161–170 of 412 posts
And this is after they massaged the numbers, to avoid getting fired?
Only economists, policy makers, investors and people blabbing on the internet do care about stats.
Ordinary people just look at price tags; that's all they need.
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Likely very specious. Inflation is an emergent property. CPI is measured by looking at consumer prices which is pretty transparent. The underlying causes may be obscured and, in fact, we see a lot of debate on the causes but that is irrelevant to actually measuring CPI.
Well, look at the history of removing things like living necessities and increasing things that have dropped in price like TVs. Calculation of CPI is deranged by the cherry picking of what they measure.
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Technically speaking, the deficit peaked in 2020, fell a hit in 2021, and then fell a lot more in 2022, and then rose a bit in 2023 and 2024. The deficit on 2025 Inauguration Day was way smaller than on 2021 in Inauguration Day, so I’m not sure it would be fair to claim that Biden increased the deficit. See the graph at https://fiscaldata.treasury.gov/americas-finance-guide/natio... Downvotes on this are weird, it’s…
While true, there is another nuance missing here. The deficit was higher in 2020 & 2021 due to the Covid stimulus spending. Looking at 2017-2019 for Trump and 2022-2024 for Biden probably gives a fairer picture of what happened during both presidencies. It's basically been an upward trend since 2015, excluding the Covid outliers.
Although without COVID Trump was definitely still on track to have significantly raised the deficit since it was falling in most years under Obama compared to 2008/2009 (before COVID he grew the deficit significantly with his first round of tax cuts, just like he just did with the big beautiful bill), and it isn’t clear that Biden would have diverged from Obama without COVID around.
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All spending everywhere is essentially “salaries and compensation”. It’s not like you get to the end of the supply chain and suddenly are paying God. Money always goes to people.
Profit would fall into an entirely different category then "salaries and compensation"
But the confusion is that somehow, money not spent on “salaries and compensation” doesn’t go to people. All of it goes to people.
Defense spending isn’t buying “defense”, it’s buying time and effort for people to focus on and produce defense related things. This is the root of the original post that defense spending is a jobs program.
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The defence budget is America's job program. Very little of the money that is defense spending ends up in defense shareholder pockets. The overwhemling vast majority goes to propping up America's (now) anemic industrial base. Remember that virtually all defense dollars are constrained to only be spent on American made things and services. And most of money sent to the big contractors goes to the gazillion sub-contrac…
I believe less than a quarter of the defense budget is for salaries and compensations.
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I believe less than a quarter of the defense budget is for salaries and compensations.
All spending everywhere is essentially “salaries and compensation”. It’s not like you get to the end of the supply chain and suddenly are paying God. Money always goes to people.
Earlier quoted context omitted.
The defence budget is America's job program. Very little of the money that is defense spending ends up in defense shareholder pockets. The overwhemling vast majority goes to propping up America's (now) anemic industrial base. Remember that virtually all defense dollars are constrained to only be spent on American made things and services. And most of money sent to the big contractors goes to the gazillion sub-contrac…
I believe less than a quarter of the defense budget is for salaries and compensations.
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Why get mad about people selling things for more than you will pay? Just don't buy it and move on.
I called some of these places and had to tell them to stop scamming customers. Fuck that, I’m buying a pizza oven.
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https://www.shadowstats.com/ Tl;Dr. The outlook has changed little. ShadowStats numbers show that the economy remains in a deepening downturn, intensified by ongoing Federal Reserve Rate Hikes. Headline inflation faces a near-term rebound, thanks to the continuing and broadly based excessive growth in the Money Supply and Systemic Liquidity, as triggered by the Fed. Separately, with the Debt Ceiling now eliminated by…
Shadow stats is a crank blog with absolutely no validity. Choose your debunking source, but the owner of the blog literally just adds an amount to the official rate that he thinks represents the government error. There’s no calculation, there’s no “pre-1980 methodology”, just one dude’s vibes. If the rate has averaged 9% over the past 25 years, you’d be talking about over 750% inflation since 2000. You can buy any ma…
Over the years I have read a few articles or blogs that make the argument that if government inflation figures in the US were calculated as they do in Europe, then our reported US inflation figures would be much higher. Can anyone here verify this? Our main problems involve under the table unreported to the public military expenditures. If you look at a map of our military bases, we have many bordering China. I think…
I can't speak to this, but I suspect something is afoot. I know my mom went to a university that she paid for with a part-time job while a student. Currently that university's tuition is 80,000 a year. When I looked at what inflation figures said for college education, it wasn't enough to account for that 10x+ increase.
I suspect this is also bimodal as well. The top universities can charge this, but the bottom probably are struggling to survive.