Now this, from Fox.

[Toots_mcgee]

*When President Biden first took office, nearly 20 million people were reliant on unemployment checks to feed their families, now that number is at 1 million-- the lowest since 1970.


*And for all the worries by Republicans about increasing the deficit,during President Biden’s first year in office, the deficit was reduced by $350 billion and currently there are projections that between another $500 billion and $1 trillion dollars in further reductions by the end of September.


*The deficit is smaller under President Biden than it was at the end of President Donald Trump’s tenure.

 

[Veer2Eternity]

This is like a serial killer bragging how their murder deficit shrunk last month cause they only killed 3 people in April, down from 7 in March.

You cherry picked all of this to spin it in a deceitful way, so you lie. If anything you can thank Repub govs who ended extended unemployment benefits. And you can thank Repub senators + Manchin and Synema for killing the next $3.5T wave of spending. That alone killed this little yarn of yours.

 

[Veer2Eternity]

Cherry pick the last year of Trump's presidency to compare it to? Who passed all that spending anyway? Post another junior high meme though.

I'm not sure any GOPer wants to talk about big spending (at least if they're honest)

 

[Veer2Eternity]

Not a GOPer but I do! Been a supporter of a balanced budget amendment since I was old enough to understand the problem 3 decades ago.

or how about we elect people that don't overspend?

Voila.

 

[3Rfan]

W

I'm reading some economic happy talk on this thread from the Whitehouse. Several months ago the formerly hot economy working in tandem with inflation was not the end of world. Heavy consumer demand means people had money to spend. When it starts looking like economic stagnation and inflation, though inflation fell from 8.5 to 8.3 or in other words inflation is slowing as it's goes up we can start worrying about the end of world, Stagflation.

What is "formerly hot" abut this economy? It's g0ing crazy, people are buying all kinds of stuff and paying away too much for a house. Why would you give 50 grand OVER asking price for anything, much less a house?

 

[Toots_mcgee]

A society that is continuing to progress should NOT be requiring people to work longer. Open your mind up to new thinking.

You are stuck in prehistoric times.
People should be working less. Work does not equal life. We should be striving to help people enjoy their latter years not work till they drop.

when literally three people could shore up Medicare and SS with the cash they are hoarding from fortunes made via resources provided by citizens of this country and tax law shaped by the top 1% buying politicians, it’s absurd that you can’t see it.

 

[3Rfan]

People are unretiring now too. The Social Security benefit age of 65 is out of whack with modern times. When SS was institutionalized the life expectancy was 63. And now 65 is young. If you are born today you can expect to live to 80. By this logic Joe should've retired nearly 25 years ago. But since we force 65 year olds out of the job market, we have inflation to blame on why people are unretiring. Inflation eats away at fixed incomes like SS. This may be a good thing except for the people that have to do this. As a result older people being smarter rather than younger people being dumb are going back to work. Ages 20-24 are still lagging behind labor participation because they're still thinking everybody else are going to continue paying their bills. These are the people that will come up short when they have to pay mortgages and car loans. Early retirement narratives due to COVID-19 were completely over blown. 86% according to a CNN poll are somewhat scared how things are going.So at the end of day people that could afford to buy things is running out And other people that can buy things are not going to take the risk. Which means Stagflation.

Who is forcing people to retire? They can keep working but why don't you think they should be able to retire and enjoy some time while they're not too old to do the things they want to do, not work 40 hours a week for someone else? You have a strange idea of what life should be like in this country.

 

[Toots_mcgee]

If they want to work during retirement it can at least be made more palatable by companies allowing more flexibility with job sharing, shorter work weeks, no more one size fits all benefits packages, etc

There are a lot of great things to accomplish in life that have nothing to do with careers or crappy jobs. Grankid, who has now replaced MG with the most verbose posts in history that no one reads any more, appears to be hungry for a return to when bosses have all the leverage and can hire, fire, and punish at will with no repercussions.

 

[Toots_mcgee]

No. You will type a novel that no one will read. They are not paying enough. They are hoarding wealth. I’m talking about a very small number of people. You will take that as meaning millionaires. That’s not who I am talking about. So I won’t read your drivel.

you are wrong. Period.

 

[Toots_mcgee]

I’m one of the reasons this board was installed. We kept discussing politics on the FB board and they couldn’t take it any more. So let me tell you this topic has been discussed so many times and none of the righties have ever come up with a good reason why the rich need low taxes or given one example of voodoo economics working

The low taxation and deregulation has resulted in the worst inequality in nearly a century. Those who benefited obscenely should pay. Those who make boatloads of cash thru manipulating markets should pay dearly. The tax system should reward those achieving important goals of society.

Nothing you say will be anything that hasn’t already been introduced 20 times.

There should immediately be a windfall profits tax on oil companies.

The price gouging pharma industry should be brought to its knees with price controls.

The corporations who are buying up massive amounts of real estate in certain markets making it impossible for young people to purchase their first home should be dealt with.

There should be price controls on MRIs and Catscans and x-rays. And on and on and on.
Our country could be so much better.

There should be no such thing as health insurance. Those companies add 17% to the cost of health care and heal no one. Cure no one. it’s a scam.

Scams need to be eliminated.

Scam defenders need to be tarred and feathered.

 

[cardsrock15]

I’m one of the reasons this board was installed. We kept discussing politics on the FB board and they couldn’t take it any more. So let me tell you this topic has been discussed so many times and none of the righties have ever come up with a good reason why the rich need low taxes or given one example of voodoo economics working

The low taxation and deregulation has resulted in the worst inequality in nearly a century. Those who benefited obscenely should pay. Those who make boatloads of cash thru manipulating markets should pay dearly. The tax system should reward those achieving important goals of society.

Nothing you say will be anything that hasn’t already been introduced 20 times.

There should immediately be a windfall profits tax on oil companies.

The price gouging pharma industry should be brought to its knees with price controls.

The corporations who are buying up massive amounts of real estate in certain markets making it impossible for young people to purchase their first home should be dealt with.

There should be price controls on MRIs and Catscans and x-rays. And on and on and on.
Our country could be so much better.

There should be no such thing as health insurance. Those companies add 17% to the cost of health care and heal no one. Cure no one. it’s a scam.

Scams need to be eliminated.

Scam defenders need to be tarred and feathered.

Why not put a windfall profits tax on ALL businesses. Above what ROI% would you consider excessive???

We have the greatest country on the face of the earth, our standard of living is the reason why tens of thousands of people travel worldwide to try to sneak into the United States,,,and you want to throw it all away and implement Socialism SMH

 

[Toots_mcgee]

Why not put a windfall profits tax on ALL businesses. Above what ROI% would you consider excessive???

We have the greatest country on the face of the earth, our standard of living is the reason why tens of thousands of people travel worldwide to try to sneak into the United States,,,and you want to throw it all away and implement Socialism SMH

If you can’t tell the difference between what the oil companies are doing to our country for their own benefit vs what your barber shop is doing, then maybe some of your fellow posters should say a prayer for you.

 

[MGHS]

Home prices reached an all time high in April, but the number of sales is falling. So the real estate market is in trouble too. The inflated prices to buy necessities are so high that broadly, people can't afford housing. People with subprime mortgages are falling behind. Consumers are falling behind on car loans and credit cards. Credit has been extraordinarily loose again, in the hopes that the market will boost prices beyond what the mortgage is worth, and mortgages are flipping upside down. This just happened in 2007-08. The share of subprime credit card loans and personal loans at least 60 days late are rising according Equifax which is credit reporting agency. As a result of the Federal Reserve indication to jack up interest rates, we are going to see more defaults. This means prices on real estate will go down, which results in more flips. More people will be upside down on mortgages. So sadly we could be watching another real estate bubble burst. Also subprime car loans and leases in default reached an all time high in February. The pandemic benefits and child tax credits have run out for subprime borrowers. People that don't have savings are choosing to pay for essentials instead of their credit debt. Wells Fargo and Equifax are reporting these facts in a number of publications.
Anecdotally, I recently took out a home equity loan on my home that's been paid off for 20 years. I wanted to be a cash buyer on a property I wanted. The folks that were competing with me on the property were trying to secure loans at $40,000 over the asking price, and the number of competitors is astonishing. Since I had cash, I paid $20,000 over the price of the property, because I told them I would walk. Young buyers typically can't do this, or the kids that have children that need a home the most are going to suffer. We are still in the best credit environment in our lifetime but inflation will constrain the ability to pay. The price range of homes available for young families are not available very long, and they're few and far between. Frankly, I can't imagine building one either. Lumber prices, wow.

Like your post's...but could you break them up into paragraph's to make reading a bit easier.

 

[MGHS]

A society that is continuing to progress should NOT be requiring people to work longer. Open your mind up to new thinking.

You are stuck in prehistoric times.
People should be working less. Work does not equal life. We should be striving to help people enjoy their latter years not work till they drop.

when literally three people could shore up Medicare and SS with the cash they are hoarding from fortunes made via resources provided by citizens of this country and tax law shaped by the top 1% buying politicians, it’s absurd that you can’t see it.

God you are a thief......People are not under any obligation to pay for the masses of lazy people's lifestyles. You clearly want to take away the hard earned legally obtained fortune of others to pay for those who just want to do nothing and produce nothing.

If people want to work less and live a nice retirement lifestyle then they should prepare for the expenses of not be a productive citizen and contributing to society in their later years.

It is the individuals responsibility to determine their quality of life, I have Zero interest in helping anyone work less or provide for their quality of care in their twilight years.

It's not complicated if you want a Hollywood, Leftist Fantasy of having a vacation home on the beach or traveling the U.S. of A in a six figure Caravan complete with slide outs and Big Screen TV's then by all means acquire the wealth to do so. If not then expect to work till you are in a pine box. It's not your neighbors or any citizens responsibility to chip in to make your dreams come true.

People like you are literal thieves who want to rob the hard work of other's so they can live a nice cushy life.

 

[MGHS]

Who is forcing people to retire? They can keep working but why don't you think they should be able to retire and enjoy some time while they're not too old to do the things they want to do, not work 40 hours a week for someone else? You have a strange idea of what life should be like in this country.

Simple then people need to prepare for your own retirement. People can chart their own destiny and if not then reap the ramifications of not doing so. Nobody is saying they can't but retirement is not a right or owed to anyone at all.

You have a weird Idea about what this country is about. This country isn't about some communal hippie economic system. This country was founded on individual rights and individual freedoms and responsibilities.

It is not my concern or responsibility to make sure anyone has retirement and can enjoy their twilight years. In fact if it takes ONE PENNY from me I'm 100% invested in making sure they can't enjoy a retirement and instead pay their own way and provide for themselves till they pass on.

If they want to do things they want and not work 40 hours for someone else then by all means then they can make the effort to do so but to expect others to be forced to chip in is not American.

Of course you and your leftist comrades can voluntarily start paying the freight if you so desire for anyone who doesn't prepare of have the skills to live some fantasy retirement lifestyle set up a Charity and start donating.

But leave the rest of us alone so we can spend our Money on ourselves and those who we care about.

 

[MGHS]

If they want to work during retirement it can at least be made more palatable by companies allowing more flexibility with job sharing, shorter work weeks, no more one size fits all benefits packages, etc

There are a lot of great things to accomplish in life that have nothing to do with careers or crappy jobs. Grankid, who has now replaced MG with the most verbose posts in history that no one reads any more, appears to be hungry for a return to when bosses have all the leverage and can hire, fire, and punish at will with no repercussions.

Nobody is stopping anyone from accomplishing anything, but any responsible and worthwhile citizen is Responsible for their own existence and to pay the freight for that existence.

The divergence is that you want everyone to put in to the pot unequally or not at all and then let the pot be divided up equally. Paying taxes for community works projects, roads, bridges and the Military is one thing.

Paying so people can have retirement live styles should not be a burden placed on the taxpaying citizen.

And Nobody owes you a job at all or benefits. You get a fairs day pay for a fairs days work. Those providing the job are not in partnership with the labor they hire. People have skills. The more valuable the skill the more they are compensated. The less valuable the skill then they are disposable and replaceable and have little value and they are compensated as such.

Not everyone can be a winner. Some people end up being big losers in life that is as it should be.

 

[MGHS]

I’m one of the reasons this board was installed. We kept discussing politics on the FB board and they couldn’t take it any more. So let me tell you this topic has been discussed so many times and none of the righties have ever come up with a good reason why the rich need low taxes or given one example of voodoo economics working

The low taxation and deregulation has resulted in the worst inequality in nearly a century. Those who benefited obscenely should pay. Those who make boatloads of cash thru manipulating markets should pay dearly. The tax system should reward those achieving important goals of society.

Nothing you say will be anything that hasn’t already been introduced 20 times.

There should immediately be a windfall profits tax on oil companies.

The price gouging pharma industry should be brought to its knees with price controls.

The corporations who are buying up massive amounts of real estate in certain markets making it impossible for young people to purchase their first home should be dealt with.

There should be price controls on MRIs and Catscans and x-rays. And on and on and on.
Our country could be so much better.

There should be no such thing as health insurance. Those companies add 17% to the cost of health care and heal no one. Cure no one. it’s a scam.

Scams need to be eliminated.

Scam defenders need to be tarred and feathered.

You are wrong because a Large portion of the population rejects your ideology.

Any Tax on profits or any business will only be passed on to the consumer, it is business so that is what is done. Including the oil industry.

While I don't like the price gouging Big Pharm industry at all, massive controls will not accomplish what you want at all. It would quickly stop R&D only about 3 of 10 products generate after tax profits. Start price controlling and Big Pharm will stop the R&D and focus on cost cutting measures to keep the Same Profit margin. You clearly don't understand Big Pharm and most of the Drugs they have created exist only to generate a profit....not to help humanity. You seem to not be able to grasp this concept.

While I don't like the idea of corporations buying up property....why in a free society should they not be able to purchase property? How should they be dealt with. Your Overt and controlling mind set in a free market country is a disturbing at the very least.

Controlling the price of healthcare Procedures just leads to the shifting of the cost. Most of the cost in healthcare is to the Workers and the Price of modern technology. Doctors, RN's, Tech's, EVS, Pharmacist's etc. and the pay they receive are what you are paying for and Healthcare professionals don't work cheap. And the Price of the Research and Development for all the Bells and Whistles everyone wants has to be compensated for or it will stop. Nobody is going to put forth a effort just to help the Greater good of the citizenship to develop the next vaccine or medical procedure of device the goal is Getting rich that is the incentive. Want to fix the price of healthcare.....stop giving the benefit of premium healthcare to those who can't pay for it.

Maybe as I've said before have two systems the commie public system with people who want to work under the current govt budget for medicaid and medicare. And then have medical care that is paid for by insurance companies.

Scams are already illegal.....but they will always happen if the punishment is not severe enough to deter them. I guess you got some magic idea to stop them LOL outside of tar and feathering?

 

[MGHS]

Joe Biden has a pathological aversion to admitting his responsibility for this mess. Instead he's going to punish corporations as a backdoor fashion to bring down wages, get people fired, to lower inflated prices. Brian Deese NEC, claims deficit reductions will reduce inflation. Even the outcome of his own policies don't make any sense. He's making the same old claim that corporations are being greedy, and this is what's driving inflation. This is just not true. This is not going to drive more revenue to the Federal Government, revenue to the Government is at all time high right now. This is not the problem. The problem is whatever they take in they blow out twice as much. But the progressives won't admit this because it cuts against all their economic preferences. Their plan is to raise taxes and yell at corporations. Nobody is buying this.

Truthfully you can't just blame progresses for spending like Drunken sailors on a furlough...plenty of Rep's do the same to.

And unfortunately plenty of people are buying it. A huge portion of the indoctrinated educated masses in Urban and Suburban blue regions worship at the alter of hating & punishing corporations, raising taxes and increasing regulations that will slow economic growth and then counter balance that with spending even more money on programs that benefit people who already grift off the system.

 

[cardsrock15]

Simple then people need to prepare for your own retirement. People can chart their own destiny and if not then reap the ramifications of not doing so. Nobody is saying they can't but retirement is not a right or owed to anyone at all.

You have a weird Idea about what this country is about. This country isn't about some communal hippie economic system. This country was founded on individual rights and individual freedoms and responsibilities.

It is not my concern or responsibility to make sure anyone has retirement and can enjoy their twilight years. In fact if it takes ONE PENNY from me I'm 100% invested in making sure they can't enjoy a retirement and instead pay their own way and provide for themselves till they pass on.

If they want to do things they want and not work 40 hours for someone else then by all means then they can make the effort to do so but to expect others to be forced to chip in is not American.

Of course you and your leftist comrades can voluntarily start paying the freight if you so desire for anyone who doesn't prepare of have the skills to live some fantasy retirement lifestyle set up a Charity and start donating.

But leave the rest of us alone so we can spend our Money on ourselves and those who we care about.

I have never understood why I am supposed to work my rear end off my entire life to help support people who make bad decisions and choose to lay around and squander their life away. I am perfectly fine with letting lazy people starve if they dont want to support themselves and their family

 

[MGHS]

If President Biden were serious about combating inflation, he would be calling for immediate cuts in federal spending and a scaling back of government intervention in the economy. Instead, he wants to increase both massively. Biden would rather blame corporate greed, Putin, and “ultra-MAGA” Republicans than take any meaningful action to address inflation.

My point was that GOP Presidents really don't adhere to Federal Spending cuts or Scaling back Govt intervention either.

 

[MGHS]

I have never understood why I am supposed to work my rear end off my entire life to help support people who make bad decisions and choose to lay around and squander their life away. I am perfectly fine with letting lazy people starve if they dont want to support themselves and their family

I agree but the 60's hippie movement and their eventual infiltration into the system has warped the structure of America. It's on think to help your Family, Friends and Local neighbors. It's a whole other idea to force by govt intervention the taking of the legally earned wealth of others and give it to those who have zero skin in the game.

 

[MoSooner69]

The whole "Share the Wealth" might be good in theory but not in practice. Some of these same folks don't understand what its like owning a small business in America. Forbid you actually make a profit instead of automatically giving it ALL to your workers. Many, many, times owners make less than workers, even though they may do much of the work themselves. There are plenty of times that there is no paycheck at all... But they dont want to hear about that.

 

[Toots_mcgee]

Yawn

 

[MGHS]

The whole "Share the Wealth" might be good in theory but not in practice. Some of these same folks don't understand what its like owning a small business in America. Forbid you actually make a profit instead of automatically giving it ALL to your workers. Many, many, times owners make less than workers, even though they may do much of the work themselves. There are plenty of times that there is no paycheck at all... But they dont want to hear about that.

I figured that out when my EX was a station manager of a small Radio station, sometimes the owner had to cut checks from his own pocket to cover the payroll, payroll taxes which was a huge expense, etc. and she made more than him some months and other months he got a good check depending on how the sales team did. Now he owed several station's so he was doing fine.