Vegas Free-for-All - GDP Falls by 2.9% in Q1 14

pjstroh

Dec 23, 2014
7:17am

Quote

Originally posted by: hoops2
If the economy is so great why do we have 40m+ on food stamps? Why is the adult participation labor rate at historic lows?

Economic growth isnt measured in Food stamps...just like baseball players arent measured in touchdowns. But Hoops cant stay on topic whenever the real data puts points on the board ....thats why he changes the topic to food stamps, or black on black violence, or golf. Buts its not like we didnt already know that..

Boilerman

Dec 23, 2014
8:03am

Block User

Obama has borrowed $112,000 for each American federal taxpayer. With that amount of spending, the economy should be roaring.

hoops2

Dec 23, 2014
11:18am

Block User

Pj - I will try to help

1- people want to sign up for food stamps
2- govt doesn't have the cash
3- govt sells bonds to get cash to distribute food stamps
4- people use the stamps to buy food
5- GDP expands
6- sounds great EXCEPT

As the govt deficit grows more tax money is needed to pay interest on bonds. Within 20 years 100% of the tax collection will go to paying the interest & SS. There will be no money to operate the govt or to provide services.

jatki

Dec 23, 2014
11:21am

Block User

Quote

Originally posted by: pjstroh

Quote
Originally posted by: hoops2
If the economy is so great why do we have 40m+ on food stamps? Why is the adult participation labor rate at historic lows?

Economic growth isnt measured in Food stamps...just like baseball players arent measured in touchdowns. But Hoops cant stay on topic whenever the real data puts points on the board ....thats why he changes the topic to food stamps, or black on black violence, or golf. Buts its not like we didnt already know that..

I think what it means is the recovery has been kick ass for the rich, for the middle and lower class...not so much.

pjstroh

Dec 23, 2014
11:43am

Block User

Quote

Originally posted by: hoops2
Pj - I will try to help

1- people want to sign up for food stamps
2- govt doesn't have the cash
3- govt sells bonds to get cash to distribute food stamps
4- people use the stamps to buy food
5- GDP expands
6- sounds great EXCEPT

As the govt deficit grows more tax money is needed to pay interest on bonds. Within 20 years 100% of the tax collection will go to paying the interest & SS. There will be no money to operate the govt or to provide services.

3 out of 4 people on Food Stamps are either seniors, kids, or disabled. Which of those demographics does Hoops/Jatki think will rid themselves of Food Stamps with a better managed economy? Do tell.

But who cares? its an irrelevant point to the subject. Economic growth is not measured by food stamp participation. Its measured by goods and services bought in the economy. (See Chilcoots article) Those purchases are at record levels. And those businesses balance sheets are at record levels. And The share prices of those businesses are at record levels. Any economics professor in any low rent community college will tell you that is how you economic growth is measured. And its all happening under the watch of a Socialist anti-business president.

Now if you want to complain that businesses aren't sharing their record profits with their workers then I'm happy to agree with you. If you want to point out that wealthy shareholders of corporations are getting a bigger share of those record breaking profits than the people whose sweat it comes from - I wont argue with that either.
In fact, there is nothing to argue. It is a demonstrable fact. I support policy to make impoverished workers get a livable wage from their prosperous employers. SO does the president. You know who doesn't support that? Hoops. But he complains those impoverished workers get Food Stamps even as he advocates their impoverished wages. And then he tries to use their predicament as a means to measure economic growth.

So not only is Hoops incorrect to use Food Stamps as a means to measure the economy - he is also disingenuous about it.

Boilerman

Dec 23, 2014
8:28pm

Block User

Boiler suggests that all adults be taken off of food stamps. It's my job to take care of myself from adulthood until I die, and that's everyone's job. Liberals, however, prefer a nanny state.

My plan is fiscally workable, and the Liberal plan has proven unsustainable.

Quote

Originally posted by: pjstroh

Quote
Originally posted by: hoops2
Pj - I will try to help

1- people want to sign up for food stamps
2- govt doesn't have the cash
3- govt sells bonds to get cash to distribute food stamps
4- people use the stamps to buy food
5- GDP expands
6- sounds great EXCEPT

As the govt deficit grows more tax money is needed to pay interest on bonds. Within 20 years 100% of the tax collection will go to paying the interest & SS. There will be no money to operate the govt or to provide services.

3 out of 4 people on Food Stamps are either seniors, kids, or disabled. Which of those demographics does Hoops/Jatki think will rid themselves of Food Stamps with a better managed economy? Do tell.

But who cares? its an irrelevant point to the subject. Economic growth is not measured by food stamp participation. Its measured by goods and services bought in the economy. (See Chilcoots article) Those purchases are at record levels. And those businesses balance sheets are at record levels. And The share prices of those businesses are at record levels. Any economics professor in any low rent community college will tell you that is how you economic growth is measured. And its all happening under the watch of a Socialist anti-business president.

Now if you want to complain that businesses aren't sharing their record profits with their workers then I'm happy to agree with you. If you want to point out that wealthy shareholders of corporations are getting a bigger share of those record breaking profits than the people whose sweat it comes from - I wont argue with that either.
In fact, there is nothing to argue. It is a demonstrable fact. I support policy to make impoverished workers get a livable wage from their prosperous employers. SO does the president. You know who doesn't support that? Hoops. But he complains those impoverished workers get Food Stamps even as he advocates their impoverished wages. And then he tries to use their predicament as a means to measure economic growth.

So not only is Hoops incorrect to use Food Stamps as a means to measure the economy - he is also disingenuous about it.