Notices
Current Events, News, Politics Keep the politics here.

Gov't spending per household now exceeds median income

Thread Tools
 
Search this Thread
 
Old Apr 17, 2013 | 11:49 AM
  #1  
JasonC SBB's Avatar
Thread Starter
Elite Member
 
Joined: Jul 2005
Posts: 6,420
Total Cats: 84
Default Gov't spending per household now exceeds median income

Pretty incredible. Average gov't spending per household is >$50k, median income <$50k.

Completely Predictable | Sumner Books
Old Apr 17, 2013 | 11:53 AM
  #2  
Braineack's Avatar
Boost Czar
iTrader: (62)
 
Joined: May 2005
Posts: 80,541
Total Cats: 4,364
From: Chantilly, VA
Default

They should just GIVE people a paycheck without requiring them to do any work.

Like, hey, you're an american citizen, here's $2000 a week. Enjoy freedom.

We will finally achieve nirvana in the entire existence of mankind.
Old Apr 17, 2013 | 12:04 PM
  #3  
hustler's Avatar
Tour de Franzia
iTrader: (6)
 
Joined: Jun 2006
Posts: 29,085
Total Cats: 375
From: Republic of Dallas
Default

Yesterday I got a liberal douche to proclaim:
He is educated, and for that reason dissenting arguments are invalid (without considering his audience)
He blamed rape on women for drinking
Stated that defenseless rape and victimization was a small price to pay for a gun-less society.

The dude is bat-**** crazy and he can't be the only one. Rather than debate, he chose to belittle me for my choice in sunglasses, clearly a parady picture. Then, I noticed that on his profile pic, he's wearing a nearly identical design, lol.

The moral of the story is that these idiots think this kind of **** is "progress" and we're in serious ******* trouble considering we have four more years of Hussein Obamadinijad.
Old Apr 17, 2013 | 01:16 PM
  #4  
Scrappy Jack's Avatar
Elite Member
iTrader: (2)
 
Joined: Sep 2008
Posts: 2,799
Total Cats: 179
From: Central Florida
Default

The author cites a bunch of data, comparing two discrete time periods with no context, then leaps to the following conclusion with no supporting commentary or evidence:

I calculated the total net government spending per household in 2010 for my new book, “Completely Predictable.” I think the number demonstrates how completely predictable the fiscal crisis our country faces has become.

A nation whose government spends per family more than the typical family earns is on the road to ruin.

Maybe you have to buy his book to figure out how that data leads to financial ruin and a fiscal crisis in the United States.
Old Apr 17, 2013 | 01:30 PM
  #5  
Braineack's Avatar
Boost Czar
iTrader: (62)
 
Joined: May 2005
Posts: 80,541
Total Cats: 4,364
From: Chantilly, VA
Default

well money isnt real, and the author assumes it is, so therfore he cant be correct in saying something is going to happen to something that isn't really real.
Old Apr 17, 2013 | 01:47 PM
  #6  
Braineack's Avatar
Boost Czar
iTrader: (62)
 
Joined: May 2005
Posts: 80,541
Total Cats: 4,364
From: Chantilly, VA
Default

Originally Posted by hustler
Yesterday I got a liberal douche to proclaim:
He is educated, and for that reason dissenting arguments are invalid (without considering his audience)
He blamed rape on women for drinking
Stated that defenseless rape and victimization was a small price to pay for a gun-less society.

The dude is bat-**** crazy and he can't be the only one. Rather than debate, he chose to belittle me for my choice in sunglasses, clearly a parady picture. Then, I noticed that on his profile pic, he's wearing a nearly identical design, lol.

The moral of the story is that these idiots think this kind of **** is "progress" and we're in serious ******* trouble considering we have four more years of Hussein Obamadinijad.
Let’s hope the Boston Marathon bomber is a white American - Salon.com

you need to change reality in order to promote cause.
Old Apr 17, 2013 | 01:54 PM
  #7  
Scrappy Jack's Avatar
Elite Member
iTrader: (2)
 
Joined: Sep 2008
Posts: 2,799
Total Cats: 179
From: Central Florida
Question

Maybe his analysis is based on the Reinhart & Rogoff 90% debt-to-GDP cliff?
Attached Thumbnails Gov't spending per household now exceeds median income-reinhart_rogoff_regression.jpg  
Old Apr 17, 2013 | 02:35 PM
  #8  
hustler's Avatar
Tour de Franzia
iTrader: (6)
 
Joined: Jun 2006
Posts: 29,085
Total Cats: 375
From: Republic of Dallas
Default

Originally Posted by Braineack
Let’s hope the Boston Marathon bomber is a white American - Salon.com

you need to change reality in order to promote cause.
Whenever I hear "white privilege" I sit back and listen because I know I'm about to hear about the joys of welcoming a culture so understanding of women's rights and religious freedom.
Old Apr 18, 2013 | 08:38 AM
  #9  
Braineack's Avatar
Boost Czar
iTrader: (62)
 
Joined: May 2005
Posts: 80,541
Total Cats: 4,364
From: Chantilly, VA
Default

Poverty Professionals And The Crony Capitalists Who Love Them

Federal welfare programs now account for one-sixth of the federal budget ($588 billion), a figure that does not even include unemployment benefits, Social Security, and Medicare, reports Bill Frezza of Forbes.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
eddy1128
Miata parts for sale/trade
8
Dec 10, 2015 05:34 PM
mtpratt32
Meet and Greet
3
Sep 24, 2015 09:42 PM
d k
Race Prep
44
Sep 15, 2015 10:59 AM
btabor
ECUs and Tuning
12
Sep 14, 2015 03:45 PM
D_Breezy
Meet and Greet
5
Sep 8, 2015 05:37 PM




All times are GMT -4. The time now is 05:19 AM.