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If U3 doesn't suit you, you can google up U6 in about 10 seconds. These definitions have been in place for a generation- through both Dem and Repub admins. The 'lamestream ' media has focused almost exclusively on U3 regardless of who is in the whitehouse.
The only people hiding anything are right-wing demagogues claiming some kind of cover-up is going on... when the only barrier to said information (U6) is a simple google search.
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,461,442 times
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Quote:
Originally Posted by turkey-head
Good lord people.
If U3 doesn't suit you, you can google up U6 in about 10 seconds. These definitions have been in place for a generation- through both Dem and Repub admins. The 'lamestream ' media has focused almost exclusively on U3 regardless of who is in the whitehouse.
The only people hiding anything are right-wing demagogues claiming some kind of cover-up is going on... when the only barrier to said information (U6) is a simple google search.
That's probably because it's easier to complain that Obama isn't doing "enough", than defending a GOP Congress that ain't been doing squat (much less helping the economy)!
Obama world is one of mathematical theory supported by the media.
his latest speech concludes promise and wonder, however, it is all based in theoretical economics and logic born of fantasy. This will hapen if in the future all these conditions I assumed are met.
Obama is like a little kid telling you when he grows up he is going to be be rich and buy his daddy a corvette and mommy a palace on the top of a hill. Naieve fantasy world validated by the media fails to approach reality.
Not unlike the numbers games the administration played with Obamacare costs/savings, debt projections, etc. Don't believe it? Just ask Gruber. Oh I just remembered -- we can't believe him either.
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force
Depends on how Congress wishes to reduce the deficit in hopes of creating a surplus to help pay down the debt. The realistic thing to do is cut spending and raise taxes to help pay down the debt.
Was there any time in the American history when raising taxes led to debt reduction?
And if you can explain how the next Democratic president will pay back $20,000,000,000,000, she'll get my vote. Or she'll stay Obama's course of improving economy by enslaving the next generations?
Maybe you should explain how debt will enslave the next generation. Will they have to put their money in a time capsule and send it back to the past to pay their debts? Or will the next generation owe money to itself, just like every generation does (because nobody borrows money with a time machine)?
I mean, saying there will be too much debt in the future is one thing (although that's arguable itself), but arguing that one generation of the public will collectively owe money to another generation is just flat-out incorrect.
Edit: Shame on anyone expecting any single metric to completely explain all of society's ills. Try appreciating nuance.
Yes, that's precisely what happened after WWII. Please look it up and educate yourself on the matter.
This is the graph I have:
The only debt reduction I see is 1947, but according to the graph below, the tax rate actually went down that year. The debt increased ever since, even though the tax rate in 1950 went up again.
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I just remembered -- we can't believe him either. 
