Elizabeth Warren Fights Back Against the "Magical Accounting" of Trickle-Down Economics

[Dad2three]

 

[Dad2three]

dear a customer can buy only after Republicans have supplied goods and sevices customers can afford.

It didn't do any good to be a customers for electricity in the stone age did it?

NOw do you see why we say liberalism is based in pure ignorance?

Electricity? Oh you mean the LIBERAL policy of electrifying America the conservatives fought? lol

dear it didn't do any good to be a customers for iphones in the stone age did it? A customer can only be a customers when Republicans have suppliled goods and services they can afford. Now even you can see the nature of economic development and how soviets stand against it.

stupid dumbto3 liberal losing debate turns to cartoons big letters and underlining!!

YOU'RE debating?? lol

 

[EdwardBaiamonte]

more cartoons from the idiot liberal

 

[EdwardBaiamonte]

dear a customer can buy only after Republicans have supplied goods and sevices customers can afford.

It didn't do any good to be a customers for electricity in the stone age did it?

NOw do you see why we say liberalism is based in pure ignorance?

Electricity? Oh you mean the LIBERAL policy of electrifying America the conservatives fought? lol

dear it didn't do any good to be a customers for iphones in the stone age did it? A customer can only be a customers when Republicans have suppliled goods and services they can afford. Now even you can see the nature of economic development and how soviets stand against it.

stupid dumbto3 liberal losing debate turns to cartoons big letters and underlining!!

YOU'RE debating?? lol

dear, you're free to address my points directly or panic and use cartoons like a 2 years old!!

 

[Wry Catcher]

Got it, you don't believe Dubya/Ronnie's supply side voodoo worked either lol

dear the supply of new inventions is how we got from the stone age to here. The more new inventions Republicans suppply the faster the world's standard of living increases. The more lib soviets interfere with this supply the slower the worlds standard of living increases.

Do you think its coincidental that massive regulation failed in USSR Red China East Germany and Cuba?

dear a customer can buy only after Republicans have supplied goods and sevices customers can afford.

It didn't do any good to be a customers for electricity in the stone age did it?

NOw do you see why we say liberalism is based in pure ignorance?

Are you smoking something? The current iteration of the Republikan Party is anti business. I think you need to put down the pipe and stop listening to the AM Dial, instead watch the feet of the Republikans, not their lips.

Why do I say the Republikans are anti business, simply because they refuse to raise the minimum wage, seek to have lower income earners pay more in taxes and are opposed labor unions which strive to provide better wages in concert with greater profits of select industries.

Thus millions of our citizens do not have sufficient income to purchase goods and services that are discretionary, and sometimes even necessary. Notwithstanding the RW Propaganda the parrots parrot all the time. we are a CONSUMER DRIVEN ECONOMY.

 

[EdwardBaiamonte]

Why do I say the Republikans are anti business, simply because they refuse to raise the minimum wage,

dear Republicans are capitalist and understand that the free market sets prices and wages
best.

As a liberal you lack the IQ to understand capitalism.

 

[EdwardBaiamonte]

we are a CONSUMER DRIVEN ECONOMY.

why do you say consumer driven more than seller driven??

See why we say the liberal will be slow?

 

[IlarMeilyr]

She keeps making points against "Trickle Down", gotta love Elizabeth Warren.

Elizabeth Warren Fights Back Against the Magical Accounting of Trickle-Down Economics Mother Jones

Elizabeth Warren says "America's middle class is in deep trouble." Although general economic indicators are on the rise, the Massachusetts senator argued in a speech Wednesday morning, pay has stagnated for all but the richest Americans—and trickle-down voodoo economics and loose Wall Street regulation are to blame. And although Warren has given every indication that she's happy to remain in the Senate and pass on liberals' hopes that she'll run for president in 2016, her speech—at an AFL-CIO conference on wages—had the tone of a presidential campaign barnstormer.

Warren kicked off her address by noting that the current economic recovery, while real, hasn't helped most Americans. The stock market's up, but half the country doesn't own any stocks. Inflation is low, but that doesn't matter for millennials burdened by overwhelming student debt. Corporate profits have risen, but that hardly matters to people who work at Walmart and are paid so little that they still need food stamps, Warren said.
<more>

this is the same imbecile who (like Obumbler has maintained) said THIS:

There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.

Such ^ vapid commentary raises an important question.

Why does anybody, even a drooling sycophant lolberal, take that Elizabeth Warren, the mutant dumbshit, seriously?

 

[francoHFW]

the top 1% pay 40% of all the personal federal income tax and 50% of state budgets in many states including NY and CA. This of course is just another soviet mess wherein we waste our seed corn or investment capital. A liberal will lack the IQ to understand.

link?

the illiterate liberal does not how to use google!!![/QUOTE]
It's total Pubcrappe, Pubtroll.

 

[Wry Catcher]

Gawd you're a moron.

"Clinton’s large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn’t counted."

The Budget and Deficit Under Clinton


BUDGET

$100 A YEAR COMING IN

$101 GOING OUT

Deficit of $1 , BUT if $10 of the money coming in was PAYROLL taxes to pay for SS let's say, you grew your debt by $11 dollars. Have a 5th grader explain it to you Bubba

BUDGET

$100 A YEAR COMING IN

$101 GOING OUT

Deficit of $1 , BUT if $10 of the money coming in was PAYROLL taxes to pay for SS let's say, you grew your debt by $11 dollars. Have a 5th grader explain it to you Bubba

In your simplistic example, $90 came in thru income, business, import taxes and fees, etc.
$10 came in thru payroll taxes.
Spending was $101.
Your debt increased by $1, because your spending was more than your income.
Get an unrelated 5th grader to explain it to you. Doofus.

And the $10 that went into the budget BUT actually bought US treasury bonds (debt)? lol

And the $10 that went into the budget BUT actually bought US treasury bonds (debt)? lol

Still hilarious that you somehow think the government doesn't spend the money they raise by selling Treasury bonds.

Do you think the proceeds of bonds are simply put in a mattress? What do you think should be the purpose of Treasury Bonds, municipal bonds and private sector bonds?

Do you think the proceeds of bonds are simply put in a mattress?

No I don't. I think the proceeds are spent. Sometimes on useful things. Sometimes on wasteful things.

And do you think bonds are intentionally spent on wasteful things? And if you do, do you believe it is always government who does so? And if so, why?

 

[EdwardBaiamonte]

the top 1% pay 40% of all the personal federal income tax and 50% of state budgets in many states including NY and CA. This of course is just another soviet mess wherein we waste our seed corn or investment capital. A liberal will lack the IQ to understand.

link?

the illiterate liberal does not how to use google!!!

It's total Pubcrappe, Pubtroll.[/QUOTE]

as an typical illiterate liberal you lack the IQ to find out so how would you know??

 

[EdwardBaiamonte]

And do you think bonds are intentionally spent on wasteful things? And if you do, do you believe it is always government who does so? And if so, why?

govt has no competition and pays no price for wasting other peoples money

 

[Wry Catcher]

She keeps making points against "Trickle Down", gotta love Elizabeth Warren.

Elizabeth Warren Fights Back Against the Magical Accounting of Trickle-Down Economics Mother Jones

Elizabeth Warren says "America's middle class is in deep trouble." Although general economic indicators are on the rise, the Massachusetts senator argued in a speech Wednesday morning, pay has stagnated for all but the richest Americans—and trickle-down voodoo economics and loose Wall Street regulation are to blame. And although Warren has given every indication that she's happy to remain in the Senate and pass on liberals' hopes that she'll run for president in 2016, her speech—at an AFL-CIO conference on wages—had the tone of a presidential campaign barnstormer.

Warren kicked off her address by noting that the current economic recovery, while real, hasn't helped most Americans. The stock market's up, but half the country doesn't own any stocks. Inflation is low, but that doesn't matter for millennials burdened by overwhelming student debt. Corporate profits have risen, but that hardly matters to people who work at Walmart and are paid so little that they still need food stamps, Warren said.
<more>

this is the same imbecile who (like Obumbler has maintained) said THIS:

There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.

Such ^ vapid commentary raises an important question.

Why does anybody, even a drooling sycophant lolberal, take that Elizabeth Warren, the mutant dumbshit, seriously?

Some take you seriously, and many, many, many more take her seriously than take you so. Most find you silly and trite. So trite it is not worth commenting on your ridiculous example.

 

[francoHFW]

EB- Jeebus what a Pubtroll waste of time...later much.

 

[EdwardBaiamonte]

She keeps making points against "Trickle Down", gotta love Elizabeth Warren.

Elizabeth Warren Fights Back Against the Magical Accounting of Trickle-Down Economics Mother Jones

Elizabeth Warren says "America's middle class is in deep trouble." Although general economic indicators are on the rise, the Massachusetts senator argued in a speech Wednesday morning, pay has stagnated for all but the richest Americans—and trickle-down voodoo economics and loose Wall Street regulation are to blame. And although Warren has given every indication that she's happy to remain in the Senate and pass on liberals' hopes that she'll run for president in 2016, her speech—at an AFL-CIO conference on wages—had the tone of a presidential campaign barnstormer.

Warren kicked off her address by noting that the current economic recovery, while real, hasn't helped most Americans. The stock market's up, but half the country doesn't own any stocks. Inflation is low, but that doesn't matter for millennials burdened by overwhelming student debt. Corporate profits have risen, but that hardly matters to people who work at Walmart and are paid so little that they still need food stamps, Warren said.
<more>

this is the same imbecile who (like Obumbler has maintained) said THIS:

There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.

Such ^ vapid commentary raises an important question.

Why does anybody, even a drooling sycophant lolberal, take that Elizabeth Warren, the mutant dumbshit, seriously?

Some take you seriously, and many, many, many more take her seriously than take you so. Most find you silly and trite. So trite it is not worth commenting on your ridiculous example.

dear can you defend what she said, or must you admit as a typical liberal you lack the IQ for it

 

[EdwardBaiamonte]

EB- Jeebus what a Pubtroll waste of time...later much.

translation: I lack the IQ to debate as a typical liberal

 

[Wry Catcher]

And do you think bonds are intentionally spent on wasteful things? And if you do, do you believe it is always government who does so? And if so, why?

govt has no competition and pays no price for wasting other peoples money

Well, moron, that's why we have elections and why GWB got chased out of town for spending trillions on the Iraq fisasco' and why the Democrats got chased out of town as a result of the PPACA.

Government is the people we put in power, and the people can and do make those people pay for wasting money. Sadly, the people with most of the money are able to convince the fools via propaganda on the media to continue to watch the lips of the POLS and not there feet.

 

[EdwardBaiamonte]

Well, moron, that's why we have elections

too stupid!! as if the people hold liberal bureaucrats as responsible in elections as shareholders and customers and competition do in the private sector.
Its beyond stupid!!

 

[IlarMeilyr]

She keeps making points against "Trickle Down", gotta love Elizabeth Warren.

Elizabeth Warren Fights Back Against the Magical Accounting of Trickle-Down Economics Mother Jones

Elizabeth Warren says "America's middle class is in deep trouble." Although general economic indicators are on the rise, the Massachusetts senator argued in a speech Wednesday morning, pay has stagnated for all but the richest Americans—and trickle-down voodoo economics and loose Wall Street regulation are to blame. And although Warren has given every indication that she's happy to remain in the Senate and pass on liberals' hopes that she'll run for president in 2016, her speech—at an AFL-CIO conference on wages—had the tone of a presidential campaign barnstormer.

Warren kicked off her address by noting that the current economic recovery, while real, hasn't helped most Americans. The stock market's up, but half the country doesn't own any stocks. Inflation is low, but that doesn't matter for millennials burdened by overwhelming student debt. Corporate profits have risen, but that hardly matters to people who work at Walmart and are paid so little that they still need food stamps, Warren said.
<more>

this is the same imbecile who (like Obumbler has maintained) said THIS:

There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.

Such ^ vapid commentary raises an important question.

Why does anybody, even a drooling sycophant lolberal, take that Elizabeth Warren, the mutant dumbshit, seriously?

Some take you seriously, and many, many, many more take her seriously than take you so. Most find you silly and trite. So trite it is not worth commenting on your ridiculous example.

Now THERE'S a "compelling argument," since many many more know her than know me, and there are lots of brain damaged modern American lolberals who lap up the pablum imbecility she spouts as though it was something of value.

And you are wrong and a moron in any event. Some dishrag lightweights such as you find me silly and trite. I will try real hard to give a shit about the opinions of assholes such as you. someday.

But the "ridiculous" example I offered were her own words.

You might want to pretend that you can defend that bullshit, but let's face facts. You couldn't even if you were smart.

And you aren't.

 

[Toddsterpatriot]

Sure, WHY did Reagan triple the debt and both Bushes double it then?

GHW Bush added less than a trillion to the deficit. How did that double it?
Liberal math?

"GHW Bush added less than a trillion to the deficit"

President George H.W. Bush.

Jan. 20, 1989*: $2,697,957, 000,000
Jan. 20, 1993 $4,188,092,107,183.60

Sorry, meant to say HWBush only added about 60% in his 4 years, where Reagan had tripled it and HW 's son, Dubya had doubled the debt. Mostly inheriting Ronnie's failed voodooo economics and failed S&L crisis where Ronnie ignored the regulator warnings!!!

YES, IN CON WORLD $1.5 TRILLION IS 'LESS THAN $1 TRILLION!!!

National Debt by President LBJ to Obama - TheStreet

YES, IN CON WORLD $1.5 TRILLION IS 'LESS THAN $1 TRILLION!!!

Historical Tables The White House

According to the White House, table 1.1, it was less than a trillion.
Maybe Obama altered the numbers? LOL!

Perhaps understand the difference of deficits versus debt Bubba? Deficits are ONLY the amounts the yearly budget needs to balance revenues in and payments out. Debt can increase WHEN EXCESS PAYMENTS FROM PAYROLL TAXES COME IN, BUT LEAVE SMALLER DEFICITS!

Excess payroll taxes ARE income to the budget, BUT ADDS INTRA GOV'T debt to the books!


lol

Perhaps understand the difference of deficits versus debt Bubba?

If you add the 4 years of deficits, you'll have the added debt after 4 years, Doofus.

Debt can increase WHEN EXCESS PAYMENTS FROM PAYROLL TAXES COME IN, BUT LEAVE SMALLER DEFICITS!

Of course, we're talking about gross debt. Just like your earlier chart.

Excess payroll taxes ARE income to the budget, BUT ADDS INTRA GOV'T debt to the books!

Of course. Do you imagine you've discovered something new? Maybe new to you. LOL!

"If you add the 4 years of deficits, you'll have the added debt after 4 years, Doofus."



REALLY? REALLY? lol. A deficit is ONLY the difference between what the Gov't spends and ALL monies coming in. Since Reagan increased SS taxes 60% the payroll taxes were HUGE and wiped out much of Ronnie's, Poppy's Clinton AND Dubya's DEFICITS, BUT STILL ADDED TO THE DEBT BECAUSE THEY BECAME INTRA GOV'T LOANS, LOL


GROW A BRAIN BUBBA

Since Reagan increased SS taxes 60%


Social Security History

The Social Security Administration says you're a liar.

OASDI rates went from 5.4% to 6.2%.