Economy added 263,000 jobs in April, unemployment falls to 3.6%, new 50-year low

Discussion in 'Holding Tank' started by Woody, May 3, 2019.

  1. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    If we never had another cent of deficit spending our debt would still grow about .5 trillion a year. The average interest rate on our debt is low right now, rising rates will increase that cost.

    Deficit for this year will be about 1.1T(1T+ future deficits look to be the norm), cost of servicing the debt about .5T. Would it even be possible to change our ways to the tune of 1.6T and prevent the total debt from growing?
     
  2. OllieC

    OllieC Active Member

    824
    Mar 11, 2013
    MinniSoCold
    Sara Belle
    2005 Weekender 215
    Mercruiser 5.0 mpi, Bravo III
    Ditto.
    I work my ass off as well, to enjoy the so called "sheltered" life with my family and friends. I travel and am away from my family for business almost every week. It pisses me off when 'others' behind keyboards 'virtue signal' that I don't 'do' enough or pay enough in taxes. Who decides who's wealthy and who's not anyway - you - the government?

    Instead of worrying what others 'expendable' cash is, maybe you should worry about your own. Pull up your boot straps.

    I love (sarcasm) how the left categorizes people. Rich, poor, gay, straight, minority, - puts them in boxes. God forbid, we have individuals/'citizens' who can contribute their 'individual' skills to a civil society. Case-in-point , I have a boat, therefor I am "sheltered", therefor I can't relate to the ills of society nor have I had those experiences . Bullshit!
     
  3. Blueone

    Blueone Well-Known Member GOLD Sponsor

    Jan 24, 2007
    Lake Erie, Ohio
    2004 420 Sundancer
    Cummins 6CTA 450's
    E3DDEFA9-DB38-4A64-80EE-06C37FAB5B81.jpeg
     
    RBB and Woody like this.
  4. Iprof

    Iprof Member TECHNICAL Contributor

    833
    Aug 8, 2008
    Lake Huron
    A 300 DA 4kw Gen-set, central vac, electric head, windlass, AC/reverse heat, Lowrance 522ci GPS Char
    twin 5.7 with Alpha drives
    It seems that two of you misunderstood my post. 44% of the fulltime jobs is paying 18,000 that's 53 million people. That's 53 million voters and growing. The people in this income level will have the majority voting power in less than 5 years. Whether we like it or not they will decide our future when it comes to taxes and healthcare. Oh and this Republican sees Trump killing the party, while we enjoy our short term gain, it is that short term.
     
  5. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    I did the Google thing. It seems like every article throwing out these numbers is referring to this report https://www.brookings.edu/wp-conten...ngs-Metro_low-wage-workforce_Ross-Bateman.pdf

    First thing I'd point out is if 18K is the median then 40% aren't making that. Half would be making more and half less. I don't think saying 44% of fulltime jobs are paying 18k is correct either. The Brookings study says 'workers' not fulltime jobs. Obamacare created lots of part time workers, but who knew...ya' had to pass it first to find out what was in.:(

    The better paying jobs(manufacturing) been leaving the country for decades. I can remember the first time I heard it said that we were transitioning to a service economy/society. I thought ya'but what are all the regular folks gonna do that'll pay as good.

    They'd say services would generate more $$$ for the economy than manufacturing, it's a sign our country is 'advanced' ya'know. I guess so, our GDP is the largest it's ever been but regular folks are doing worse. Sleepy Joe has the answer, it's simple....everyone needs to learn how to code he says.

    It's going to be hard to recover from decades of changes, poor trade policy, and shitty politicin'. In the mean time we can just head to CA and pitch a tent. The wealthier homeless can even live in a car out there I've heard, they don't arrest you for doing that anymore.
     
    Last edited: Jan 20, 2020 at 2:19 PM
  6. Blueone

    Blueone Well-Known Member GOLD Sponsor

    Jan 24, 2007
    Lake Erie, Ohio
    2004 420 Sundancer
    Cummins 6CTA 450's
    Stock market breaking records today as Trump signs phase one with China .....meanwhile we have articles of impeachment given to the senate.... last night a lame dem debate and Trump doing a packed rally .... it doesn’t get better than this right now

    I really like these guys...even Juan...this is a pretty good segment on impeachment

    https://video.foxnews.com/v/6123021526001/
     
  7. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    ...and the Senate will vote on USMCA tomorrow.

    Ya, the strong economy is great but some people are even bitching about that. AOC says the markets performance is proof of inequality.o_O
     
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  8. susanandlance

    susanandlance Well-Known Member PLATINUM Sponsor

    Feb 10, 2011
    Florida
    2007 Sea Ray 36 Sedan Bridge
    8.1 mercruisers
    Sure you like it.....It's FOX news, a proud Trump supporting news channel ;)
     
  9. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    We gotta be careful when we assess the news. MSM tells us how racist this country is, we don't respect our fellow man, we don't open our arms to the 'huddled masses yearning to breathe free' they say.

    How can this be...in my country some of the most famous, the most influential people, are black. Today January 20th we remember one of them, Martin Luther King Jr. Celebrities, sports and otherwise...politicians at all levels, including cabinet members and a recent President.

    There are more people living in my country who weren't born here than any other country in the world. My country allows more legal immigrants each year than any other country in the world.

    Some days I can't help but wonder what country the MSM is talking about...and why they do it.
     
  10. Blueone

    Blueone Well-Known Member GOLD Sponsor

    Jan 24, 2007
    Lake Erie, Ohio
    2004 420 Sundancer
    Cummins 6CTA 450's
    You only hear it when Republicans are President
     

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