Oh, I hurt the poor little coward's feelings. He was so hoping nobody would notice him pissing himself that way.
Sorry, punk. When you crumble in terror that way, people tend to notice. Find yourself some testicles and try again.
Overwhelming Majority Of Americans Think The Economy Is ‘Poor’: POLL
- Thread starter Grokmaster
- Start date
Oh, I hurt the poor little coward's feelings. He was so hoping nobody would notice him pissing himself that way.
Sorry, punk. When you crumble in terror that way, people tend to notice. Find yourself some testicles and try again.
cawacko
Well-known member
Inflation dropped from 8.5% in March to 8.3% in April. That’s still really high. Americans don’t need the media to tell them how high gas prices are, how much more expensive food costs are, the price of cars etc. They see it with their own eyes and pocket books. I guess you can argue this is media conspiracy but again, we all see it on a daily basis. That’s just the reality
The Biden Adm. is still trying to gaslight the American people about the economy= NOT WORKING.
Yes, it was an unusual year. But it resulted in those payments being permanently higher relative to costs.
It's both insurance AND welfare. It's insurance in the sense that you're insuring against a long life. If you live longer than statistically normal, you wind up taking a lot more out of the system than you paid in. If you die young, you take out less than you paid in.
It's welfare in the sense that the ratio of what you're paid out, relative to what you paid in, tends to be higher the less you earn.
Specifically, the SS formula effectively uses a bracketing system that applies tiered percentages to indexed monthly earnings, such as:
(a) 90 percent of the first $1,024 of his/her average indexed monthly earnings, plus
(b) 32 percent of his/her average indexed monthly earnings over $1,024 and through $6,172, plus
(c) 15 percent of his/her average indexed monthly earnings over $6,172.
So, obviously, if you earned just $1,024, you'd get a monthly payment at that 90% level ($921.60). If you earned $10,000, it would be about 31.4%. ($3,143). So, at any given lifespan, that richer person would pay in nearly ten times as much, but take out only a little over three times as much. In effect, the higher earner would subsidize the retirement of the lower earner.
In addition to the insurance aspect and the welfare aspect, there's also the inter-generational transfer of wealth aspect. At least for older cohorts of retirees, a significant majority get back more value from SS than they ever paid in. And that makes sense, since they got to pay in at lower levels for all or part of their careers (the current SS tax rates only started in 1990, and as recently as the late 1960's it was a full two points lower), yet still get the same payout as younger people who have had to pay in at higher levels their whole careers. Some also got earlier retirement ages... anyone born before 1960 has a lower full retirement age than the rest of us. So, in effect, today's workers are subsidizing the retirements of older people, by paying in at higher rates and working longer.
In effect, our gerontocracy voted itself inter-generational welfare: requiring younger workers to pay in at higher levels and wait longer to retire, without giving them enhanced benefits, all so the older people could be paid out at levels unsupported by their own contributions. I will have worked my whole career at these higher SS tax levels, and at best my full retirement age will be 67, because I basically will have worked to cover the cost of that old-age welfare for those who came before me. Add to that the fact I live in a higher-cost, higher-income area, where we tend to get lower payouts from SS relative to what we pay in, and that's two forms of welfare hitting me.
The Dems are screwed in November. We've got rock-bottom unemployment. When has that ever NOT been a disaster for Democrats? When things are going well, more people are worried about upper-class taxes, and fewer people are thinking they might need government assistance, and that plays to the Republicans' strengths. There's a reason that the Dems lost the White House in 1952, 1968, 2000, and 2016. Prosperity puts people in a pro-Republican mindset.
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You're measuring year-on-year. In other words, in April prices were 8.3% higher than the prior April. But that was due to inflation earlier in that period (with some of the worst of it being around June 2021.) The annualized rate for April alone was 3.98%. In other words, if prices kept rising at the same rate as they did in April for a year, then next year prices would be just 3.98% higher. That's not particularly high. The historical average is around 3.5%, so it's just a little above average. That's why the media is so nervous. They need something to sustain their negativity, so they're praying inflation comes roaring back.
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As the polls show everywhere, Americans are not buying the BULLSHIT of Pres.Moron and the Dems...who will pay in November...for starters.
And even here, on JPP, the Dunce-o-crats try the gaslighting bullshit.
It'd be pathetic, if it weren't so funny.
And even here, on JPP, the Dunce-o-crats try the gaslighting bullshit.
It'd be pathetic, if it weren't so funny.
cawacko
Well-known member
I’m not sure what to tell you. Inflation rates are at 40 year highs. Everyone sees and feels the (negative) affects of the higher prices (well less so the rich of course). I’m not understanding your claim that’s it’s not that bad.
Inflation is one indicator.... and one that only matters to the extent incomes don't keep pace with it. It's unclear what's going on with incomes at the moment (real wages have fallen, but that's typical for the initial part of a recovery, since it tends to involve disproportionate hiring of low-end workers, who were the first fired in the recession).
STFU you ignorant uneducated asshole.
BartenderElite
Verified User
The bolded says it all. You don't care about what the underlying causes are, which are complex and related to much more beyond America. It's just....Biden!
Thanks for stating that so honestly.
I see you couldn't think of a substantive rebuttal.
To what? Every time you post you just prove you have no knowledge about anything. Just twitter talking points. Fucking retarded welfare collecting democrat.
Or is yet another liar...the jury is still out.
evince
Truthmatters
And your party has crashed the American economy with Republican economic ideas both in 1929 and 2008
Did you forget your party’s major failures already?
evince
Truthmatters
And you denied for years that your party under Bush was screwing the housing market and lied us to war in Iraq
You suck at prediction and understanding the effects of policy
A pandemic is world wide
The impacts of the Ukraines raping by Putin is world wide
Why do you blame your own president?
Traitor
evince
Truthmatters
gemini104104
Verified User
NO ONE IS BUYING THE DUNCE-O-CRATS "EVERYTHING IS WONDERFUL!!" BULLSHIT, AS AMERICANS BELEIVE THEOR OWN ETYES AND LIVES OVER LIE-O-CRAT GASLIGHTING.
Overwhelming Majority Of Americans Think The Economy Is ‘Poor’: POLL
Over four-fifths of Americans think the state of the economy is “poor” or “not good,” according to a Wall Street Journal-NORC Poll released Monday.
Approximately 83% of respondents said they had a negative outlook on the economy, while 35% said they were not at all satisfied with their current financial situation, The Wall Street Journal reported. The latter is the highest percentage recorded since NORC began asking the question in 1972.
Only 27% of respondents said they think they have a good chance of improving their standard of living, representing a 20-point decline from 2021. Almost 40% said their financial situation had worsened over the past couple of years.
The rise of inflation was the most common reason given for the negative economic perspective, Jennifer Benz, vice president of public affairs and media research at NORC, told the WS Journal.
The annual rate of inflation was 8.3% in April, which represented the largest year-over-year increase since January 1982, excluding March of this year. The cost of gas is a major factor in the increase, with the price at the pump surging to all-time records, according to AAA data.
https://dailycaller.com/2022/06/06/80-percent-americans-economy-bad-inflation-poll/
You as a possible foreign troll with your shitty source of bs is in no position to speak for the majority of America for the following factual reasons versus your sewer type trolling fiction. With team Biden:
Biden’s Jobs Boom: How Policies Boosted the Labor Market Recovery in 2021
President Biden’s signature legislation, the American Rescue Plan Act, accelerated the economic recovery when it lost momentum; further fiscal steps are necessary to maintain this momentum and reduce economic inequality.
The latest data from the U.S. Bureau of Labor Statistics show that the labor market has added 7.9 million jobs since President Joe Biden took office in January 2021.1 His administration has made the revival of a flagging economy its top priority, with an emphasis on providing more assistance to struggling families. In early March 2021, Congress passed the administration’s American Rescue Plan Act (ARPA). In the 13 months from March 2021 through March 2022, the economy added 7.2 million jobs.2
Were President Biden’s policies the cause of this boom? This much is clear: The data show that his fiscal policies directly accelerated job growth, with the ARPA leading to the creation of 1 million to more than 4 million additional jobs since it went into effect. Now, it is time for Congress to build on these progressive accomplishments by enacting further measures, paid for by a more progressive tax system, to maintain jobs momentum and reduce persistent inequality."
https://www.americanprogress.org/ar...es-boosted-the-labor-market-recovery-in-2021/
ECONOMY
Payrolls rose 390,000 in May, better than expected as companies keep hiring
The U.S. economy added 390,000 jobs in May, better than expected despite fears of an economic slowdown and with a roaring pace of inflation, the Bureau of Labor Statistics reported Friday.
At the same time, the unemployment rate held at 3.6%, just above the lowest level since December 1969.
Economists surveyed by Dow Jones had been looking for nonfarm payrolls to expand by 328,000 and the unemployment rate to edge lower to 3.5%. May’s total represented a pullback from the upwardly revised 436,000 in April and was the lowest monthly gain since April 2021."
https://www.cnbc.com/2022/06/03/jobs-report-may-2022-.html
In terms of inflation, instead of blaming President Biden who was legitimately elected at being in office for two years, put the blame where it belongs on the lawlessly hacked in sewer groupies of tRump and his entire un-American repuke insurgency of the gutter who got the ball rolling on inflation:
5 Ways the Trump Administration’s Policy Failures Compounded the Coronavirus-Induced Economic Crisis
Last week, the total coronavirus death toll in the United States surpassed 100,000—a grim milestone in a battle that the Trump administration was not adequately prepared to fight. The United States now accounts for more than a quarter of the world’s COVID-19 deaths despite only accounting for roughly 4 percent of its population. The Trump administration’s failed public health response is mirrored by its failure to respond to the economic crisis, which has led to an economic fallout that sets the United States apart from other high-income nations.
With some 37.6 million Americans filing for unemployment insurance since the beginning of March and the official unemployment rate reaching 14.7 percent in April—a level not seen since the Great Depression—the American economy is in a disastrous state, with repercussions expected for years to come. The level of economic and public health pain that Americans are now experiencing, however, was not inevitable, but rather the consequence of a series of policy failures that started well before the coronavirus outbreak. The Trump administration’s past actions weakened the United States’ ability to respond to the pandemic, and its current actions continue to exacerbate the dual public health and economic crises. Although Congress was able to pass a series of stimulus measures that have blunted the economic pain for families, this relief happened in spite of the Trump administration, not because of it.
The weakness of the Trump administration’s economic response to the coronavirus crisis—much like the failure of its public health response—can be seen in comparison with the United States’ international peers. As demonstrated by the experiences of peer nations, a rapid and coordinated public health response could have contained the pandemic more effectively and reduced the mounting economic losses. Instead, it seems as though the United States is getting the worst of both: the highest death toll of any country and what will likely be the sharpest economic contraction in American history."
https://www.americanprogress.org/ar...mpounded-coronavirus-induced-economic-crisis/
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She does have a recent high school education.