CDZ Simple Math and the Deficit

Discussion in 'Clean Debate Zone' started by william the wie, Feb 12, 2018.

  1. Moonglow
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    Moonglow BANNED

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    Your mathematics doesn't take into account variables of a radical nature since for some reason humans can't foretell the future...
     
  2. Picaro
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    I would rather have deflation adjust prices down to current rates rather than ridiculous scenes of paying for a Snickers with a $30 million dollar bill., but that's just me.
     
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  3. Picaro
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    Picaro Gold Member

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    It's either that or busting up the monopolies, and by extension most of the laws protecting the stock market operators. It isn't production costs driving up inflation, it's the demand for higher returns on grossly inflated capitalizations and equities valuations.
     
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  4. william the wie
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    william the wie Gold Member

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    After 8 years of effectively zero wage growth and Obama doing more economic damage than both Bushs combined there is a lot of thrashing going on. For example if the same metrics were applied to Amazon as Walmart Bezos would see his networth shrink to less than 10% of what it is, not to mention facebook, Netflix and Apple. Google might hang in there. But there is more froth than beer in the high tech stein.
     
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  5. danielpalos
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    danielpalos Platinum Member

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    Social services cost around fourteen dollars an hour, anyway.
     
  6. task0778
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    task0778 Gold Member Supporting Member

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    Double digit GDP growth just isn't going to happen, rising interest rates will see to that.

    We ain't going to deport that many illegals, nowhere near enough to make a difference in wage growth.

    No argument on sanctuary states being a fiscal drag, another reason why GDP growth will not reach double digits.

    When you say unanticipated growth will reduce deficits and the debt I assume you mean they will be less than forecasted by the CBO. They'll still be rising though.
     
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  7. danielpalos
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    danielpalos Platinum Member

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    legal status cannot hide lousy public, capital policy.
     
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  8. william the wie
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    william the wie Gold Member

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    The CBO & TOMB projections are purpose built GIGO systems as in they cannot count:

    repatriated funds until the repatriation paperwork and reduced tax reaches the IRS.

    They can only count the Fiat and Mitsubishi construction and equipment purchases and installation costs prior to their car plants going online.

    They cannot adjust for the buggy birth/death models for businesses and jobs.

    So, the 9.2% of GDP repatriated investment funds that have already arrived and are being used to find the most bang for the buck for investment is not counted.
     
  9. Picaro
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    Wage growth went negative in 1973, so it's not all Obama or Bush, it's a long term fall in wages; there has been no growth in wages. Combine this with concentrated wealth and businesses, the latter buying huge tax breaks and subsidies for themselves, and you see the problem clearly; destroy the tax base and it distorts the picture, making it look like 'entitlements' are increasing when they're actually falling like rocks in real terms right long with wages, and of course claiming SS as a 'entitlement' is a fake claim ideologues like to use by lumping it in with food stamps and the like, all number which pale in comparison with the tax subsidies that don't make it into the book keeping on govt. spending and expenditure numbers, so they can claim really high percentages of 'entitlement spending'. A tax deduction for installing solid gold sinks in your private executive bathroom doesn't show up in Federal budget spending accounting.
     
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    Last edited: Feb 13, 2018
  10. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    GDP growth will hit double digits possibly before the mid-terms.

    Dude!
    Sorry to hear you're ill.....but that medical weed you're smoking appears to be excellent!!!
     

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