GoldenBoy89
We're Still Here
- Sep 25, 2012
- 26,243
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- United States
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- Male
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- Humanist
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- Single
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- US-Democrat
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Which country currently has a stronger economy than the US?I've got a bridge to moon I'm willing to try to sell to anyone who believes that the American economy is in excellent shape.
Debt to GDP anyway.There is not a politician anywhere who has been able to lower the national debt. No body, that I know of, in government is willing to do what it takes to lower our national debt. If there are some in government actually willing to do whatever it takes to lower our $33 trillion dollar national debt, then please tell me who they are.
Certainly the Democrats in Congress and other Democrats should share the blame. Too much time is being spent on image. For example, rather than make helpful economic changes the administration is working with TikTok to sell the story to young voters and potential voters that Joe has saved our economy and America is doing quite well. On the international front Joe has not held foreign countries to equitable and fair trade deals (or global warming standards) and has allowed foreign countries to send their criminals and those not interested in American values to the U.S., which has created a huge economic burden. So too the money pumped into EVs and charging systems and solar power before the technology was economically viable has been a disaster. What is Joe working on? Trying to get around the Supreme Court ruling and pay off student loans. While this might help White House and Congressional staffers it takes the money from hard working taxpayers and re-distributes it to a group Joe favors. It only creates a bigger tax burden.The article just makes the categorical statement that this is Biden's fault. The only specific policies mentioned are those just announced, which cannot have had an effect yet, since they have not yet been implemented, and there's no discussion of how "Bidenomics" has increased the prices of basic goods, just assertions that it is responsible.
If it's so obvious, you should be able to point to specific changes that have been implemented since January of 2021 and find economic analysis on how those changes have negatively affected the economy.
According to the Heritage Foundation? Shocking.Index of Economic Freedom: All Country Scores | The Heritage Foundation
Explore the Index of Economic Freedom to gauge global impacts of liberty and free markets. Discover the powerful link between economic freedom and progress. The 31st edition, once again, illustrates key factors shaping our world's landscape. From @Heritagewww.heritage.org
The United States ranks 25th in economic freedom.
Personally I'd rather see us ranked high on a list which focuses on the economic freedom enjoyed by working and middle class folks rather than worrying more about whenever billionaires can afford tender yachts to service their mega yachts.Where would you prefer for the United States to be ranked in economic freedom?
I agree. A worker should be able to decide whether to join a union or not, and not have to pay union dues if the person does not join. If you have a successful restaurant where you cook with a gas stove you should be allowed to continue to use that gas stove. You should be able to start a small business and expect the government to provide some basic protection from crime. Small businesses are pleading with Democrats to change the bail reform laws and put robbers and shoplifters in jail. So too the lower and middle class should be able to attend a prestigious school of their choice without bias toward race. Workers in industries, whether it be those who work in the oil industry or automotive industry, should not lose their jobs just because a president pushes woke policies. So too kids, particularly in lower income areas, are not being provided the education they need to succeed because of the lack of enforcement of disipline.Personally I'd rather see us ranked high on a list which focuses on the economic freedom enjoyed by working and middle class folks rather than worrying more about whenever billionaires can afford tender yachts to service their mega yachts.
Biden has managed to get inflation back to the point it was at during a pandemic?The misinformation posted is no longer working.
US inflation hits its lowest point since early 2021 as prices ease for gas, groceries and used cars
US inflation hits its lowest point since early 2021 as prices ease for gas, groceries and used cars
The inflation figure the government reported was down sharply from a 4% annual rate in May, though still above the Fed’s 2% target rate.apnews.com
Such as the inflation reduction act which is really just a green energy bill and we still don’t know exactly how much it will costBiden’s policies include increasing the amount of regulations and taxes upon business thus raising the costs of doing business. Biden’s policies include spending trillions upon trillions of dollars that we don't have thus devaluing the dollar which means higher inflation.
Debt to GDP anyway.
And credit to congress of that era as well.
I'm not sure if you really understand the economic freedom ratings from the Heritage Foundation.Personally I'd rather see us ranked high on a list which focuses on the economic freedom enjoyed by working and middle class folks rather than worrying more about whenever billionaires can afford tender yachts to service their mega yachts.
Such as the inflation reduction act which is really just a green energy bill and we still don’t know exactly how much it will cost
I'm not sure if you really understand the economic freedom ratings from the Heritage Foundation.
And that’s just for people getting public assistance and SNAP.I think "the basics" have changed. It used to be a mortgage, utilities, taxes, phone bill, possibly a car payment (if you can afford it), and insurance.
Nowadays it means high-speed internet, a house phone, and a smartphone for every household member, utilities and insurance for a house, multiple under 25 drivers Tablets, laptops and/or PCs for every household member. Eating fast food half the time, Amazon gadgets, Prime, Netflix, Disney Plus, cable TV or satellite, new clothes every year. A car payment for everyone in the house old enough to drive, insurance, and Vegan or organic food that is locally sourced.
Of course, the price of living has gone up from just having rent/mortgage, light bill, and insurance for dad's car and the house/apartment/condo.
I have to give Clinton credit, when he said the era of big government is over he practiced what he preached.The Clinton administration actually managed a net reduction in the dollar value of the US debt too - cutting about $300 billion from it between 1999 and 2001, and lowering debt to GDP ratio from 66% to 55% by the end of Clinton's time in office.
The Obama administration managed to reduce the debt to GDP ratio twice in its final term, although it only gets partial credit for FY2017. While it set the budget for the year, most of the reduction occurred in the first months of the Trump administration.
Bear this in mind as well - about 25% of the US debt is intra-governmental debt. This is basically money owed by one branch of government to another (or obligations, like with Social Security). Another 15% of US debt is held by the Federal Reserve. That's doubled since 2020 (thanks to stimulus efforts in the form of buying Treasury securities) but with quantitative tightening, that is due to be cut in half by the end of 2025.
The majority of retirees would disagree when it comes to Medicare.This is a different topic than the one for this thread. However, you might trust the government to run the nation's health care system. But, I know for a fact that I will never trust the USA government to run the nation's health care system..... no matter who is in charge of our government.
I wish that the republicans complaining about Biden would actually put a candidate who could fix the problems. Instead, they keep looking to a guy who raised the national debt by 7.8 trillion dollars IN ONLY FOUR YEARS, and claim he will come back and fix it.
I drilled down into the scores and the US got a 0 for its fiscal situation, which I assume is largely dependent on the debt to gdp ratio (though they didn’t explain it clearly). What they also didn’t explain was how that impacts my “freedom” rather than it merely being something they don’t like.I'm not sure if you really understand the economic freedom ratings from the Heritage Foundation.
I have to give Clinton credit, when he said the era of big government is over he practiced what he preached.
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