Deficit shrinks by $1 trillion in the Obama era

MDDad
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby MDDad » Sat Apr 30, 2016 8:30 am

Omar Bongo wrote:Compared to your personal infatuation with the Lady Rodham, your criticism of Obama's job performance does seem pretty tame.
What can I say? Phony old women with horse teeth, cankles, short tempers, their own email servers, and a complete lack of character and integrity have always mesmerized me.



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Parrotpaul
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Parrotpaul » Sat Apr 30, 2016 8:42 am

What can I say? Phony old women with horse teeth, cankles, short tempers, their own email servers, and a complete lack of character and integrity have always mesmerized me.

Hot women must put you into a blubbering, drooling, incapable of rational thought state. :mrgreen:
"I think I may say that of all the men we meet with, nine parts of ten are what they are, good or evil, useful or not, by their education." John Locke

Playthegame
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Playthegame » Thu Aug 04, 2016 5:57 pm

Sequester had a huge impact on the deficit which to remind all is just the amount we over spend every year, which was in effect a suicide bluff that failed.

However to laud this economy or the effect of liberal fiscal policy is a bit farcical.

Real wages lower then when The current administration started, last two Q GDP .6 and 1.6, by now should be humming at 4% plus and the Front page headline 20 Trillion in discretionary debt and oh about 90 to 100 Trillion in unfunded liability, SS, Medicare, Medicaid...

Sorry Folks...the economy is bad and the standard of living is worse unless you are the 1%. Talk about Irony, the current administration and HRC will tell you they are for the little guy fighting to make their lives better, fairer, more opportunity.

But hey health care costs have tripled!

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Wabash
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Wabash » Thu Aug 04, 2016 6:15 pm

That's capitalism. How do you propose wage stagnation be addressed?

Should corporations be forced to pay higher wages?
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

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Re: Deficit shrinks by $1 trillion in the Obama era

Postby MDDad » Thu Aug 04, 2016 6:18 pm

It's all just numbers. When John Doe loses his job as a software engineer and picks up two part-time jobs at McDonald's and Burger King, that's a net of one job created. And that's a good thing on the Jobs Created graph...unless you're John or his family.

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Wabash
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Wabash » Thu Aug 04, 2016 6:39 pm

Job growth has increased across all sectors.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

Playthegame
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Playthegame » Fri Aug 05, 2016 11:58 am

Math Wabash - Millions of immigrants coming into the country each year, means a whole lot of toilet paper and cheese get consumed, so more trucks and milk is needed to move and make staples.

But that is not enough to create more jobs than workers. When supply exceeds demand, price(wages) goes down.

Net net, more stuff is used but way more workers than jobs = wage stagnation.

You are confusing open border flooding of immigrants with Capitalism.

Interesting note in the 255,000 jobs created this month, 38,000 were government while manufacturing lost 30,000

But hey health care costs have tripled!

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John Q. Public
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby John Q. Public » Fri Aug 05, 2016 12:27 pm

And you're confusing immigration with a number of other factors that have (also) pushed hours and salaries down - probably by more. I haven't seen any honest numbers on it, but immigration, legal or otherwise, could actually be a net positive. I doubt that outsourcing, consolidation, "right-sizing" or "Uberization" are.
Don't look at me, I just work here.

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Wabash
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Wabash » Fri Aug 05, 2016 12:33 pm

So PTG, how do you propose business be forced to pay more? BTW, executive pay has skyrocketed in the same timeframe. So we know that supply and demand are only affecting part of the job market.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Playthegame » Fri Aug 05, 2016 1:58 pm

For the last 7 plus years it has been repeatedly reported that the 1% has done very well and as you correctly point out the rich get richer. Now HRC says she is for the little guy, and wants everybody to do better and so she is going to continue the same policies that have exacerbated the disparity.

Liberal/socialist economic policy is disastrous, one merely has to look every where liberal/socialist policies are implemented and you have Venezuela or Baltimore, Greece or Detroit.

Quick Thumb nail on how to effect wage growth and economic prosperity. Things like real wage appreciation and home ownership.

Reduce the national debt:

1.) Reduce the size and scope of Government

2.) Eliminate duplicative and wasteful programs.

3.) Incentivize investment and growth by allowing the people to keep more of what they earn. Corporations are people, so lower corporate tax rate and implement fair flat tax for everyone and level the playing field.

4.) Reduce regulation: CFPB needs to be reduced in scope and how it fits, they do some things really well but has to much authority outside of congressional oversight. Main thing I have seen is not industry weighted to bring challenges of bringing both sides together. We have laws for theft and fraud, and the consumer has to bare responsibility for decision making.

A.) EPA needs same principals applied, just trying to be short and sweet here.

5.) Repeal Obamacare -This was an ill founded idea, fraudulently represented to the public and not vetted by the representatives entrusted with implementing sound fiscal policies. Everything it purported to do regarding improving health care and reducing the cost of health care has gotten significantly worse and restricted small business from growing and making profits because of reduced margins due to unnecessary cost and regulations including additional bureaucratic make work of reporting reams of data for which there is no revenue component. Basically eliminating R&D and new growth initiative because of diminished ROI.

6.) Reintroduce Glass-Steagal legislation that gets insurance companies out of the Lending and Banking industry

Those six things will accomplish the following.

Increase commerce raising GDP.

Create demand jobs and raise wages, with increased demand comes rising wages due to business wanting the best workers and needing to meet the demand from consumers who now have more of the money they earned to spend.

Increase overall tax revenue due to increased revenue from economic activity(more household spending power because they are keeping more of what they make,) more and higher paying jobs by virtue of increased demand, more and better jobs mean more tax revenue, more consumer spending means more local revenue from sales tax and business, vehicle, trade/professional licensing etc. all stimulus.

Reduce the National debt due to increased tax revenue, strengthening the dollar and stabilizing commodity prices so certainty returns for regular folks. Now hedge fund managers and wall street speculators will not be happy but they should still do ok. People that use there home equity like the ATM machines, will now be able to pay down there mortgages and buy more stuff rather than become serial refinancers.

Prevent too big to fail financial conglomerates from collapsing due to seismic portfolio swings.

As opportunity returns to the American Entrepreneur, small and large business can invest more in current and new growth opportunities that are market driven and actually return to innovation and the next waive of innovators will be able to grow instead of be beaten down by their own Government. Which translates to creating jobs and hiring employees so that they can meet demand created by having the means to buy all the cool new stuff and be able to stay healthy and keep working and playing and buying new stuff.

Much better than HRC and the new Socialist party handing out there version of fairness where ONLY the 1% get richer as has been the case for the last 7 and a half years.

Why do you think Wall St. and Warren Buffet are contributing to HRC as if there wealth depended on it?...because they know all too well if she is not elected then the status Quo will no longer be and there opulent party comes to an end...

But alas, the ultimate pay for play swindler and con team is rounding third and heading for home.

One can only hope the patient will wake up on the operating table before the surgery begins other wise order the headstone now...RIP USA

Playthegame
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Playthegame » Fri Aug 05, 2016 2:07 pm

JQP - in response to this:

And you're confusing immigration with a number of other factors that have (also) pushed hours and salaries down - probably by more. I haven't seen any honest numbers on it, but immigration, legal or otherwise, could actually be a net positive. I doubt that outsourcing, consolidation, "right-sizing" or "Uberization" are.

Simple math John - millions out of work, (labor participation rate lowest since the early 70's) and millions coming into the USA illegally every year who need government assistance costs tax payers huge amounts of money and saturates the job market.

Simple math, common sense...

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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Wabash » Fri Aug 05, 2016 2:08 pm

Playthegame wrote:Liberal/socialist economic policy is disastrous, one merely has to look every where liberal/socialist policies are implemented and you have Venezuela or Baltimore, Greece or Detroit.

Or we could end up being like Germany or Seattle, Switzerland or San Antonio.

Can you point to a nation or even a large state that has adopted your ideas with success?
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Playthegame » Fri Aug 05, 2016 2:11 pm

It would take too long...

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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Playthegame » Fri Aug 05, 2016 2:14 pm

Regarding Germany et al...HRC wants to increase Syrian refugees by like 500% so we are on our way!!!

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Wabash
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Wabash » Fri Aug 05, 2016 2:15 pm

Playthegame wrote:It would take too long...

What would take too long?

Playthegame wrote:Regarding Germany et al...HRC wants to increase Syrian refugees by like 500% so we are on our way!!!

Which has nothing to do with the economic proposals you claim are ruinous to the economy.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

Playthegame
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Playthegame » Fri Aug 05, 2016 2:38 pm

1.) Doing a historical recap on economic prosperity thru out history.

2.) 650,000 Syrian refugees will have an economic impact on our country and so effect our economy. Reforming our broken immigration policies are something most agree needs to be done. It should involve a process of Americanization. If immigrants have a problem with Americanization then one has to wonder why they are coming here. If it is to contribute and become an American then wonderful, learn the language and history, take a test and enjoy life, liberty and the pursuit of happiness.

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Wabash
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Wabash » Fri Aug 05, 2016 2:41 pm

Playthegame wrote:1.) Doing a historical recap on economic prosperity thru out history.

So the short answer is you cannot cite an example of where your ideas have been applied with success.

Until then it is a theory that has yet to be proven as workable.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

Playthegame
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Playthegame » Fri Aug 05, 2016 2:58 pm

Wahahahahahahahahahahahahahahahaha :lol:


Who is John Galt? Do you live in America? Been to Home Depot?...nice store. The founders have stated on numerous occasion's they could not repeat their business success in today's tax and regulatory environment.

Better question is where has Socialist policies worked better than capitalist policies. The answer of course is no where.

The USA is the City on a Hill, you live in this city but you ask where? Rocks are more coherent.

I rest my case...
Last edited by Playthegame on Fri Aug 05, 2016 3:05 pm, edited 1 time in total.

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Wabash
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Wabash » Fri Aug 05, 2016 3:01 pm

John Galt is a character in a fictional novel written by a nutcase.

I read Atlas Shrugged when I was 19. Cute then, but it is irrelevant to the real world.

Your attack on me doesn't change the fact that you cannot cite a real world example of where your ideas have been applied.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

Playthegame
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Re: Deficit shrinks by $1 trillion in the Obama era

Postby Playthegame » Fri Aug 05, 2016 3:22 pm

No one attacked you...you are not a threat to anyone. Why would anyone attack you? If anything I attacked your inability to recognize that you live in a country, where, when the market is free from Government intervention/over regulation, the people who participate in that market benefit tremendously and prosperity flourishes for those who are willing to put forth effort to achieve their goals.

Now that does not mean we do not need some laws and regulations, and the capacity to enforce the laws, we do.

The answer was so obvious, Wabash, the USA, but your incoherent question was surprising, then I realized you can not cite a real world example of where socialist policies work, other than a few countries like Denmark and Sweden which have thousands of years of wealth accumulation and compounded interest to subsidize their welfare programs, but no one gets wealthy in those countries who were not born into wealth, and eventually that money will run out.

Margret Thatcher was spot on when she said, Socialism is great until you run out of other peoples money.

Venezuela...On the verge of total chaos...Greece not far behind...

You rock bro!

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