Is the employment market recovering?
72- Racing Saturday
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Supposedly we are in a "jobless recovery". This has to be the ultimate oxymoron! Job loss is still going up, consumer spending is going down. A bright spot, if you will, is that the US savings rate is up. Though, this may be due to the job worries many American citizens.
NO, the employment market is not recovering!
What is the antidote?
1) Cut the payroll tax (FICA on your paycheck stub) to 5%.
2) Cut the capital gains tax to 10%.
3) Cut business taxes across the board.
This will allow many Americans to have more take home pay and allow businesses to invest in growth. John F. Kennedy once remarked, "A rising tide lifts all boats".
72- rhamson
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C.J. Wright wrote:
rhamson wrote:
C.J. Wright wrote:
Now your mixing and matching facts. The employer matches ss etc. The employer DOES NOT match welfare, the state does. You mentioned welfare because it was a "hand out" thats what I addressed. Means tested entitlements....hand outs.....based on need. Its 6% not 2%....don't forget the states provide monies too. I take it your a business owner.In your excitement you failed to notice I did not group welfare into that package. I cited the welfare federal budget at 2% because that is what it is, the accompanying state matching funds go state by state. Did you average that 6% state figure or is it from your state. Regardless the matching funding is a choice your local representatives make. When you look at the percentages of the federal government spending in areas such as military, education and so on it totally dwarfs the welfare figure. Not worth mentioning when you get down to it. And yes I own two business. Oh by the way have you heard about the fat and lazy middle class you cited that have been living beyond their means, don't worry about them because they will soon be on welfare.
The point is that 2% doesnt do the dishes no matter where you live. Therefore the figure is misleading. Providing for the common defense....its in the constitution....sounds like a good reason to tax, if you must. Is there waste there? ABSOLUTELY! Do a check on DFAS and how much money they can't account for each year. Its scary. Education, "no child left behind" UNFUNDED MANDATE! In my personal opinion we already have socialized education (American Version). Look how poorly we run it. Americans are bad at socialism. In a true socialist school system students would NOT all be entitled to the same education.
I just noticed that we are WAY off topic!LOL
Do you think the employment market is recovering?I agree that the lines seem to get blurred when you discuss this big ball of S%^$ and when you pick at it the stink gets all over the place.
As far as employment goes I don't know. I hear that it is only a few months away from recovery every few months. The manufacturing sector is desimated. If you get a chance watch the HBO documentary "Schmatta: Rags to Riches to Rags" It talks of the garment industry and how in 1963 we produced 95% of domestic clothing in the US but now produce only 5%. I don't know how we can stop the job loss to overseas job pools. I deal with it everyday in one of my business'.- C.J. Wright
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rhamson wrote:
C.J. Wright wrote:
rhamson wrote:
In your excitement you failed to notice I did not group welfare into that package. I cited the welfare federal budget at 2% because that is what it is, the accompanying state matching funds go state by state. Did you average that 6% state figure or is it from your state. Regardless the matching funding is a choice your local representatives make. When you look at the percentages of the federal government spending in areas such as military, education and so on it totally dwarfs the welfare figure. Not worth mentioning when you get down to it. And yes I own two business. Oh by the way have you heard about the fat and lazy middle class you cited that have been living beyond their means, don't worry about them because they will soon be on welfare.The point is that 2% doesnt do the dishes no matter where you live. Therefore the figure is misleading. Providing for the common defense....its in the constitution....sounds like a good reason to tax, if you must. Is there waste there? ABSOLUTELY! Do a check on DFAS and how much money they can't account for each year. Its scary. Education, "no child left behind" UNFUNDED MANDATE! In my personal opinion we already have socialized education (American Version). Look how poorly we run it. Americans are bad at socialism. In a true socialist school system students would NOT all be entitled to the same education.
I just noticed that we are WAY off topic!LOL
Do you think the employment market is recovering?I agree that the lines seem to get blurred when you discuss this big ball of S%^$ and when you pick at it the stink gets all over the place.
As far as employment goes I don't know. I hear that it is only a few months away from recovery every few months. The manufacturing sector is desimated. If you get a chance watch the HBO documentary "Schmatta: Rags to Riches to Rags" It talks of the garment industry and how in 1963 we produced 95% of domestic clothing in the US but now produce only 5%. I don't know how we can stop the job loss to overseas job pools. I deal with it everyday in one of my business'.So your business' make things? I firmly believe that the manufacturing industry is critical to long term improvements in the economy. Service based industry is too tightly linked to discretionary spending and that makes the job market too volatile. Manufacturing neccessities and durable goods is where its at as far as creating a stable economy. Of course responsible and ethical business owners are needed as well as workers with reasonable expectations in regards to wages and benifits. I don't watch tv so I'll have to see if HBO offers it on DVD.
- C.J. Wright
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Racing Saturday wrote:
Supposedly we are in a "jobless recovery". This has to be the ultimate oxymoron! Job loss is still going up, consumer spending is going down. A bright spot, if you will, is that the US savings rate is up. Though, this may be due to the job worries many American citizens.
NO, the employment market is not recovering!
What is the antidote?
1) Cut the payroll tax (FICA on your paycheck stub) to 5%.
2) Cut the capital gains tax to 10%.
3) Cut business taxes across the board.
This will allow many Americans to have more take home pay and allow businesses to invest in growth. John F. Kennedy once remarked, "A rising tide lifts all boats".
Agreed!
86- ledefensetech
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rhamson wrote:
I agree that there is always going to be people who skirt the law and there are plain simple lazy do nothings. But the total expenditure for the welfare system takes about 2% of the federal budget. It seems hardly a point worth discussing when you look at the big picture.
We already have bailed out the rich with TARP program and what did we get for our money? It hardly seems that investing in OUR future is a bad idea. I also am concerned with the way government manages our money but we need to get some sort of healthcare relief and the status quo saying just work harder doesn't make it when you consider the increased expenses looming.You're out of your mind. Welfare expenditures and other entitlement programs make up the bulk of the federal budget. Yes TARP is welfare too. Without that money those banks would have been out of business and good riddance.
- 72
- rhamson
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ledefensetech wrote:
rhamson wrote:
I agree that there is always going to be people who skirt the law and there are plain simple lazy do nothings. But the total expenditure for the welfare system takes about 2% of the federal budget. It seems hardly a point worth discussing when you look at the big picture.
We already have bailed out the rich with TARP program and what did we get for our money? It hardly seems that investing in OUR future is a bad idea. I also am concerned with the way government manages our money but we need to get some sort of healthcare relief and the status quo saying just work harder doesn't make it when you consider the increased expenses looming.You're out of your mind. Welfare expenditures and other entitlement programs make up the bulk of the federal budget. Yes TARP is welfare too. Without that money those banks would have been out of business and good riddance.
Based on your understanding I am. Your alarmest distortions do nothing to further the argument. Perhaps its your definitions of what entitlement programs are that fuel your refute of the facts. All my research and reading plus talking with economists in my area who work for private and public companies say that the focus on entitlement spending is futile. It is like squeezing blood from a rock. We just don't spend enough on their programs to warrant removal of the the good that they do.
Try looking at the military budget and the education budgets to find the fat. Go to local community hearings when there is an education budget review and see the turn out you get from teachers crying foul when they count the cut in their increase as a cut in their pay. The military demanding monies that they know they don't need but if refused will cut the following years allocation. I suggest you are out of your mind by distorting the facts and just no help in this argument. - sneakerchick
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thank God, recession is over.....i think now,it's a time of big boom
- 72
- rhamson
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sneakerchick wrote:
thank God, recession is over.....i think now,it's a time of big boom
LOL Wait a minute isn't it true because the news media told us so?
- 86
- ledefensetech
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rhamson wrote:
Based on your understanding I am. Your alarmest distortions do nothing to further the argument. Perhaps its your definitions of what entitlement programs are that fuel your refute of the facts. All my research and reading plus talking with economists in my area who work for private and public companies say that the focus on entitlement spending is futile. It is like squeezing blood from a rock. We just don't spend enough on their programs to warrant removal of the the good that they do.
Try looking at the military budget and the education budgets to find the fat. Go to local community hearings when there is an education budget review and see the turn out you get from teachers crying foul when they count the cut in their increase as a cut in their pay. The military demanding monies that they know they don't need but if refused will cut the following years allocation. I suggest you are out of your mind by distorting the facts and just no help in this argument.Oh your numbers work if you leave out Social Security, Medicare, etc. Hey I'm the first person to say get the federal government out of the schools. Also we need a better procurement system in the military. Don't expect our "representatives" to change the system though, it would muck up their bribery system. Still entitlement programs make up 55% of the budget. It looks like we can make most of our savings by looking there.
http://www.cbo.gov/ftpdocs/78xx/doc7851 … ending.pdf
http://www.gao.gov/new.items/d07497t.pdf
Looks like the CBO and the GAO are saying the same things. You really might want to check your assumptions at the door, rely less on ad hominem attacks and, you know, look at the facts instead of spewing unfounded propaganda. - Rosa Berger
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Well, the Dow Jones is over 10,000 now and that seems to be all that matters to the media. The abysmal figures on unemployment, children in poverty, etc. go unnoticed.
88- Cagsil
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Jobless rate now up to 10.2% and rising.
Link to the story.
http://www.cnbc.com/id/33714693
For anyone who wanted to know.- Rosa Berger
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Cagsil wrote:
Jobless rate now up to 10.2% and rising.
Link to the story.
http://www.cnbc.com/id/33714693
For anyone who wanted to know.The question is whether those who are in power to change things want to know.
kbschennai wrote:
The Last 18 months saw very few vacancies available in the engineering sector. The services sector was a big casualty .
But now, the India growth story is again gaining momentum. The Government's initiatives have proved worthwhile. Ambitious Infrastructure plans are being made and implemented. Huge spending is taking place to boost demand.
Now the world bank report suggests hat India has managed the recession better than most other nations. This was possible because we have an economist as the Prime Minister.
The Banking sector is witnessing improving demand for Loans.
So get prepared for the situation for head hunting sooner than later.
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