Earlier quoted context omitted.
There is news about this today. McConnell is demanding that the Democrats work with Republicans to cut entitlement programs. Even though they control all three branches and are the ones who passed the very expensive tax cuts.
This was by design. Reduce income and leave no choice but cut spending.
U.S. Is World’s Most Competitive Economy for First Time in a Decade
51–60 of 124 posts
Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade
#52Is it just me or has the HN front page been more overtly political in the last few days? This is #1, some fear-mongering about China from Bloomberg is #2 (as if we forgot their technical fear-mongering about China the other day), and both of the stories are mainstream news (explicitly discouraged in the Guidelines) and have no particular "hacker" angle, except insofar as many hackers participate in the world economy…
idk if it's that the articles get up voted or the comments on the article and how it sucks and shouldn't be here getting up voted :P like I definitely just up voted your comment here
Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade
#53Is it just me or has the HN front page been more overtly political in the last few days? This is #1, some fear-mongering about China from Bloomberg is #2 (as if we forgot their technical fear-mongering about China the other day), and both of the stories are mainstream news (explicitly discouraged in the Guidelines) and have no particular "hacker" angle, except insofar as many hackers participate in the world economy…
There are now 5 million visitors a year. So it's not really shocking that more "mainstream" stuff does better these days than it might have done back in the day.
I tend to feel like I have no idea whatsoever what will do well here. I sometimes decline to post some article because I think it's not HN worthy, only to see it on the front page later.
I sometimes get accused of posting political pieces when, to my mind, they are interesting for sociological reasons. I certainly don't post things to promote any kind of political agenda per se.
I also didn't notice the things you are specifically commenting on. I recall different details from the front page. So there's possibly a certain amount of "You just happened to see X for some reason." which isn't conclusive proof of objective fact.
Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade
#54Is it just me or has the HN front page been more overtly political in the last few days? This is #1, some fear-mongering about China from Bloomberg is #2 (as if we forgot their technical fear-mongering about China the other day), and both of the stories are mainstream news (explicitly discouraged in the Guidelines) and have no particular "hacker" angle, except insofar as many hackers participate in the world economy…
I’ve been noticing this for some time as well. Either HN is becoming more political or someone is manipulating the voting. I honestly think HN is at its best when it’s apolitical.
but sometimes non political stuff can become politicized
Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade
#55Meanwhile, household debt is at it's all-time high, $13.3 trillion... surpassing its previous peak in 2008. https://www.newyorkfed.org/microeconomics/hhdc.html This article seems like fluff/propaganda.
I'm not quite sure how to parse that particular piece of data. It seems as though it may be nominal if we consider that the Household Debt-to GDP ratio is substantially decreased from 2008. Further, household debt service ratios have also decreased substantially (by roughly 30%).
Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade
#56Is it just me or has the HN front page been more overtly political in the last few days? This is #1, some fear-mongering about China from Bloomberg is #2 (as if we forgot their technical fear-mongering about China the other day), and both of the stories are mainstream news (explicitly discouraged in the Guidelines) and have no particular "hacker" angle, except insofar as many hackers participate in the world economy…
This is not really political per se, and I think it is relevant to an audience of entrepreneurs. Hacker News was once called Startup News.
As for why things are upvoted, they are upvoted because registered users click the button. You can promote your own preferred stories by upvoting them.
Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade
#57Earlier quoted context omitted.
There is news about this today. McConnell is demanding that the Democrats work with Republicans to cut entitlement programs. Even though they control all three branches and are the ones who passed the very expensive tax cuts.
There has been a clear trend for decades now showing that the defecit grows under Republican presidents and shrinks under Democratic ones. Aside from cultural issues like abortion the Republican agenda seems so far removed from what their constitancy needs it's hard to fathom. The next time Democrats are in control you'll be sure to see GOP complaints that the defecit is a problem and entitlements should be on the ch…
Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade
#58Earlier quoted context omitted.
I wonder who will be left to pay for the deficit when all is said and done?
I wonder who will be left to pay for the public pension crisis and the $4 Trillion Shortfall? http://knowledge.wharton.upenn.edu/article/the-time-bomb-ins...
The pensioners and tax payers in the particular states with the problem. It's not a federal issue at all as federal pensions have always been fully funded.
Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade
#59That economic growth came at a pretty severe cost though. The budget deficit blew out by 17% in 2018 as a result of the tax cuts.
For a long time I couldn't wrap my head around why defecits matter to the US when we print our currency. To be honest I still don't fully understand the hand wringing over a balanced budget and reading more about modern monetary theory is leading me to believe that for a superpower which issues it's own currency the defecit is more of a political issue that a concrete one. The defecit just keeps ballooning but the on…
It doesn't matter. And you're right, MMT is purely descriptive.
Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade
#60Seems relevant: http://www.doingbusiness.org/en/rankings