ExpressLane
Verified User
Biden has found out a way to decrease unemployment. Increase inflation enough so people have to go to work or live on the street and starve to death. 
Lowest unemployment since the moon landing.
- Thread starter Jarod
- Start date
So if spending dips in relation to GDP, and GDP also dips because of a recession, then that means education spending was...?
it has. Compare the 60's when we had massive savings to today with nearly no savings
we spend way more on education per child today than in 1960. you are full of shit - your excuses are full of shit.
back to the basement with you. figure out another way to convince us to spend money on you losers
Individual savings only started declining after the tax cuts.
That's what the empirical data shows.
I know the counter-intuitiveness is what is tripping you up here because in your mind, saving money from tax cuts translates to increased economic activity, but in practice it leads to increased debt loads because the individual has to now spend more money on services the government paid a larger share of prior to the tax cut that caused deficits.
Tax cuts are economic terrorism; they are used as a way to create budget deficits which are used as the excuse to cut spending on programs you oppose but that you could never cut through conventional legislation because they're too popular...so instead, you do the really shitty thing of deliberately unbalancing the budget by reducing revenue in order to force this absurd conversation on spending cuts.
That's the extent of Conservative policy because it is completely devoid of any real economic plans.
https://reason.org/commentary/infla...dent-has-increased-by-280-percent-since-1960/
280% increase - adjusted for inflation.
OK so that's another goalpost shift because we were talking about education funding.
But that isn't what your chart shows, doofus.
Your chart shows education spending cut...if it wasn't cut or it increased, then the share of GDP would have increased as well...but it didn't. It declined.
So if education spending relative to GDP declined WHILE GDP was also declining, that means education spending was cut.
So this is your theory but it's contradicted by the empirical data.
So you THINK that letting people "keep more of what they earn" translates to increased savings, except there is no data to support such a conclusion and in fact, there is empirical data that proves the opposite.
Your theory doesn't align with empirical data.
So you need a new theory, or you need to accept reality.
I love the way they conveniently forget that, per the request of "Mr. Science" himself, Fauci we shut down the economy. Shutting down the economy and saying, "He lost 30 kazillion jobzzzSSesses!" is just the beginning of the wrongness and the rewriting of history.
Preceding the Covid shutdown, Trump had simply the best economy we have ever had going... Gas was cheap, we were no longer a net importer of fuel, unemployment was low, especially for minorities, inflation was very low... Then Covid.
I don't care who is President when a shutdown like that happens, at that point the idea that we can blame them for the economy is absurd.
Anyway, we have a Fed raising rates because of inflation that is still not under control just announcing that they expect to continue to do it in the foreseeable future. this is not a "great economy". While some people have three jobs they still cannot afford what they need because of inflation, and it is getting worse.
Preceding the Covid shutdown, Trump had simply the best economy we have ever had going... Gas was cheap, we were no longer a net importer of fuel, unemployment was low, especially for minorities, inflation was very low... Then Covid.
I don't care who is President when a shutdown like that happens, at that point the idea that we can blame them for the economy is absurd.
Anyway, we have a Fed raising rates because of inflation that is still not under control just announcing that they expect to continue to do it in the foreseeable future. this is not a "great economy". While some people have three jobs they still cannot afford what they need because of inflation, and it is getting worse.
You're just a friendless, big mouthed loser who ultimately doesn't believe in anything.
Stealing the work other people did and trying to pass it off as your own isn't the world-changing personality trait you think it is.
JFC retard. we are talking about overall spending - across all sectors increasing. But even in doing so, I am pointing out how historically, even spending on education has skyrocketed.
facts are facts
and the fact is you are a loser that needs an increase in spending for personal gains
Look, I can't help it that you're a loser.
I can't help it that your big mouth writes check your skinny, flat ass can't cash.
I can't help it that you are so insecure you need validation from strangers on the internet, and the only way you can get that validation is by acting like a piece of dogshit.
You need to help yourself.
No, YOU ARE moving that goalpost.
You switch from overall spending to education spending.
The link you provided was education spending.
Now you don't want to talk about that because you realized you weren't doing the math correctly.
If what you are saying is true, and that education spending was never cut or it increased, then the share of GDP should have increased as well when the economy was in a recession in 2009-10/11. But it didn't increase...it declined.
So if education spending as a percentage of GDP declines while GDP is also declining then that means education spending was...what?
you brought up overall spending. I crushed you. you brought up education spending. Again, I crushed you.
in both cases, we keep growing - spending more and more..
so you lost big time. you look like a retard, and nobody is going to support your fuzzy math and changing debate topics.
Compare what?
What does government education spending have to do with personal savings?
Also, do you realize that personal savings started declining in the early 80's, long after the "Skyrocketing" education spending ended?
I knew this was where you were going to go because you're so pathetically predictable, or I'm just extremely prescient.
JFC retard. You are the one claiming it matters. So you pretend we are spending less and that is why savings have dipped
and when it is proven we are spending more, not less - you now act like you didn't introduce the concept of government spending?
cuckoo cuckoo
OVER 100 YEARS
When education spending was "skyrocketing" in the 60's and 70's, personal savings grew:
OVER 100 YEARS
When education spending was "skyrocketing" in the 60's and 70's, personal savings grew:
the 280% increase is today compared to 1960 - so not 100 years - but it is your math - so ....yeah 100 years. (snicker)
today - when savings have cratered, we spend 280% more on education than in 1960.
ExpressLane
Verified User
Exactly!
The economy was never shut down.
What was shut down were some points of access, but commerce was definitely happening during the early days of the pandemic.