United States runs 107 billion dollar budget deficit for the month of August (unemployment rate, fast food)

[lovecrowds]

U.S. runs $107 billion budget deficit in August, Treasury says - MarketWatch

Wow, it's amazing the budget deficits and this a time of near-record low unemployment rates and after all the jobs that have been added over the last several years.

I wonder with so many new jobs month after month why federal tax reciept's arent keeping pace.

One has to wonder what the deficit numbers will be like when the baby boomers start retiring at a much higher rate then today and when the next recession occurs.

Only 4 years of the 18 years of baby boomers are Medicare are full-social security retirement age currently.

[evilnewbie]

Low unemployment due to more low income jobs means you get zip in income taxes... These jobs don't generate money for the government when they pay near zero in taxes... Hillary isn't going to fix it by bribing voters to vote for that crook... The only way is to make more middle class into wealthy class and pull those in poverty to middle class... Higher minimum wage won't do crap for the economy... Democrat policies won't do crap either... Trump is an idiot but at least he is doing the right thing by moving poverty and middle class in the right direction with his companies... Obama failed Americans, his whole presidency was to make Americans dependent on the democrats instead of improving the lives of Americans...

[Jstarling]

How is Trump moving people in poverty "in the right direction with his companies"?

[tickyul]

Fiat-currency, debt/deficits don't matter.....USA has an endless supply of dollars.

[greywar]

Its almost like we should be collecting more taxes....you know, what people usually do when their nation goes to war and adds to their debt.

[MikMal]

I find it hard to believe this isn't front and center in the election campaigning. Every month it's the same thing; spend more then we're taking in. And there is no end in sight. We, as a nation, are barreling full steam ahead into bankruptcy and nary a peep from the rulers.

[Finn_Jarber]

Originally Posted by Jstarling

How is Trump moving people in poverty "in the right direction with his companies"?

He'll punch them in the face and tell them to go "F" themselves.

[middle-aged mom]

Originally Posted by evilnewbie

Low unemployment due to more low income jobs means you get zip in income taxes... These jobs don't generate money for the government when they pay near zero in taxes... Hillary isn't going to fix it by bribing voters to vote for that crook... The only way is to make more middle class into wealthy class and pull those in poverty to middle class... Higher minimum wage won't do crap for the economy... Democrat policies won't do crap either... Trump is an idiot but at least he is doing the right thing by moving poverty and middle class in the right direction with his companies... Obama failed Americans, his whole presidency was to make Americans dependent on the democrats instead of improving the lives of Americans...

All of Trump's ( and family) retail products are manufactured offshore, China, VietNam, Mexico, Thailand, India and Bangladesh where the average wage is .33/ hr.

Trump uses seasonal worker visas and claims he cannot find workers in season in Palm Beach. No issue importing foreign workers but won't recruit from communities adjacent to Palm Beach.

It is beyond me how a candidate running on a US jobs platform, chooses to not walk the talk.

Trump's future is offshore developments that have nothing to do with employing US masses. In Dubai, UAE , his company imports workers from India who live in deplorable isolation and make cents per hour for back breaking work. This is the way it goes in Dubai.

The Bush Admin declared a tax amnesty for US based multi nationals to encourage businesses to bring profits earned off shore back to the US with the intention that those companies would invest this money into R&D and create jobs. These multi nationals were not able to use repatriated monies to increase shareholder dividends.

Multinational response was lukewarm. Those that did participate tended to use repatriated cash to buy back stock and increase shareholder value. Those that participated shed hundreds of thousands of jobs, the opposite of intention.

Starbucks is on schedule to open 900 new stores this year. Most openings are in Asia, India and China.

60% of GE's profits are derived from offshore business.

I am not knocking these ventures. No reason for US business to limit the sale of their product to just 5% of the global population. These ventures do not however do much for US employment.

What I do hear from Trump is an intent to use federal money to create jobs , with a focus on Defense and Security. That he intends does not mean Congress is going to play ball and fund.

What I do hear from Trump is an intent to make it easier for US business to legally import foreign labor.

As far as wealth building goes, that's personal. The US people have historically been lousy savers compared to the rest of the developed world while enjoying a higher standard of living. People seem to prefer to blow their money on immediate gratification than save for a rainy day or retirement. Fancy coffees, lottery tickets, tats, big screen TVs, the latest I- phone, fast food, vacations they cannot afford, houses they cannot afford, cars they cannot afford and in and on. Whatever frugal living skills that were once embraced left the building 60 years ago.

I am not voting for either nominee.

[PedroMartinez]

Originally Posted by Finn_Jarber

He'll punch them in the face and tell them to go "F" themselves.

Whereas Hillary will poison their food and when the same poison is found at her house say it was left by the previous owners. When her credit card records the purchase of the poison, she say it was credit card fraud. Then when they find residue from the poison on her hands, she'll say she was killing rats at home. Once a person steps forward saying they saw her do it, she'll discredit that person and say that person hates women. When security camera footage surfaces showing her putting the poison in the food, she'll say it's a vast right wing conspiracy. Once her supporters are released from the hospital after recovering from the poison, they'll support her and say it was Fox News that poisoned them.

[Finn_Jarber]

Originally Posted by Finn_Jarber View Post
He'll punch them in the face and tell them to go "F" themselves.

Originally Posted by PedroMartinez

Whereas Hillary will poison their food and when the same poison is found at her house say it was left by the previous owners. When her credit card records the purchase of the poison, she say it was credit card fraud. Then when they find residue from the poison on her hands, she'll say she was killing rats at home. Once a person steps forward saying they saw her do it, she'll discredit that person and say that person hates women. When security camera footage surfaces showing her putting the poison in the food, she'll say it's a vast right wing conspiracy. Once her supporters are released from the hospital after recovering from the poison, they'll support her and say it was Fox News that poisoned them.

Cool story, but Trump has actually used the words I mentioned above.