US on track to borrow most money since 2008 financial crisis: report

LV426 said:
When the MW is increased, you asserted it would lead to job loss.

It doesn't.

Then you tried to pretend that it leads to job loss "at the margins" (whatever that vague phrase means), yet you ignore or deliberately omit that there's a corresponding increase in higher-wage jobs at the expense of low-wage jobs when the MW is hiked.

You left that very important detail out of your entire argument on purpose, didn't you?
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LOL, tried to pretend? It was my premise from the start. Reading comprehension and understanding bro.
 
LV426 said:
You are the one who got lost here, pal.

You are the one who is deliberately leaving out key details from what you're using to support your argument. And you're doing it for a very specific reason; you're a lying piece of shit nobody who wants to make himself feel more important than he actually is on a fucking anonymous message board.

Maybe sacrificing personal integrity is something you're willing to do on an anonymous forum...I'm not, but you seem comfortable doing it.




No, you didn't understand it. You screeched about unfunded liabilities, but then suddenly clammed up when pressed for details like...how long are you looking out? What revenue baseline are you using to determine your liabilities? What is the actual liability?

You never answered those questions. Instead, you dodged and danced and Dunning-Krugered your way through a pretty shitty argument, relying on spamming links that don't even answer any of the very simple questions I asked of you.

Delete your account; kill yourself.
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Yes, I should kill myself because a millennial has zero understanding of pensions. Let me guess, you didn't read the WSJ's article this week on our unfunded pensions being the size of Japan's economy?
 
Truth Detector said:
ere is some irony for you; Johnson was able to achieve Kennedy's goal of a tax cut in exchange for promising a budget not to exceed $100 billion in 1965. In true Democrqatic fashion, Johnson lied. Spending that year was 118.2 billion.
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Right, government spending increased and the result of that spending was more revenue.
 
Truth Detector said:
Economic Recovery Tax Act of 1981 was passed on August 13, 1981. 1981 revenue = 599.3 1982 revenue = 617.8. 1983 revenue 600.6 1984 revenue = 666.
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Ahhh!!

So you see what happened there in 1983? Revenue was below 1982.

So your argument, that revenue always increase after a tax cut, is wrong in the data you just posted.
 
Truth Detector said:
Revenue in 1989 was 991.1 billion. Now I don't know about math challenged dumbfucks like you, but in everyone else's books that is a massive increase in revenue AFTER the tax cuts were implemented.
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8 years after!

LOL!

And that revenue growth was 65%

Clinton had revenue growth at 73%

Obama had revenue growth at 58%

So what are you trying to prove?
 
Truth Detector said:
Economic Growth and Tax Relief Reconciliation Act of 2001 signed into law by President George W. Bush on 7 June 2001
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Several of the tax cuts in that Act started in 2001.


Truth Detector said:
Jobs and Growth Tax Relief Reconciliation Act of 2003 Signed into law by President George W. Bush on May 28, 2003.
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So thanks for helping me prove that tax cuts fueled the housing bubble, according to Bush in 2004.


Revenue 2003 = 1,782.3
Revenue 2004 = 1,880.1
Revenue at the end of the Bush Presidency = 2,524.0 An increase from 2003 of $741.7 billion.
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LOL!

Revenue in 2009 was $2,105, not $2,524.

So you just lied. This is what happens when you don't cite your sources

In fact, not even revenue in 2008 was that high.

Here are the actual numbers for all of Bush:

2002: $1,853.1
2003: $1,782.3 (So right here, revenue below 2002 level after tax cut signed)
2004: $1,880.1
2005: $2,153.6
2006: $2,406.9
2007: $2,568.0
2008: $2,524.0
2009: $2,105.0
 
cawacko said:
I'll repeat. Increased minimum wage hurts those at the margain. That states raised the minimum wage during a period of growth and still had positive employment numbers doesn't disapprove it. Studies have shown for years who it hurts as did the recent Seattle study done by UDub. An argument isn't stupid because you disagree with it. I understand it can be disconcerting when facts get in the way of your preconceived notions.
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If the white man has to raise wages and pay the nigga more.........they will just fire the nigga.


That's the only way raising the minimum hurts Blacks. .....right cawacky?
 
LV426 said:
Of course you will, because you are mentally and physically unable to process information that runs counter to whatever narrow narrative you're trying to push on people.

States That Raised Minimum Wage See Faster Job Growth, Report Says
New data released by the Department of Labor shows that raising the minimum wage in some states does not appear to have had a negative impact on job growth, contrary to what critics said would happen.
In a report on Friday, the 13 states that raised their minimum wages on Jan. 1 have added jobs at a faster pace than those that did not.
https://www.npr.org/sections/thetwo...inimum-wage-see-faster-job-growth-report-says
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The true minimum wage should be at 20-25 an hour.
 
Truth Detector said:
We aren't talking about Kansas snowflake. The tax cuts didn't cause the deficits; spending MORE than they took in caused them. You lack a brain so simple concepts are beyond your comprehension level
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Yes, the tax cuts caused deficits. That's why they repealed those tax cuts in 2017.
 
LV426 said:
I didn't post it to prove that raising it creates jobs...I posted it to prove that your assertion about raising it killing jobs was bullshit.

So what's sad is that even when provided with information that contradicts your long-held conventional wisdom, rather than owning up to the fact that your "conventional wisdom" could actually be wrong, you try to make this about something it's not.

Your assertion was that raising the MW kills jobs, and I provided you with evidence from only 4 years ago across 13 states that shows it doesn't.

Now, an adult would take that new information and say to themselves "you know what? I guess I was wrong, and that I should probably question the "conventional wisdom" that led me to being wrong". But you're not an adult. Instead, you ignore that information and stick to your conventional wisdom -that has already been proven wrong- and dig in your heels only because your ego won't let you own up to being incorrect.

I would have respect for you people if you were capable of admitting you were wrong and changing your thinking. But you don't do that because of whatever bullshit entitlement complex you have.

Grow the fuck up.
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Holy Shit!

You win the internet today.
 
cawacko said:
Look at what I wrote. I said it eliminates jobs for the those on the margains. The UDub study backs that up. Your NPR article doesn't address those on the margains, its talking about the economy as a whole. Do you understand the difference?
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Raising the MW eliminate jobs for Blacks.

Just say it. .......you said it before.

Racist white men expect Blacks to work for free.......just like the old day's. Make america great again
 
cawacko said:
Yes, I need to grow the Fvck up because you lie about my premise. Makes total sense
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Your premise is a lie.

So we start off on poor ground because of you; because of your choice.

You deliberately omit information that undermines your argument.

That makes you a scumbag.
 
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