was confirmed on October 26, 2020 per the rule.
That’s nonsense. There was no Biden Rule. And there was no distinction for by McConnell about the Senate being a different party than the President. You lie.
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@Kaitlyn
We've spent a couple dozen posts each arguing about whether transgenderism is a mental illness.
If your mind is defective enough to declare you are a female white supremacist, anything else you may think is going to be tainted by that fact.
You’re a dummy.
Being a white supremacist is an indication of mental illness.
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Biden is most definitely a bonafide racist.
He’s not, but no doubt you would consider that a positive trait.
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Republicans are the people who said Obama shouldn’t place a Supreme Court Justice in an election year, then they placed one 2 weeks before an election.
These scumbags have zero integrity and are not to be taken at face value. There is no doubt in my mind this sudden urgency to cut spending will disappear as soon as there is a Republican in the White House.
The answer is simple. If the debt ceiling is not raised (or repealed) then no Federal money should be sent to any red state. No social security checks. No Highway money, no Medicare, no farm subsidies. Cuts have to be made somewhere, red states are somewhere.
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