Debt Default....what happens

[Harpy Eagle]

Well, since I have been retired for almost two and a half decades now she should. But I make enough to have all of the fun I want. And that is all that matters.

Cool....so still waiting on that data from you to show the LFPR I posted was fake.

Will we get it any time soon?

 

[westwall]

Cool....so still waiting on that data from you to show the LFPR I posted was fake.

Will we get it any time soon?

The U.S. labor market is the strongest it has been in the last half century, as shown by economic data across various metrics. This is partly attributable to President Trump’s progrowth economic policies, the results of which are disproportionately benefiting Americans who were previously left behind. The Administration’s policies are boosting labor demand and lowering structural barriers to entering the labor market. This report provides evidence that this labor market has contributed to reduced inequality through an economic boom that is greatly benefiting historically disadvantaged groups. These groups are becoming more and more self-reliant through their economic activity, rather than remaining inactive in the labor market to qualify for means-tested government programs. The Trump Administration’s pro-growth policies have led to a surge in labor demand, and thus, for the first time on record, there are more job openings than unemployed people. In 2019, the U.S. unemployment rate has reached 3.5 percent, the lowest rate in five decades. Falling unemployment has reduced the share of the population on unemployment insurance to the lowest level since recording started in 1967. Importantly, the unemployment rate for many historically disadvantaged groups has also reached historic lows. The African American unemployment rate has hit the lowest level on record, and series lows have also been achieved for Asians, Hispanics, American Indians or Alaskan Natives, veterans, those without a high school degree, and persons with disabilities, among others. Since the 2016 election, the economy has added more than 7 million jobs, far exceeding the 1.9 million predicted by the Congressional Budget Office in its final preelection forecast, which relied on trends from the previous phase of the current economic expansion. These gains have brought people from the sidelines into employment. In parts of 2019, nearly three quarters of people entering employment came from out of the labor force—the highest rate on record. And the prime-age labor force is growing, reversing losses under the prior administration’s expansion period. This evidence suggests that the labor market’s revival over the past three years is not a continuation of past trends but instead is the result of President Trump’s progrowth policies. The Trump Administration’s policies are not only leading to more jobs but also to higher pay, as a rise in demand in any market puts upward pressure on both quantity and price. Annual nominal wage growth reached 3 percent in 2019 for the first time since the Great Recession, and nominal wage growth has been at or above 3 percent for 16 straight months. Importantly, wage growth for many historically disadvantaged groups is now higher than wage growth for more advantaged groups, as is the case for lower-income workers compared with higherincome ones, for workers compared with managers, and for African Americans compared with whites.

https://trumpwhitehouse.archives.gov/wp-content/uploads/2019/12/The-Impact-of-the-Trump-Labor-Market-on-Historically-Disadvantaged-Americans.pdf

That Big Trump Jobs Boom Was No Illusion​

Prof. Blinder fails to inform us that the pre-pandemic boom reversed 15 years of declining labor-force participation, drove jobless rates to a 50-year low and advanced black employment to record levels​

Opinion | That Big Trump Jobs Boom Was No Illusion

Prof. Blinder fails to inform us that the pre-pandemic boom reversed 15 years of declining labor-force participation, drove jobless rates to a 50-year low and advanced black employment to record levels

www.wsj.com

Press Release - U.S. Unemployment Rate Falls to 50-Year Low​

Council of Economic Advisers

Today, the Bureau of Labor Statistics (BLS) released its monthly Employment Situation Report, which shows robust employment growth in September. Job gains are particularly noteworthy considering that the United States is in the midst of the longest economic recovery in its history. The Trump Administration's pro-growth agenda provides job creators with the framework they need to expand their businesses and offer more opportunities for workers. Since the President's election, the economy has added over 6.4 million jobs—more than the population of Maryland. Steady job growth in combination with sustained year-over-year wage increases are not only positive signs for the economy: They also improve workers' quality of life and incentivize previously left-behind Americans to join the labor force.

Press Release - U.S. Unemployment Rate Falls to 50-Year Low | The American Presidency Project

www.presidency.ucsb.edu

Labor market is thriving far better under Trump than under Obama​

BY ANDY PUZDER, OPINION CONTRIBUTOR - 10/09/17 12:00 PM ET

The employment news in September was far better than you might think. Headlines showed consistently that the U.S. Bureau of Labor Statistics (BLS) survey of businesses marked a loss of 33,000 jobs in September. But this survey reduces employment if a person doesn’t work and isn’t paid even if they still have a job.

The BLS also conducts a separate survey of households that considers workers employed if they keep their jobs. As such, it is a better measure when there is a temporary business disruption such as the one Hurricane Harvey and Hurricane Irma recently caused. This survey showed an impressive 906,000 more people employed in September.

Labor market is thriving far better under Trump than under Obama

Businesses across the country are hiring and more Americans are working better jobs for higher pay.

thehill.com

Trump’s Economy Really Was Better Than Obama’s​

At least until the pandemic, the president’s unconventional policy got unprecedented results.

Bloomberg - Are you a robot?

 

[Harpy Eagle]

The U.S. labor market is the strongest it has been in the last half century, as shown by economic data across various metrics. This is partly attributable to President Trump’s progrowth economic policies, the results of which are disproportionately benefiting Americans who were previously left behind. The Administration’s policies are boosting labor demand and lowering structural barriers to entering the labor market. This report provides evidence that this labor market has contributed to reduced inequality through an economic boom that is greatly benefiting historically disadvantaged groups. These groups are becoming more and more self-reliant through their economic activity, rather than remaining inactive in the labor market to qualify for means-tested government programs. The Trump Administration’s pro-growth policies have led to a surge in labor demand, and thus, for the first time on record, there are more job openings than unemployed people. In 2019, the U.S. unemployment rate has reached 3.5 percent, the lowest rate in five decades. Falling unemployment has reduced the share of the population on unemployment insurance to the lowest level since recording started in 1967. Importantly, the unemployment rate for many historically disadvantaged groups has also reached historic lows. The African American unemployment rate has hit the lowest level on record, and series lows have also been achieved for Asians, Hispanics, American Indians or Alaskan Natives, veterans, those without a high school degree, and persons with disabilities, among others. Since the 2016 election, the economy has added more than 7 million jobs, far exceeding the 1.9 million predicted by the Congressional Budget Office in its final preelection forecast, which relied on trends from the previous phase of the current economic expansion. These gains have brought people from the sidelines into employment. In parts of 2019, nearly three quarters of people entering employment came from out of the labor force—the highest rate on record. And the prime-age labor force is growing, reversing losses under the prior administration’s expansion period. This evidence suggests that the labor market’s revival over the past three years is not a continuation of past trends but instead is the result of President Trump’s progrowth policies. The Trump Administration’s policies are not only leading to more jobs but also to higher pay, as a rise in demand in any market puts upward pressure on both quantity and price. Annual nominal wage growth reached 3 percent in 2019 for the first time since the Great Recession, and nominal wage growth has been at or above 3 percent for 16 straight months. Importantly, wage growth for many historically disadvantaged groups is now higher than wage growth for more advantaged groups, as is the case for lower-income workers compared with higherincome ones, for workers compared with managers, and for African Americans compared with whites.

https://trumpwhitehouse.archives.gov/wp-content/uploads/2019/12/The-Impact-of-the-Trump-Labor-Market-on-Historically-Disadvantaged-Americans.pdf

That Big Trump Jobs Boom Was No Illusion​

Prof. Blinder fails to inform us that the pre-pandemic boom reversed 15 years of declining labor-force participation, drove jobless rates to a 50-year low and advanced black employment to record levels​

Opinion | That Big Trump Jobs Boom Was No Illusion

Prof. Blinder fails to inform us that the pre-pandemic boom reversed 15 years of declining labor-force participation, drove jobless rates to a 50-year low and advanced black employment to record levels

www.wsj.com

Press Release - U.S. Unemployment Rate Falls to 50-Year Low​

Council of Economic Advisers

Today, the Bureau of Labor Statistics (BLS) released its monthly Employment Situation Report, which shows robust employment growth in September. Job gains are particularly noteworthy considering that the United States is in the midst of the longest economic recovery in its history. The Trump Administration's pro-growth agenda provides job creators with the framework they need to expand their businesses and offer more opportunities for workers. Since the President's election, the economy has added over 6.4 million jobs—more than the population of Maryland. Steady job growth in combination with sustained year-over-year wage increases are not only positive signs for the economy: They also improve workers' quality of life and incentivize previously left-behind Americans to join the labor force.

Press Release - U.S. Unemployment Rate Falls to 50-Year Low | The American Presidency Project

www.presidency.ucsb.edu

Labor market is thriving far better under Trump than under Obama​

BY ANDY PUZDER, OPINION CONTRIBUTOR - 10/09/17 12:00 PM ET

The employment news in September was far better than you might think. Headlines showed consistently that the U.S. Bureau of Labor Statistics (BLS) survey of businesses marked a loss of 33,000 jobs in September. But this survey reduces employment if a person doesn’t work and isn’t paid even if they still have a job.

The BLS also conducts a separate survey of households that considers workers employed if they keep their jobs. As such, it is a better measure when there is a temporary business disruption such as the one Hurricane Harvey and Hurricane Irma recently caused. This survey showed an impressive 906,000 more people employed in September.

Labor market is thriving far better under Trump than under Obama

Businesses across the country are hiring and more Americans are working better jobs for higher pay.

thehill.com

Trump’s Economy Really Was Better Than Obama’s​

At least until the pandemic, the president’s unconventional policy got unprecedented results.

Bloomberg - Are you a robot?

Cool....so still waiting on that data from you to show the LFPR I posted was fake.

 

[Harpy Eagle]

Press Release - U.S. Unemployment Rate Falls to 50-Year Low​

Council of Economic Advisers

Today, the Bureau of Labor Statistics (BLS) released its monthly Employment Situation Report, which shows robust employment growth in September. Job gains are particularly noteworthy considering that the United States is in the midst of the longest economic recovery in its history. The Trump Administration's pro-growth agenda provides job creators with the framework they need to expand their businesses and offer more opportunities for workers. Since the President's election, the economy has added over 6.4 million jobs—more than the population of Maryland. Steady job growth in combination with sustained year-over-year wage increases are not only positive signs for the economy: They also improve workers' quality of life and incentivize previously left-behind Americans to join the labor force.

Press Release - U.S. Unemployment Rate Falls to 50-Year Low | The American Presidency Project

www.presidency.ucsb.edu

Hey, guess what....the unemployment rate is at that exact same right right now.

 

[westwall]

Cool....so still waiting on that data from you to show the LFPR I posted was fake.

Check the MULTIPLE links I provided, they contain everything you want.

But, like usual, when provided links, you ignore them.

 

[Harpy Eagle]

Check the MULTIPLE links I provided, they contain everything you want.

But, like usual, when provided links, you ignore them.

Not at one of them has different LFPR numbers than what I posted.

So....still waiting on that data from you to show the LFPR I posted was fake.

 

[struth]

Correct.

Just like Trump did not want to commit to spending cuts the 3 times he raised it.

Trump was successful at working with Congress to reach an historic two year budget ceiling deal, he was able to work across the aisle with the Dems.

Xiden can't do it...sounds like we are heading to default because of his poor leadership

 

[Harpy Eagle]

Trump was successful at working with Congress to reach an historic two year budget ceiling deal, he was able to work across the aisle with the Dems.

Yep, they all agreed to spend more to get that deal.

Why will the Repubs not do that now?

What has changed other than who is sitting in the White House?

 

[struth]

Yep, they all agreed to spend more to get that deal.

Why will the Repubs not do that now?

What has changed other than who is sitting in the White House?

They agreed to a budget and deal ceiling increase, it was a total package. They agreed to not spend as much as the Dembots wanted.

Why won't Xiden do that now? Xiden won't agree to anything, he says pass what he wants or we are defaulting.

It's Xiden that won't move, not the GOP...they agreed to raise the debt ceiling....

House GOP passes its debt bill, upping pressure on Biden

It's a symbolic victory, since the legislation is DOA in the Senate, but Republicans hope it will force the president to the negotiating table.

www.politico.com

 

[westwall]

Not at one of them has different LFPR numbers than what I posted.

So....still waiting on that data from you to show the LFPR I posted was fake.

Liar.

 

[Harpy Eagle]

Liar.

Then copy and paste it here.

The funniest part is you never actually post any data, all you have is OpEd pieces with other people's opinions. It is almost as if you cannot think for yourself.

 

[whitehall]

Dems blame republicans and the media blames the republican Speaker and everything goes back to normal.

 

[Toddsterpatriot]

Yep, they all agreed to spend more to get that deal.

Why will the Repubs not do that now?

What has changed other than who is sitting in the White House?

Control of the House.

 

[Harpy Eagle]

Control of the House.

They had control of the house in 2017 when they raised it twice.

 

[g5000]

So, does anyone know for sure what will happen if we default on our debt as a nation?

Will the Govt shut down?

Will the Military get paid?

Will SS checks go out?

Will military retirees get paid?

Our credit rating will tank, bigly. It could also trigger a worldwide economic crash.

And it will be all the trannies' fault.

 

[Toddsterpatriot]

They had control of the house in 2017 when they raised it twice.

Not in 2019.

 

[Harpy Eagle]

Not in 2019.

So, why did they not do it in 2017 when they had the House and the Senate?

 

[YoursTruly]

The only party that understands BASIC MATH = the Libertarian Party

The only party that cares about the solvency of the US Federal Govt = the Libertarian Party

They used to. Now it seems they only care about trannies and druggies. Unless something has changed in the last year.

 

[Toddsterpatriot]

So, why did they not do it in 2017 when they had the House and the Senate?

Why did they not fight with their own party? I wonder?

 

[EMH]

They used to. Now it seems they only care about trannies and druggies. Unless something has changed in the last year.

Well informed you are not...