US Finances and its Consequences for Social Policy and Military Spending

[Strannik]

1 minute ago, sunday said:

Already done.

Do you understand that it was in a context of inflation adjusted pricing/wages.  Not as in "fair pay" of "fair price"?  Poor sportsmanship on your side.

[Rick]

On 9/3/2023 at 8:42 AM, FALightFighter said:

What is the "magic sequence" that Clinton's economic advisor talked about in the mid-90s? Something like graduate high school, get married before having children, and have first child after age 20? I'll bet that the reduction in the percentage of adults that did those things nearly mirrors the the reduction in middle-class households. There are some cases where life just hands someone a basket of shit, but in many cases it is a direct result of freely undertaken personal choices.

Pretty sure that was Robert Reich that said your first two sentences. But it was about avoiding poverty.

 From the U.S. Census Bureau the poverty rate for single parents with children in the United States in 2008 was 36.5 percent. The rate for married couples with children was 6.4 percent.
President Lyndon Johnson launched the War on Poverty in 1964 6 percent of children were born out of wedlock. In 2008, 40.6 percent of all children born in the U.S. were born out of wedlock.
A 2019 finding found that 7% married black couples are in poverty and that 22% white single parents are in poverty.

[sunday]

13 hours ago, Ivanhoe said:

Bullshit. Price in real terms is independent of worker productivity. 

 

 

3 hours ago, Strannik said:

You are expecting a worker to be paid independent of their productivity growth  but them to pay for goods and services the adjusted price?

 

4 minutes ago, Strannik said:

Do you understand that it was in a context of inflation adjusted pricing/wages.  Not as in "fair pay" of "fair price"?  Poor sportsmanship on your side.

Does not look like that.

[Strannik]

10 minutes ago, sunday said:

 

 

Does not look like that.

The original claim was that we can not take the cars/houses as 1:1 (1970:2023) as they became more complex.  My retort was that workers became more productive as well, so how do we account for that?  To which   @Ivanhoe came up with his non-sequitur.

If you don't get it, feel free to consider that you won this little argument.   Dixi.

Edited September 4, 2023 by Strannik

[sunday]

4 minutes ago, Strannik said:

The original claim was that we can not take the cars/houses as 1:1 (1970:2023) as they became more complex.  My retort was that workers became more productive as well, so how do we account for that?  To which   @Ivanhoe came up with his non-sequitur.

If you don't get it, feel free to consider that you won this little argument.   Dixi.

Still, productivity and market price are not directly related. Ask sweatshop workers manufacturing high end sneakers in Vietnam or the Chinese laborers making iphones.

[Strannik]

8 minutes ago, sunday said:

Still, productivity and market price are not directly related. Ask sweatshop workers manufacturing high end sneakers in Vietnam or the Chinese laborers making iphones.

Make a coherent argument in the context of the initial post if you want a serious conversation..

[sunday]

On 4/29/2023 at 10:37 PM, Strannik said:

US Debt: the History (currently:  $31.4 trillions)

 

23 minutes ago, Strannik said:

Make a coherent argument in the context of the initial post if you want a serious conversation..

The initial post looks fine. It is a beautiful post. I would even say it is the best initial post ever.

Is that coherent enough?

[Strannik]

On 9/2/2023 at 11:37 AM, Strannik said:

US 1970-2023:

The avg home price has risen 20x

The avg cost for bachelor degree has risen 18x

The avg new car price rose 16x

The avg gasoline price rose 11x

Yet nominal avg income has only risen ~6x

Hence credit and debt dramatic rise and now very little leeway left.

 

26 minutes ago, sunday said:

 

The initial post looks fine. It is a beautiful post. I would even say it is the best initial post ever.

Is that coherent enough?

Initial post of this kerfuffle which you felt like getting into with little understanding - see above.

[sunday]

3 minutes ago, Strannik said:

Initial post of this kerfuffle which you felt like getting into with little understanding - see above.

Sorry, but being in the receiving end of so much ineffectual bossing around is beginning to be tiresome.

Edited September 4, 2023 by sunday

[Strannik]

On 9/3/2023 at 11:16 AM, Ivanhoe said:

Houses have become bigger and more complicated, with more spendy appliances; but on average, on much smaller plots. 

Can't really compare average new car prices directly; the average new car has more electronics, actuators, etc. than an Apollo capsule. 

 

@sunday a hint for you if you want to build on ^^ argument - gasoline of today is not the same as of 1970 - it contains ethanol! 

And bachelor degree is also so more advanced - it contains subjects such as gender studies, so surely can't really compare!

Don't give up now!

Edited September 4, 2023 by Strannik

[sunday]

More bossing, this time with barely related or significant details. And you forgot tetraethyl lead.

Sorry, but I am afraid my arguments will never be at the level you require of others.

[Strannik]

21 minutes ago, sunday said:

More bossing, this time with barely related or significant details. And you forgot tetraethyl lead.

Sorry, but I am afraid my arguments will never be at the level you require of others.

See, you can do it.  Don't be a poor sport, prove your point and btw what is your point in this context 😁? 

[urbanoid]

1 hour ago, sunday said:

The initial post looks fine. It is a beautiful post. I would even say it is the best initial post ever.

Not imagining that sentence spoken in Donald Trump's voice should be a criminal offense.

[sunday]

39 minutes ago, urbanoid said:

Not imagining that sentence spoken in Donald Trump's voice should be a criminal offense.

Should be, should be.  🍊👱‍♂️

[Strannik]

Debt interest is ~ $1 trln now and is on target to reach $1.25 trlns at the end of 2024

 

 

[futon]

7 hours ago, Strannik said:

Ah, so you are talking about PPP?  But using now a restaurant meal as a marker?

Well, first you are wrong even in this very one sided (only compares cost of food and labor/service) - US diner (low quality) meal will be $20 now.  In Russia and Japan and SK it's very close: $6.22/6.84.  I can't  vouch for SK/Japan but US and RU pricing are pretty on point.

https://www.numbeo.com22 -6.84/cost-of-living/country_price_rankings?itemId=1

The rest of your thoughts are so poorly organized and explained that I cannot comment further.

 

 

The resturant example was to only basically show how 1 USD generally relates to yen and won. The original post I responded to that you wrote seem to have been confused about in what standing has 100 yen equals 1 USD with to what what standing 90 Ruble equals 1 USD. https://www.tanknet.org/index.php?/topic/48142-us-finances-and-its-consequences-for-social-policy-and-military-spending/&do=findComment&comment=1697335

90 ruble is much weaker than 100 yen, still much weaker than 145 yen. But you actually knew that already and just playing a troll's game.  

Edited September 4, 2023 by futon

[Strannik]

57 minutes ago, futon said:

90 ruble is much weaker than 100 yen, still much weaker than 145 yen. But you actually knew that already and just playing a troll's game.  

Thank you for confirming that you don't know what you are talking about.

Edited September 4, 2023 by Strannik

[futon]

16 hours ago, Josh said:

And two hundred times the ruble. Certainly I agree that the US should stop producing pennies.

Indeed, that the ruble has reached a new level of weakness, far weaker than the yen or won. 

Edited September 4, 2023 by futon

[futon]

The yen can buy more ruble today than even the period 20 years ago.

[futon]

Despite Japan's lost decade and all the bluster about stagnant Japan, the energy and nuclear superpower still has a weaker currency. It garners an apparant need for a troll to try and mask it. If not, the troll doesn't know thst it is not even wanted.

[futon]

If Japan had all that land and natural resources equivelent to today's Russia, a 10 trillion USD economy woukd be easy to do. Russia couldn't achieve half. Abd Russia still felt a need to get Ukraine and to so in a dumb way. Oh, fancy Putin judo made a slick underside move to get Kyiv. Oops, didn't work. Gotta try the steroids now and push harder. Judo is about leverage, not plain stronk muscle, Putin must have forgotten. What leverage left? Try to focus remaining lrveragr on a PRC buttress. Oops, slipped again, and now the ruble is garbage. How in the world is the ruble going to recover to the point prior 2014 now? Get out of all of Ukraine might be a start. 

[futon]

Keep trolling keep trolling. It may not help Russia but it might help a Russia stronk sentiment at least. 

[Strannik]

4 minutes ago, futon said:

If Japan had all that land and natural resources equivelent to today's Russia, a 10 trillion USD economy woukd be easy to do. Russia couldn't achieve half. Abd Russia still felt a need to get Ukraine and to so in a dumb way. Oh, fancy Putin judo made a slick underside move to get Kyiv. Oops, didn't work. Gotta try the steroids now and push harder. Judo is about leverage, not plain stronk muscle, Putin must have forgotten. What leverage left? Try to focus remaining lrveragr on a PRC buttress. Oops, slipped again, and now the ruble is garbage. How in the world is the ruble going to recover to the point prior 2014 now? Get out of all of Ukraine might be a start. 

What a meltdown.

[futon]

A Balkanized Russia starts looking good when the trolls take over.

[Strannik]

10 minutes ago, futon said:

A Balkanized Russia starts looking good when the trolls take over.

Nippon mon Amour  🤩