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yes, when you show a lack of understanding of economics, you do need to explain what "forced austerity" means in the context it was so blithely claimed.
for any who don't understand, it says "How much of our national economic production does the government take?"
for most of Clinton & Bush2, we were able to keep it under 20%. It jumped for 2008 - 2012 to above ~22% even though by 2010 GDP was growing again. 22%+ hadn't been seen since the early 1980's. We've only been under 20% one year since - 2018
So yes, I'd like to know how spending a higher % of your GDP even as the economy grows is "forced austerity".
If you do a search, the word "unexpectedly" appears nearly weekly when unemployment claims are reported, because, well, the Media has to sell its stories to the public to make money.
They expected 350,000 claims and there were 373,000 which is a 6.5% increase over what was expected.
That's hardly a reason to get your bowels in an uproar. Maybe you could use an enema.
If you read the article it states there is a concern on the slowing economic recovery. S-L-O-W-I-N-G when it should be accelerating.
It slowed for one data point, the overall trend has been down. This could change in the future but looking at an increase from 371k -> 373k and declaring doom is just stupid.
It slowed for one data point, the overall trend has been down. This could change in the future but looking at an increase from 371k -> 373k and declaring doom is just stupid.
the unemployment rate has risen slightly 2x already under Biden
Trump set it up. He destroyed the concept of fiscal responsibility and, yes, it will bite us in the ass. Take your partisan blinders off and look at the deficits run during the Trump administration. We get to venezuela when both parties embrace Fiscal irresponsible policies.
I didn't see ya crying about deficits until Biden got in office. Your hypocrisy knows no bounds.
You need to wake up.
You have no idea what you're talking about. I've expressed my concerns about government handouts even when Trump was in office. You need to wake up or at least try to pay attention.
Religious circles teach Ameggedon at hand like for decades.
Consevative Conspiracy Theories do and seek a savior and tried with Donald J Trump. As one lives thru many MANY decades of change.... accept the unexpected.
- recessions
- bull and bear stock markets.
- regional wars the US gets involved in.
- presidents of one party and then the other
- ups and downs in energy cost by world affairs.
Just MATURE in knowledge and NOT be surprised.... The USA never stays the same. Has patriotc eras and eras if turmoil as we never fix past mistakes.
You have no idea what you're talking about. I've expressed my concerns about government handouts even when Trump was in office. You need to wake up or at least try to pay attention.
Where did you complain about the deficit?
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