[ ]   [ ]   [ ]                        [ ]      [ ]   [ ]

Wordle - daily game - NoEnzLefttoSplit - May 23, 2025 - 9:20pm
 
Trump - kcar - May 23, 2025 - 6:48pm
 
Israel - R_P - May 23, 2025 - 4:48pm
 
The Obituary Page - ScottFromWyoming - May 23, 2025 - 3:45pm
 
Tax the Rich! - miamizsun - May 23, 2025 - 3:43pm
 
NY Times Strands - maryte - May 23, 2025 - 2:16pm
 
NYTimes Connections - maryte - May 23, 2025 - 10:54am
 
Buddy's Haven - miamizsun - May 23, 2025 - 10:09am
 
M.A.G.A. - Proclivities - May 23, 2025 - 10:08am
 
Radio Paradise Comments - miamizsun - May 23, 2025 - 10:05am
 
Recipes Shared at Radio Paradise - miamizsun - May 23, 2025 - 10:04am
 
Framed - movie guessing game - ptooey - May 23, 2025 - 9:06am
 
Baseball, anyone? - ScottFromWyoming - May 23, 2025 - 8:51am
 
Education - GeneP59 - May 23, 2025 - 8:40am
 
Name My Band - GeneP59 - May 23, 2025 - 8:37am
 
One Partying State - Wyoming News - ptooey - May 23, 2025 - 8:09am
 
Breaking News - Steely_D - May 23, 2025 - 7:09am
 
car DVD player touch screen bluetooth ipod - casperrues - May 23, 2025 - 6:45am
 
Bug Reports & Feature Requests - speedydave.agnew - May 22, 2025 - 7:01pm
 
Masculinists? - Isabeau - May 22, 2025 - 5:14pm
 
May 2025 Photo Theme - Action - Isabeau - May 22, 2025 - 3:51pm
 
My Favorites - Export and/or stream link? - jarro - May 22, 2025 - 3:26pm
 
Live Music - black321 - May 22, 2025 - 2:09pm
 
Who is singing? - oldviolin - May 22, 2025 - 12:02pm
 
Lyrics that strike a chord today... - oldviolin - May 22, 2025 - 12:01pm
 
SCOTUS - ptooey - May 22, 2025 - 10:29am
 
Lyrics that are stuck in your head today... - oldviolin - May 22, 2025 - 10:08am
 
Today in History - Red_Dragon - May 22, 2025 - 8:29am
 
Poetry Forum - Red_Dragon - May 22, 2025 - 7:15am
 
Barter for Healthcare - Isabeau - May 22, 2025 - 5:59am
 
Are you ready for some football? - rgio - May 22, 2025 - 5:51am
 
Artificial Intelligence - Proclivities - May 22, 2025 - 5:28am
 
Republican Party - Isabeau - May 22, 2025 - 5:22am
 
From The Land of Beez.... - miamizsun - May 21, 2025 - 1:43pm
 
Democratic Party - R_P - May 21, 2025 - 10:47am
 
Positive Thoughts and Prayer Requests - sunybuny - May 21, 2025 - 7:32am
 
Mixtape Culture Club - miamizsun - May 21, 2025 - 5:32am
 
Joe Biden - GeneP59 - May 20, 2025 - 6:30pm
 
TV Specials You Are Looking Forward to Or That You Recommend - R_P - May 20, 2025 - 3:46pm
 
New Music - R_P - May 20, 2025 - 12:28pm
 
Crazy conspiracy theories - Proclivities - May 20, 2025 - 12:16pm
 
Other Medical Stuff - DaveInSaoMiguel - May 20, 2025 - 10:32am
 
Economix - islander - May 20, 2025 - 9:05am
 
Pernicious Pious Proclivities Particularized Prodigiously - Red_Dragon - May 20, 2025 - 6:26am
 
Recycle Bin - KurtfromLaQuinta - May 19, 2025 - 9:31pm
 
merchandise? - oldviolin - May 19, 2025 - 9:22pm
 
What the hell OV? - oldviolin - May 19, 2025 - 9:21pm
 
Musky Mythology - ScottFromWyoming - May 19, 2025 - 2:28pm
 
YouTube: Music-Videos - black321 - May 19, 2025 - 11:44am
 
USA! USA! USA! - ColdMiser - May 19, 2025 - 8:05am
 
Strips, cartoons, illustrations - ColdMiser - May 19, 2025 - 7:59am
 
Immigration - Red_Dragon - May 19, 2025 - 7:59am
 
New President Music - Steely_D - May 18, 2025 - 10:30am
 
Beers are Dying - islander - May 18, 2025 - 10:24am
 
Earthquake - geoff_morphini - May 18, 2025 - 9:06am
 
Fascism In America - kurtster - May 17, 2025 - 9:23am
 
Things You Thought Today - Proclivities - May 17, 2025 - 7:11am
 
China - R_P - May 16, 2025 - 9:12pm
 
Global Warming - geoff_morphini - May 16, 2025 - 8:04pm
 
How does skip work, and how can I know I'm listening to t... - sgt0pimienta - May 16, 2025 - 5:59pm
 
Propaganda - R_P - May 16, 2025 - 1:01pm
 
What Makes You Laugh? - Proclivities - May 16, 2025 - 12:43pm
 
What makes you smile? - GeneP59 - May 16, 2025 - 9:16am
 
How's the weather? - GeneP59 - May 16, 2025 - 8:50am
 
Things I Saw Today... - Red_Dragon - May 15, 2025 - 4:19pm
 
::Animal Kingdom:: - GeneP59 - May 14, 2025 - 5:25pm
 
Bruce Springsteen interview and clips of concert - Red_Dragon - May 14, 2025 - 3:39pm
 
Europe - Red_Dragon - May 14, 2025 - 3:32pm
 
BUG: My Favourites Mix not Playing in MQA Quality on Blue... - NRJCL5 - May 14, 2025 - 3:18pm
 
BLOCKING SONGS - ptooey - May 14, 2025 - 2:32pm
 
Photography Forum - Your Own Photos - Alchemist - May 13, 2025 - 4:09pm
 
::Famous Birthdays:: - Isabeau - May 13, 2025 - 3:54pm
 
Favorite Quotes - R_P - May 13, 2025 - 12:37pm
 
Anti-War - R_P - May 13, 2025 - 11:57am
 
Media Matters - Red_Dragon - May 12, 2025 - 6:29pm
 
Index » Regional/Local » USA/Canada » It's the economy stupid. Page: Previous  1, 2, 3, 4 ... 10, 11, 12  Next
Post to this Topic
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Apr 9, 2024 - 7:39am

 islander wrote:


Wouldn't you have to pay back all the money Mexico spent on the wall?


Can credit bid that when we sell them back Texas. 
islander

islander Avatar

Location: West coast somewhere
Gender: Male


Posted: Apr 9, 2024 - 7:38am

 black321 wrote:


Only a problem if the creditors ask for the $ back, right?
But then again, none of it is collateralized so 

The U.S. also has plenty of assets...we can always sell Texas.
https://www.usdebtclock.org/#



Wouldn't you have to pay back all the money Mexico spent on the wall?
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Apr 9, 2024 - 7:28am

 Steve wrote:

A fine mess...




Only a problem if the creditors ask for the $ back, right?
But then again, none of it is collateralized so 

The U.S. also has plenty of assets...we can always sell Texas.
https://www.usdebtclock.org/#

Steve

Steve Avatar

Location: Around My Corner... and Up Yours
Gender: Male


Posted: Apr 9, 2024 - 6:28am

A fine mess...

Red_Dragon

Red_Dragon Avatar

Location: Gilead


Posted: Apr 5, 2024 - 7:56am

Another month of robust US job growth points to continued economic strength
kurtster

kurtster Avatar

Location: where fear is not a virtue
Gender: Male


Posted: Mar 13, 2024 - 11:22am

 islander wrote:
The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.
 
Yeah, remember Gray Out Davis ? ...
R_P

R_P Avatar

Gender: Male


Posted: Mar 13, 2024 - 10:15am

"The price of freedom."
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Mar 12, 2024 - 9:10am

 islander wrote:


The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.


Right
islander

islander Avatar

Location: West coast somewhere
Gender: Male


Posted: Mar 12, 2024 - 8:26am

 black321 wrote:


Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!


The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.
Red_Dragon

Red_Dragon Avatar

Location: Gilead


Posted: Mar 12, 2024 - 7:34am

 black321 wrote:


Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!


yup
GeneP59

GeneP59 Avatar

Location: On the edge of tomorrow looking back at
Gender: Male


Posted: Mar 12, 2024 - 7:08am

 Red_Dragon wrote:
You want it. You need it. We got it. So bend over and take it.

black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Mar 12, 2024 - 6:46am

 Red_Dragon wrote:

Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!
Red_Dragon

Red_Dragon Avatar

Location: Gilead


Posted: Mar 11, 2024 - 5:38pm

This used to be called "price gouging".
black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Feb 6, 2024 - 7:45am


After Jamie Dimon warns of market ‘rebellion’ against $34 trillion national debt, Fed’s Jerome Powell says it’s past time for an ‘adult conversation’ about unsustainable fiscal policy

With the United States’ national debt closing in on $34.2 trillion, some of the biggest figures in the world of finance have been speaking out. But few expected Federal Reserve Chairman Jerome Powell to address the issue—at least until this weekend, when Powell spoke out about the debt on CBS’s 60 Minutes Sunday. “In the long run, the U.S. is on an unsustainable fiscal path,” Powell warned.

Even as the U.S. economy avoided a widely forecast recession in 2023, record government spending and lower tax receipts led the national debt to surge to an all-time high. And that trend has continued into this year. The U.S. government debt to GDP ratio, a measure of total public debt to economic growth, has surged from just over 100% in 2019 to over 120%. That’s down from the COVID-era peak of 133%, but, as Powell put it, the government’s debt is still “growing faster than the economy.”

This means it’s now “past time, to get back to an adult conversation among elected officials about getting the federal government back on a sustainable fiscal path,” Powell argued Sunday.

https://finance.yahoo.com/news...

Steve

Steve Avatar

Location: Around My Corner... and Up Yours
Gender: Male


Posted: Feb 1, 2024 - 9:31am

Washington-Level Accounting Fraud

NoEnzLefttoSplit

NoEnzLefttoSplit Avatar

Gender: Male


Posted: Jan 31, 2024 - 9:38am

 black321 wrote:

More level playing field? Yes.
Redistribution? No, other than a higher estate tax. You're entitled to your bounty while here, but once you pass, put most of capital back in the pool.
And a no on loan forgiveness. Though the interest rates on student loans are a crime.

It does suggest people should live within their means. This is a reflection of poor personal financial management...a failure of our parents and education system.



ok, I realize trying to realise everyone's personal economic goals is like trying to square a circle, so I'm going to down tools for the day, but it does sound a bit like you are punishing the ones dealt the worst hand with that last sentence. 

I always thought redistributing wealth to the poor was a great way to get the multiplier effect to kick in as the poor generally purchase domestic goods, spend what they have immediately and in the process you can keep them out of destitution avoiding all the cost to society that entails.  /my 2c.
NoEnzLefttoSplit

NoEnzLefttoSplit Avatar

Gender: Male


Posted: Jan 31, 2024 - 9:30am

ok, that was interesting. That little exchange led me down a rabbit hole comparing national debt levels using the IMF database.

Go New Zealand!!  



black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Jan 31, 2024 - 9:30am

 NoEnzLefttoSplit wrote:

This suggests that you would support some kind of wealth distribution in favour of the bottom half. Maybe we have more in common than I thought.
what about student loan debt relief? What's your position on that?


More level playing field? Yes.
Redistribution? No, other than a higher estate tax. You're entitled to your bounty while here, but once you pass, put most of capital back in the pool.
And a no on loan forgiveness. Though the interest rates on student loans are a crime.

It does suggest people should live within their means. This is a reflection of poor personal financial management...a failure of our parents and education system.

NoEnzLefttoSplit

NoEnzLefttoSplit Avatar

Gender: Male


Posted: Jan 31, 2024 - 9:09am

 black321 wrote:

The aggregate shows growing levels of debt and depleted savings...which is being born by the bottom half of the income earners. 
The upper half are still strong, boosted by higher returns on their fixed income investments and a rising stock market.  
Rich get richer, poor have children.


This suggests that you would support some kind of wealth distribution in favour of the bottom half. Maybe we have more in common than I thought.
what about student loan debt relief? What's your position on that?

black321

black321 Avatar

Location: An earth without maps
Gender: Male


Posted: Jan 31, 2024 - 8:55am

 NoEnzLefttoSplit wrote:


ok, I'll do the work for you (yes I'm feeling snarky today, apologies in advance). 
1. my OECD data put the average public debt to GDP at 210%. So 217% is not that much higher than the long-term average.  
2. Yes, you are right on credit card debt reaching 1 trillion.
3. However, credit card debt only accounts for 5.8% of total household debt using Q2 2023 figures 
4. You would think that if excessive debt has been issued, there would be higher defaults on credit card debt, but this is not the case:
  "Delinquency rates were roughly flat in the second quarter of 2023 and remained low, after declining sharply since the beginning of the pandemic." (from the above source).
.  Admittedly, this might change rapidly in a recession.
5. You are right on public debt. I would be a little unsettled at 130% of GDP too. The U.S. is on the wrong end of the chart on this one. 

ok, that was my 10 minutes of public service for the day.

I suspect that if Biden is re-elected the Democrats will rein in public spending to get the public debt down again as they frequently do in their second term.





Total household debt has only held steady in recent periods because very few are assuming new mortgages - home sales are at historical lows. That and they locked in the low mortgage rates is the good news.
Non-household debt is surging because of CC, student loans, and auto loans grew, while the savings rate has plummeted. 
https://www.newyorkfed.org/mic...
The average CC holdings is somewhere between $6000-$8000 according to sources like Bankrate, and about 30% of holders carry a balance. These are the lower income consumers. 
And delinquency rates are rising and now back above pre-pan levels,

The aggregate shows growing levels of debt and depleted savings...which is being born by the bottom half of the income earners. 
The upper half are still strong, boosted by higher returns on their fixed income investments and a rising stock market.  
Rich get richer, poor have children.

Further, I'm specifically speaking of household debt, which excludes business debt.

That's my 2 mins of public service... as for your last assumption...we havent had a surplus since Clinton...so debt will continue to grow. Best you might hope for is that the GDP grows at a faster pace than the deficit. 



Page: Previous  1, 2, 3, 4 ... 10, 11, 12  Next