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What happened to all of the doom and gloom economic threads?

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canadianpenny said:
You leave me no choice. I want a divorce.
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I have to confess, the guy wasn't a preacher, it wasn't my blood they tested, and since I got married under my witness protection name, it wasn't bigamy, so just take half my stuff and git along little doggie...


I don't even care which half.
 
4est_4est_Gump said:
I have to confess, the guy wasn't a preacher, it wasn't my blood they tested, and since I got married under my witness protection name, it wasn't bigamy, so just take half my stuff and git along little doggie...


I don't even care which half.
Click to expand...

Fine. I take half of your penis. The better half.
 
Percentage Growth in Government Jobs vs. Private Jobs vs. Population Growth; Facts and Consequences


Keynesian clowns are concerned about the decline in government jobs in the past few years. They want the government to step up spending and hire more workers to make up for the loss of jobs in the private sector.

Here is a chart from reader Tim Wallace that will help put the recent loss of government jobs in a better perspective.

See charts: http://globaleconomicanalysis.blogspot.com/#OKI4DO1EIOYRKu5q.99

The growth in government jobs is not sustainable nor is there any genuine excuse for it other than political pandering and vote-buying operations.

The deviance between private bobs and population growth is easily explained by the entry of women in the workforce.

Percentage Male and Female Job Growth vs. Population Growth

Note how the percentage growth of men in the labor force closely tracks population growth the percentage growth of women in the workforce has skyrocketed.

Employment in Millions

Entry of women in the workforce allowed much higher household debt levels than ever before.

Now what?

I'll tell you what. Ability of households to take on more debt has peaked. There are no more female workers to add to the pool. Everyone male or female is working (or is looking for work) whether they really want to or not.

Women actually overtook men in the work force way back in 1990.

Percentage of Total Workforce That is Female

Unfortunate Facts

The unfortunate fact of the matter is everyone need to work to pay off accumulated debts and meet living expenses, but the jobs are not there.
The second unfortunate fact is we cannot afford and do not need all of the existing government jobs.
The third unfortunate fact is demographics are no longer favorable. Indeed, there are too few jobs, too much student debt, and too few workers supporting too many retirees on Social Security.

Those unfortunate facts happen to be highly deflationary.

Demographic Time Bomb

For a graphical representation of point number three above, please see Demographic Time Bomb in Pictures and Dollar Amounts; Ratio of Social Security Beneficiaries to Private Employment Now Exceeds 50%

Consequences

Much pain awaits the US.
Public worker pension promises have been made that cannot possibly be delivered.
The US simply cannot afford to be world's policeman. Military spending must come down or it will destroy us.
Medicare and Social Security problems must be addressed as well.
Upcoming generations are highly likely to see a drop in standard of living vs. the baby boomers. This has never happened in US history.
Click to expand...

Read more at http://globaleconomicanalysis.blogspot.com/#OKI4DO1EIOYRKu5q.99
 
4est_4est_Gump said:
Percentage Growth in Government Jobs vs. Private Jobs vs. Population Growth; Facts and Consequences




Read more at http://globaleconomicanalysis.blogspot.com/#OKI4DO1EIOYRKu5q.99
Click to expand...


"We don't need those government jobs" isn't a well thought out argument.

Republicans refuse to address the income side of the balance sheet, and Democrats refuse to address the spending side.
Read more at http://globaleconomicanalysis.blogspot.com/#tPCfrAt7cLy0YJjV.99
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I don't see Democrats as being unwilling to address spending. I see them being unwilling to address spending without addressing revenue though.

It's not like they took a dumbass pledge not to address spending that makes them completely unable to get any meaningful budget work done.
 
mercury14 said:
"We don't need those government jobs" isn't a well thought out argument.

I don't see Democrats as being unwilling to address spending. I see them being unwilling to address spending without addressing revenue though.

It's not like they took a dumbass pledge not to address spending that makes them completely unable to get any meaningful budget work done.
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That's not the argument. You have again reduced it to a Bush-like black and white so that you could make the most ridiculous claim possible.

No, they will not discuss it without class warfare window dressing because they know how to raise revenue and it's not by raising taxes because they've had several bites at that apple and balked each time. They are simply not serious about solving the problem and are willing to let us all crash and burn if it means they will win the next election.

You know, flush with victory in 2008, the Democrats went with no compromise, no need to talk, we won and don't tell us how to hold the mop or even ask for the car keys and when they got gobsmacked in 2010, it was the winners who needed to get off their high horses and compromise.

If Democrats had any standards, values, or morality, they would be guilty of the most rank of hypocrisies...
 
4est_4est_Gump said:
That's not the argument. You have again reduced it to a Bush-like black and white so that you could make the most ridiculous claim possible.
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Nothing I said was ridiculous in the least.

4est_4est_Gump said:
No, they will not discuss it without class warfare window dressing because they know how to raise revenue and it's not by raising taxes because they've had several bites at that apple and balked each time. They are simply not serious about solving the problem and are willing to let us all crash and burn if it means they will win the next election.
Click to expand...

Nobody in their right mind believes that tax cuts will pay for themselves. It's just ideologues such as yourself. You constantly reject the notion of models and assumptions but here you are swearing by your own models and assumptions. Hilarious....

4est_4est_Gump said:
You know, flush with victory in 2008, the Democrats went with no compromise, no need to talk, we won and don't tell us how to hold the mop or even ask for the car keys and when they got gobsmacked in 2010, it was the winners who needed to get off their high horses and compromise.
Click to expand...

You're making things up again. Do you really think Democrats didn't talk to Republicans when writing the ACA? Do you really think they didn't try for months to get Republican votes for the thing?

Instead, Republicans wanted rule by the minority. They decided to use the filibuster on bills large and small to prevent democratic votes from occurring as intended in the Constitution.

The fact is Republicans lost their power in 2008 because they failed America. America decided that they shouldn't make decisions but Republicans wanted to do it anyway.
 
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