Hard times: 7 in 10 Americans say they’re living paycheck to paycheck now

Then you're living in a delusion.

 

they're still working on it, but you're right, they got a majority of them

but they know that is a national security risk

so the next step is AI (Artificial Intelligence) and that is gonna make human labor go the way of the horse labor of the past, no longer needed

 

or it could be you living in delusion, cause that is in fact what happened and is happening

 

I see. So the US should shut down the border now.

 

There is a 2 bed, 2 bath in my neighborhood selling for $550,000. It’s 1,300 SF.

We bought our 2,500 SF, 4 bed, 2 bath, with a pool, for $329,000, just six years ago.

So, not sure why prices are so high if nobody can afford anything. Are banks back to giving huge loans to people who pinky swear they will probably be able to make the monthly payments?

 

outsourcing jobs overseas\AI has nothing to do with the border

 

Rich investors are flooding the market, trying to protect their savings from inflation.

Another unintended side effect of inflation. Has pushed home prices up even more than the inflation rate directly has.

And why not buy an extra home if you are an investor? The Fed is still keeping rates at artificially low levels, so with a high inflation rate it encourages people to borrow more money, because with inflation it will be easier to later pay it back. This pushes up home prices even more.
The interest rates on a home loan are virtually in negative territory if you factor in inflation.

 

This will bottom out again, in spectacular fashion. We are locked in at 3.5%, but it’s certainly higher than that, now.

Biden is early in his 2nd year. It’s not a secret that a new president has no impact on the economy in his first year. This was true for Trump, Obama, etc., etc.

 

To control inflation, Biden would have to be very careful about where money is being spent. Is he doing that?

Funding will have to be cut to wasteful "feel-good" projects and initiatives.

Unless you want to continue paying for stuff like free transgender treatments.

When you expose businesses to stupid multi million dollar lawsuits, that pushes prices up too.

 

No, lol, politicians don’t care about the budget. The difference between the two parties is that one wants ice cream and one wants pizza. They are the same. Drunken sailors on leave after six months at sea.

I’m not sure where you got the idea that I think the government should fund trans operations, and also not sure how it’s on topic.

 

Putting a hiatus on immigration for a few years would probably also relieve the pressure on housing prices. There's a shortage of available building space in many high population areas.

Too bad Democrats can't politically afford to do that.

 

Meh, the fix for illegal immigration is ridiculously easy. Put me in charge. I’ll have it fixed in a few months.

 

There are no three billion poor people in the US there are not even a billion people in the US to begin with which is why math proves you wrong.

Wrong and you are deliberately posting lies about me but that situation does not equal lower wages for the worker who BTW is free to buy a share and get that dollar you are obsessed with.


I am crushing your fallacies on this prosition and you know this

 

Hard times: 7 in 10 Americans say they’re living paycheck to paycheck ​

~ Yup ... I believe this is close to accurate. While Americans in general are lousy with a budget, the current administration is even worse at running the country .
I hope people keep their jobs and do not go into default ... '

 

You are the one desperately posting falsehoods .. moving the goalposts to the USA .. and trying to tar me with your issues. Wealth inequality is a global issue .. and it was you who said all the people in the world .. claiming simple math.

You claimed "simple math" yet have shown no math .. unable to figure out that 1 dollar x 3 Billion = 3 billion .. unable to figure out that when a corporation gives money to shareholders .. that money could have gone to the workers .. completely oblivious to fact that workers own only a small fraction of the shares ... as they don't have billions to buy those shares.

Then after posting no math .. nothing to support your claim .. failing to respond to information contrary to your claim .. you cry "I am crushing your fallacies" with out managing to say which fallacy you have crushed.

You have no idea what wealth inequality is .. how the economy works .. and have shown no ability for math..

So where is this simple math .. supporting your claims 1) all the poor in the world don't equal 1 billionaire 2) define what wealth inequality is .. showing how giving more money to nameless faceless shareholder living in Bermuda instead of to the worker is not an unequal distribution of wealth.

 

Was Rotten Ronnie - Debt was the highest it has ever been in real terms "interest as a ratio income" hitting 25% by the time Clinton took office. Was also Rotten Ronnie who ushered in the age of outsourcing ... whole hog.

You are correct that something changed Y2K .. February 2000 was a peak of sorts .. the crest of the Tidal wave .. US economic hegemony been in major decline .. as was foretold .. not by any crystal ball however .. but from cycles in History .. we just repeating the past.

Last 3 world economic empires Spanish, Dutch, British .. went into major decline 20-25 years after going off Gold. When you go off gold the chains are unbound .. nothing to restrict Gov't spending .. and Gov'ts do what Gov'ts do ...

We went off in 73 .. made it to 2000 .. when the Dow Peaked at around 12,000 .. then crashed down to 6000 .. never to reach a new constant dollar high for 17 years .. finally making a new high under Trump .. call it the "Crest of the Tidal wave" .. with a nasty descent to follow.

Trump was reckless .. no doubt about it the .. little fiscal restraint .. Obama spent 8 years taking the deficit from 1.4 Trillion down to 500 Billion .. Trump had it back up over 1 Trillion by his second year .. but under Biden .. fiscal restraint is completely gone .. sure we have covid to share much of the blame but .. we have entered a land of "No one cares" . about the massive debt .. really believe money can just fall from the tree .. no negative consequence....

History is playing out right on cue .. we are the lucky ones who get to watch the fall.. happening right before our eyes

 

these are the top 4 issue I think lead to where we are today

1. y2k, everyone bought new pc, servers and software to be y2k complaint in 1999 (meaning no upgrades for years as all bought new in 1999) notice processor speeds stopped doubling as fast around that time

(this led to job cuts as companies made less money for a few years)(which led to less consumer spending) - and round and round it goes

2. 9-11

3. two long long expensive wars (never should have lasted that long, a few months max)

4. Foreign outsourcing (less jobs, less spending, less taxes collected)

and of course the coming hit will be AI (Artificial Intelligence) - even less good jobs

today spending patterns changed again due to covid, and that could cause the house of cards to come crashing down at any time - the only thing that may save us for a few more years is that all the world is hurting right now, not just us, they can't afford for us to fail - as much of the money we print goes overseas eventually

we put our hand in Pandora's box, and now it's gonna hurt removing it

I do not know what will rise from the ashes, maybe it will be better, but I am old, and the transition will be painful and long - not something I am looking forward too

 

This thread is clearly about the US and it is not an issue at all which has been proven by me'

Workers are ABLE to buy shares which ruins your argument and the math still stands. The poor never had enough money to make the billionaires as you claim

I have a perfect idea of what it is and how it works and have proven you wrong.I have -proven greater comprehension than you

You on the other hand have failed to provide even a shred of evidence that it causes poverty. NOT ONE SHRED

 

You hit some interesting points .. in a bit of a discombobulated way .. not surprising as this is complicated stuff .. one has to spend considerable time and effort to get a handle on things .. and who has time for that.

Will try to summarize and tidy things up .. When we talk about fall of emipire .. the empire doesn't disappear .. look at the last one .. Britain .. still alive and kicking .. and in fact a fairly important player punching well above its weight ... well .. its "apparent weight" .. which is another story involving old money.. same money that still makes the world go round.

In the beginning of the last century Britain and US economy were roughly equal .. 30 years and 2 wars later the US economy was 25 times that of Britain.. ..and like Britain .. we are losing percentage of the Global hedgemony .. The US won't disappear .. and in fact will remain a major player .. but instead of being the head cheese .. will be just one of many players .. competing for the global pie

And we can see this and feel this already .. losing our status .. Why Trump having to use the economic Nuclear option was such a big deal .. forcing all the other nations of the world to abide by his unilateral sanctions with gun to head - threatening to block them out of Swift .. economic warfare .. on the whole world .. at a time when he was having a Trade war with China ... so dumb and dumber a war on 100 fronts. Horrible blunders on the geopolitical chessboard...

but hearken back to the "Good old Days" .. when all we had to do was whisper in the ear of some nation our desires ... and they would come begging to comply ... cause we were the only economic game in town .. and everyone wanted to play. .. Now we have to use big big stick .. and even that has limited effect

There are various cycles that happen concurrently. .. you mention a few. The cost of projecting power / maintaining hegemony - increases with time as technology spreads. The Brits had the gatling gun .. with one gunship could take over entire African nation .. fighting back with sticks and stone. Time goes by .. Africa gets the gun .. (think of storming a hill in WW2 defended with machine gun turrets ) .. one ship will no longer do .. will have to send an armada to take the hill .. and you will take many casualties.. the cost of projecting power has increased. .. and does so to the point where the economic empire that tries to maintain hedgemony (and all do) is bankrupted in the process..

In 2000 .. Total Military spend was 300 Billion. After 8 years of Bush .. exceeded 900 Billion .. topped 1 Trillion under Obama .. 1.2 Trillion under Trump. Had we maintained 2000 spend levels .. increasing with inflation - not like our military was weak back in 2000 .. had no ability to defend ourselves .. we could have diverted 500 Billion/year over 20 years = 10 Trillion dollars to infrastructure, Education, Technology, ramping up economy to compete in 3rd millennium.

Instead we threw the money down toilet .. chasing desert rats around .. filling the coffers of the Military Industrial Complex... oursourcing our manufacturing .. running massive deficits .. and whats a further slap in the face .. 50 Billion dollar Carrier Groups are now obsolete .. as the war in Ukraine has shown .. for those that didn't get the prior memo's .. All that spending .. into the rust bucket.. sans chasing around desert rats..

911 signaled the end of Essential Liberty as we knew it ... Fallacious Utilitarianism now a massive plague "Harm Reduction" as justification for law "Liberty or Death" was turned into .. Its our Patriotic duty to give up liberty for security .. over fear of some external threat.

The computer age .. enables the new Totalitarianism .. Privacy the way of the dino .. currency a thing of the past .. Biden wants to monitor any transaction over 600 Dollars..

"As was foretold" - at such times you see increasing violence and civil unrest in the population .. masses become harder to control.. State Sponsored propaganda becomes wide-spread .. gurilla warfare becomes the norm on the foreign front.

There is a big transition going on .. many cycles converging at the same time .. Environment .. Debt .. Business cycle .Inflation. the rate of change happening so fast you can see it .. folks who have never read any of the stuff I do .. noticing these changes .. whereas before folks mostly continue on in happy but ignorant bliss .. tipping points are being hit .. what is that saying .. folks will not act - maintain status quo until it becomes too uncomfortable ..... and we are seeing that point of uncomfortability .. both in the numbers .. and in the actions of people.

Declared marshall Law in Canada for goodness sakes of all places.

 

agree with much of what you said, not everything, but much of it

our being divided as a country so strongly could lead to us destroying ourselves from the inside too as things get tough, especial with foreign governments so easily able to spread propaganda here as if they were Americans saying it due to social media - and so many wanting to believe the worst of those they disagree with - perception is reality... or at least shapes it

 

What a rambling bunch of incoherent gibberish .. What math .. where is your math Simple Math you claimed over and over .. showing all the poor people combined could not make one billionaire in a decade..

Contrary to your assertion .. you have you have not proven anything wrong , shown no comprehension of wealth inequality, economic activity, nor basic math.

but here is your shot ... where is the math .. how many people are made poorer by wealth inequality and what is your estimate of the dollar value per person of this wealth inequality ..

Where is your math .. that you claim to have .. your claim that the profits going to shareholders instead of workers ..."Not inequality" abject nonsense on steroids.. a preposterous falsehood showing you have no idea what wealth inequality is .. so prior to going further .. define wealth inequality.. what factors lead to it and provide the numbers ..this simple math you keep claiming to have but never provide.

 

@Giftedone @FreshAir

I enjoyed reading your back and forth, and we are all on the same page. Much of what you came up with is on my top 10 issues with government. All those thoughts need to be organized into one cohesive white paper.

I did want to call this out. This is what Congress is for. This is literally their job. They are supposed to be consulting experts, having meaningful and respectful discussions, all in order to try to agree on an imperfect solution that is better than the current way things are done.

I think too many want to aim for their version of perfect, and this is what holds us back. Compromise means less than perfect. That's fine. Perfect is unachievable in almost all cases.

If only more Americans knew what Congress' job is, and had a desire to hold them accountable... oh, all the places we could go.

 

Yes all then poor people combined could not make 0one billionaire that is simple math and proven

Contrary to your dishonest claim I have proven it hence your personal attacks.

No one is made poorer by wealth ineqaulity and that is proven and you have failed to challenge that fact

Profit going to shatre holders takes NOTHING from workers who often asre sharerholders.

Even if one isnot a share holder he or she does not lose a dime when the share holder profits.

 

Exactly this is Congress's Job .. but they do not do their Job .. most in the pocket of one or a number of the various big money influences in Washington .. Policy in a "Pay to Play" system. Further ..these folks are often not aware either .. the information going to these folks either bad or incomplete .. "sin of omission" often rules the day.

We should be happy when a politician admits mistake .. how is one to correct mistake if can't be admitted ? This is a serious problem .what goes on in the media and from politicians in relation to mistakes ... everyone an expert armchair QB .. an expert in fortelling the past .. which any fool can do.

 

That is the Trick mate .. divide and conquer. Propaganda a classic tool of division .. it is the modus operandi of both sides .. their puppet masters .. and the MSM.

We don't have "News" anymore .. we have editorial claiming to be news .. #1 sin one learns in journalism school "Thou shalt not editorialize"
We have the main media outlets parroting and supporting Gov't narrative .. when the purpose of a free press is to challenge the Gov't narrative.

This should scare you a whole lot more than it does. This is "NAZI" STALIN -- every totalitarian authority that has ever existed tactic .. canaries in the coal mine of your brain should be screeching their beaks off .. but folks rationalize and justify .. as the raging masses are won't to to..

Covid is a great example .. OHH But But But .. have you yourself not rationalized and justified ? The thing that scared me most about Covid . was not Covid .. it was the use of State Sponsored propaganda to take a hatchet to a wide range of civil liberties .. coupled with persecution of descent ..

OH OH OH .. But But But .. Sorry mate .. there was no excuse for what transpired .. regardless of what side of the Covid fence one was on.. Messing with peoples lives and liberty on the basis of "Fallacious Utilitarianism" This is the Stamp of the Breast mate .. Full Front and Center.