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Thread: Economics Thread

  1. #281
    Expects Yuge Games nsacpi's Avatar
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    Quote Originally Posted by smoltzie29 View Post
    I will when I'm back home.

    Last I looked it was over 20% where historically we used to live in the mid to high teens
    it never hurts to look at da numbahs

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    It's OVER 5,000! 57Brave's Avatar
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    Quote Originally Posted by nsacpi View Post
    it never hurts to look at da numbahs
    Republicans represent the smaller, fading segment, with less-educated, more-homogenous work forces reliant on traditional manufacturing, agriculture and resource extraction. Democrats represent the larger, growing one, fueled by finance, professional services and digital innovation in diverse urban areas.




    https://www.dailykos.com/stories/201...-districts-lag
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    Quote Originally Posted by nsacpi View Post
    it never hurts to look at da numbahs
    Looks like:

    Clinton averaged 18.3%
    Bush averaged 18.9%
    Obama averaged 21.8%
    So far Trump has averaged 20.52

    As I said, we used to be able to comfortably remain below 20% but that has changed and doesn't appear to be slowing down anyway.

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    Average outlays 1969-2018 are 20.3%. That's where we came in FY 2018. Right at the average for the past 40 years. In spite of having a significantly higher proportion of the population over 65, which works to increase federal government outlays on medical care and social security.

    Meanwhile revenues are below their average of 17.4% for the 1969-2018 period.
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    Quote Originally Posted by nsacpi View Post
    Average outlays 1969-2018 are 20.3%. That's where we came in FY 2018. Right at the average for the past 40 years. In spite of having a significantly higher proportion of the population over 65, which works to increase federal government outlays on medical care and social security.

    Meanwhile revenues are below their average of 17.4% for the 1969-2018 period.
    Where you pulling numbers? I'm seeing different numbers in many sources (not saying you're wrong just want to get on same page)


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    Quote Originally Posted by sturg33 View Post
    Where you pulling numbers? I'm seeing different numbers in many sources (not saying you're wrong just want to get on same page)

    the graph on page 2 of the CBO document...it has two dotted lines that represent the averages for outlays and revenues over the past 40 years...fiscal years 1969 to 2018
    Last edited by nsacpi; 11-19-2018 at 10:34 PM.
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  7. #287
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    Another graph to consider: the percentage of population 65 and over, which is a big driver of federal spending

    https://fred.stlouisfed.org/series/SPPOP65UPTOZSUSA
    Last edited by nsacpi; 11-19-2018 at 10:40 PM.
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  8. #288
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    Quote Originally Posted by nsacpi View Post
    Another graph to consider: the percentage of population 65 and over, which is a big driver of federal spending

    https://fred.stlouisfed.org/series/SPPOP65UPTOZSUSA
    Agreed. which is why something has to be done about medicare and social security

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    Quote Originally Posted by sturg33 View Post
    Agreed. which is why something has to be done about medicare and social security
    Won't happen. Why do you hate old people?

    Go get him!

    Founding member of the Whiny Little Bitches and Pricks Club

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    Quote Originally Posted by nsacpi View Post

    Where is sturg btw.
    Quote Originally Posted by smoltzie29 View Post

    Sturg is not allowed on here at work on work device so he had to go through VPN from corporate phone
    What am I missing here?
    Go get him!

    Founding member of the Whiny Little Bitches and Pricks Club

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    Quote Originally Posted by Jaw View Post
    What am I missing here?
    sturg
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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    Quote Originally Posted by nsacpi View Post
    sturg
    He's a great guy

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    Quote Originally Posted by smoltzie29 View Post
    He's a great guy
    de gustibus non disputandum est
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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    Nine out of every 10 Silicon Valley jobs pays less now than when Netflix first launched in 1997, despite one of the nation’s strongest economic booms and a historically low unemployment rate that outpaces the national average.

    https://www.mercurynews.com/2018/11/...g-jobs-report/
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    https://www.readingeagle.com/money/a...7CssL8zVD2KNMc


    General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles.
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    Not sure what that has to do with economics. That's a business making a decision on their future product line.

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    Telling you don't understand he economic implications of GM slashing 15% of their workforce
    after spending the better part of last December touting the promise of tax cuts and a booming Trump economy.
    Funny thing about Rosy Colored Glasses.

    Not to mention, this is GM
    Last edited by 57Brave; 11-26-2018 at 04:31 PM.
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    Trump’s aluminum/steel tariffs cost GM a billion dollars.

    I think ultimately a lack of demand is driving the cuts, but a $1B increase in costs is certainly going to accelerate cuts.

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    Quote Originally Posted by acesfull86 View Post
    Trump’s aluminum/steel tariffs cost GM a billion dollars.

    I think ultimately a lack of demand is driving the cuts, but a $1B increase in costs is certainly going to accelerate cuts.
    The Bernie approved tariffs are a disaster. Will only be successful if China reduces or removes their own tariffs

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    Quote Originally Posted by smoltzie29 View Post
    The Bernie approved tariffs are a disaster. Will only be successful if China reduces or removes their own tariffs
    Both Bernie and Trump are crackpots. To coin a phrase.
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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