My generation is being screwed by the selfish wealthy, as if there arent enough obstacles to maintain a steady personal economic gain in this economy!
I'm 23 and will never see Social Security money. Nor do i want to.
I will not accept slave wages!
Social Security is a good example of a government program that works. I suppose that is why the right wants to destroy it.
According to the numbers the payouts will begin to exceed revenue around 2018. At that time we will be able to draw on the previous surplus which will get us to 2052. After 2052 revenue will cover about 80% of the promised benefits. Then to continue into the next century without changing benefits we need to increase revenue equal to 0.54% of GDP or less then 3% of federal spending. This is equal to the revenue lost due to Bush's tax cuts on people making more than $500,000 yearly. Some tweaking needed for sure, but not difficult to save. Don't buy into the alarmists.
Social Security is a good example of a government program that works. I suppose that is why the right wants to destroy it.
According to the numbers the payouts will begin to exceed revenue around 2018. At that time we will be able to draw on the previous surplus which will get us to 2052. And these numbers are based on a slow growing economy. After 2052 revenue will cover about 80% of the promised benefits. Then to continue into the next century without changing benefits we need to increase revenue equal to 0.54% of GDP or less then 3% of federal spending. This is equal to the revenue lost due to Bush's tax cuts on people making more than $500,000 yearly. Some tweaking needed for sure, but not difficult to save. Don't buy into the alarmists.
your missing human aspects.
oh and in 2018..thats the year it will go bankrupt...maybe 2020.
our economy doesnt really grow...it gets larger as a bigger market arises and more people are born. It's very balanced and under control, to avoid a crash.
which is solid..it should never crash again.
but to say its growing doesnt mean its better than yesterday..just means its not shrinking. ( does that make sense? hard to explain. )
theres more people, more people making shitty wages, more people making ridiculous wages..more people in the middle. and its still been on the decline since the program started.
Social Security is a good example of a government program that works. I suppose that is why the right wants to destroy it.
According to the numbers the payouts will begin to exceed revenue around 2018. At that time we will be able to draw on the previous surplus which will get us to 2052. And these numbers are based on a slow growing economy. After 2052 revenue will cover about 80% of the promised benefits. Then to continue into the next century without changing benefits we need to increase revenue equal to 0.54% of GDP or less then 3% of federal spending. This is equal to the revenue lost due to Bush's tax cuts on people making more than $500,000 yearly. Some tweaking needed for sure, but not difficult to save. Don't buy into the alarmists.
Of course, that surplus you speak of consists of a gigantic pile of IOU's from the government. Where is the money coming from to pay it back?
Of course, that surplus you speak of consists of a gigantic pile of IOU's from the government. Where is the money coming from to pay it back?
Social Security has its own dedicated tax. And it has been run responsibly. It is the rest of government that has not. If the Social Security surplus has been spent in Iraq why is that a Social Security crisis?
Social Security has its own dedicated tax. And it has been run responsibly. It is the rest of government that has not. If the Social Security surplus has been spent in Iraq why is that a Social Security crisis?
you are aware the output of money exceeds the input..
economy?ECONOMY?what economy we are in a debt that we will never get out of and this country is a super power NO MORE,when people embrace truth and fact you will see this,for now most love delusion and denial.see when the politicians started exporting our manufacturing that was the death blow to this country.we are third world status now but CNN/fox/ABC/NBC says it's OK so "go back to sleep"
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot". Mark Twain
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
economy?ECONOMY?what economy we are in a debt that we will never get out of and this country is a super power NO MORE,when people embrace truth and fact you will see this,for now most love delusion and denial.see when the politicians started exporting our manufacturing that was the death blow to this country.we are third world status now but CNN/fox/ABC/NBC says it's OK so "go back to sleep"
economy?ECONOMY?what economy we are in a debt that we will never get out of and this country is a super power NO MORE,when people embrace truth and fact you will see this,for now most love delusion and denial.see when the politicians started exporting our manufacturing that was the death blow to this country.we are third world status now but CNN/fox/ABC/NBC says it's OK so "go back to sleep"
Hehe..."third world status".
Tell me, when's the next aid shipment arriving in Beantown?
i dont think we are third world yet..but it isn't out of the question. you cannot spend 3 decades at war and at the same improve culturally and improve in technology. What does America Produce.. exactly... we cannot stay at war forever.
economy?ECONOMY?what economy we are in a debt that we will never get out of and this country is a super power NO MORE,when people embrace truth and fact you will see this,for now most love delusion and denial.see when the politicians started exporting our manufacturing that was the death blow to this country.we are third world status now but CNN/fox/ABC/NBC says it's OK so "go back to sleep"
Tell me, when's the next aid shipment arriving in Beantown?
you think that shits funny,look up the definition of "third world country"moron.
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot". Mark Twain
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
The only thing that bothers me is the waste of it all. They take all that money from my paycheck and supplement it from my employer and the return is terrible! At this point, they'd be better off taking it to the casino.
If they kept every penny I've contributed and just began letting me keep HALF of what they're taking from this point FORWARD, I'd be in much better shape.
I don't understand why it's even an issue. It should be done away with immediately and it should be obvious.
The only people we should try to get even with...
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
i dont think we are third world yet..but it isn't out of the question. you cannot spend 3 decades at war and at the same improve culturally and improve in technology. What does America Produce.. exactly... we cannot stay at war forever.
have you lost your mind too? do you even know what a "third world country" is?
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot". Mark Twain
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
You talk about our "debt we'll never get out of". A single half year's GDP in this country could take care of the entire debt. In your "third world", no such thing is possible.
You speak of "delusion and denial", but you're the one who's primarily delusional and in denial as you type out "third world" on a computer in a house with a full stomach covered by clothing.
Why don't you go visit a third world nation, my friend. Then we'll talk about words like "moron".
You talk about our "debt we'll never get out of". A single half year's GDP in this country could take care of the entire debt. In your "third world", no such thing is possible.
You speak of "delusion and denial", but you're the one who's primarily delusional and in denial as you type out "third world" on a computer in a house with a full stomach covered by clothing.
Why don't you go visit a third world nation, my friend. Then we'll talk about words like "moron".
US productivity growth lowest for a decade
Chris Giles
Financial Times
Tuesday, January 23, 2007
The US economy last year recorded its lowest rate of labour productivity growth in more than a decade, with growth in output per hour worked falling behind the EU and Japan. The fall casts further doubt on the ability of the Federal Reserve to cut interest rates as the US economy slows.
Research to be published on Tuesday by the Conference Board, the international business organisation, shows that US labour productivity in the whole economy grew by 1.4 per cent in 2006 as slower economic growth was combined with a rapid rise in employment.
Gail Fosler, the chief economist of the Conference Board, told the Financial Times that the fall in productivity growth was unlikely to be cyclical and the result of weaker gains in services' industries, raising "concerns about the long-lasting productivity impact of information and communications technology".
If weak productivity growth continues, she said, "even in a slow growth environment, the US economy will be performing close to its potential", restricting the Fed's ability to cut interest rates.
Better economic figures released this year, alongside emerging signs of a slowdown in US economic potential, has led to tumbling market expectations of a rate cut in recent weeks. Investors now believe that there is only about a 10 per cent chance of a reduction in official interest rates by the May meeting of the Fed's interest rate-setting committee, according to the Federal Reserve Bank of Cleveland.
The US slowdown in whole economy productivity growth over the past three years - to a rate half that in 2002 and 2003 - contrasts with rising productivity growth in Japan, on the back of a surge in manufacturing exports on the Conference Board's internationally comparable figures.
Japan's labour productivity grew by 2.5 per cent in 2006 as manufacturing companies took advantage of new demand from China in addition to its traditional export destinations.
Europe improved its productivity performance considerably last year as it enjoyed its first year of strong economic growth since 2000. However, the improvement in Nordic countries and Germany masked continued weakness in southern Europe, where growth was generated by surging employment rather than an improvement in the efficiency of the economies of Spain, Italy and Portugal.
The Conference Board recorded that productivity growth remained extremely high in emerging countries of China, India and Eastern Europe, as inefficient companies fell away and huge numbers of workers moved from relatively inefficient sectors such as agriculture to manufacturing.
China recorded 9.5 per cent productivity growth in 2006, while India achieved 6.9 per cent and the 12 new EU member states achieved 4.1 per cent growth.
this is the trend,the slippery slope we are now on,we also import more food than we make now.hey dumb-ass don't you know wallstreet and the stock market are frauds and do not reflect our true state.guess you'll just have to wake up one day and have it slam you in the face.(the truth)
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot". Mark Twain
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
oh and third world means out of the global economic loop,not dirt roads,mud huts and chicken raising or lack of clothing.
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot". Mark Twain
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
Chris Giles
Financial Times
Tuesday, January 23, 2007
The US economy last year recorded its lowest rate of labour productivity growth in more than a decade, with growth in output per hour worked falling behind the EU and Japan. The fall casts further doubt on the ability of the Federal Reserve to cut interest rates as the US economy slows.
Research to be published on Tuesday by the Conference Board, the international business organisation, shows that US labour productivity in the whole economy grew by 1.4 per cent in 2006 as slower economic growth was combined with a rapid rise in employment.
Gail Fosler, the chief economist of the Conference Board, told the Financial Times that the fall in productivity growth was unlikely to be cyclical and the result of weaker gains in services' industries, raising "concerns about the long-lasting productivity impact of information and communications technology".
If weak productivity growth continues, she said, "even in a slow growth environment, the US economy will be performing close to its potential", restricting the Fed's ability to cut interest rates.
Better economic figures released this year, alongside emerging signs of a slowdown in US economic potential, has led to tumbling market expectations of a rate cut in recent weeks. Investors now believe that there is only about a 10 per cent chance of a reduction in official interest rates by the May meeting of the Fed's interest rate-setting committee, according to the Federal Reserve Bank of Cleveland.
The US slowdown in whole economy productivity growth over the past three years - to a rate half that in 2002 and 2003 - contrasts with rising productivity growth in Japan, on the back of a surge in manufacturing exports on the Conference Board's internationally comparable figures.
Japan's labour productivity grew by 2.5 per cent in 2006 as manufacturing companies took advantage of new demand from China in addition to its traditional export destinations.
Europe improved its productivity performance considerably last year as it enjoyed its first year of strong economic growth since 2000. However, the improvement in Nordic countries and Germany masked continued weakness in southern Europe, where growth was generated by surging employment rather than an improvement in the efficiency of the economies of Spain, Italy and Portugal.
The Conference Board recorded that productivity growth remained extremely high in emerging countries of China, India and Eastern Europe, as inefficient companies fell away and huge numbers of workers moved from relatively inefficient sectors such as agriculture to manufacturing.
China recorded 9.5 per cent productivity growth in 2006, while India achieved 6.9 per cent and the 12 new EU member states achieved 4.1 per cent growth.
Hehe...this is all you got? One year of slowing growth? Comparing that slow growth to emerging economies that should be seeing larger growth as they overcome previous inadequacies? Yeah, third world here we come.
Now, look at 1991, a year comparable to 2006. How come we weren't third world in 1992?
this is the trend,the slippery slope we are now on,we also import more food than we make now.hey dumb-ass don't you know wallstreet and the stock market are frauds and do not reflect our true state.guess you'll just have to wake up one day and have it slam you in the face.(the truth)
Comments
thats because you seem like the type that doesn't care until something bad happens to you.
those people in that room last night are scared, because an outburst means their stupid career is over.
that is shocking and sad.
http://www.rdanderson.com/macgyver/macgyver.htm
Social Security is a good example of a government program that works. I suppose that is why the right wants to destroy it.
According to the numbers the payouts will begin to exceed revenue around 2018. At that time we will be able to draw on the previous surplus which will get us to 2052. After 2052 revenue will cover about 80% of the promised benefits. Then to continue into the next century without changing benefits we need to increase revenue equal to 0.54% of GDP or less then 3% of federal spending. This is equal to the revenue lost due to Bush's tax cuts on people making more than $500,000 yearly. Some tweaking needed for sure, but not difficult to save. Don't buy into the alarmists.
your missing human aspects.
oh and in 2018..thats the year it will go bankrupt...maybe 2020.
our economy doesnt really grow...it gets larger as a bigger market arises and more people are born. It's very balanced and under control, to avoid a crash.
which is solid..it should never crash again.
but to say its growing doesnt mean its better than yesterday..just means its not shrinking. ( does that make sense? hard to explain. )
theres more people, more people making shitty wages, more people making ridiculous wages..more people in the middle. and its still been on the decline since the program started.
oh and the big factor is...we are living longer.
Social Security has its own dedicated tax. And it has been run responsibly. It is the rest of government that has not. If the Social Security surplus has been spent in Iraq why is that a Social Security crisis?
you are aware the output of money exceeds the input..
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
Hehe..."third world status".
Tell me, when's the next aid shipment arriving in Beantown?
And the rich shouldnt be heavily taxed to support the poor.
you think that shits funny,look up the definition of "third world country"moron.
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
The only thing that bothers me is the waste of it all. They take all that money from my paycheck and supplement it from my employer and the return is terrible! At this point, they'd be better off taking it to the casino.
If they kept every penny I've contributed and just began letting me keep HALF of what they're taking from this point FORWARD, I'd be in much better shape.
I don't understand why it's even an issue. It should be done away with immediately and it should be obvious.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
lol....the poor support the rich.
this is social security.
what rock you live under?
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
Ok.
http://en.wikipedia.org/wiki/Third_World
Now, how do you back any of your statements up?
You talk about our "debt we'll never get out of". A single half year's GDP in this country could take care of the entire debt. In your "third world", no such thing is possible.
You speak of "delusion and denial", but you're the one who's primarily delusional and in denial as you type out "third world" on a computer in a house with a full stomach covered by clothing.
Why don't you go visit a third world nation, my friend. Then we'll talk about words like "moron".
I can see why you are alarmed.
No, that will happen around 2018. But our previous surplus then will last until 2052 at which time input will still be at least 80% of output.
US productivity growth lowest for a decade
Chris Giles
Financial Times
Tuesday, January 23, 2007
The US economy last year recorded its lowest rate of labour productivity growth in more than a decade, with growth in output per hour worked falling behind the EU and Japan. The fall casts further doubt on the ability of the Federal Reserve to cut interest rates as the US economy slows.
Research to be published on Tuesday by the Conference Board, the international business organisation, shows that US labour productivity in the whole economy grew by 1.4 per cent in 2006 as slower economic growth was combined with a rapid rise in employment.
Gail Fosler, the chief economist of the Conference Board, told the Financial Times that the fall in productivity growth was unlikely to be cyclical and the result of weaker gains in services' industries, raising "concerns about the long-lasting productivity impact of information and communications technology".
If weak productivity growth continues, she said, "even in a slow growth environment, the US economy will be performing close to its potential", restricting the Fed's ability to cut interest rates.
Better economic figures released this year, alongside emerging signs of a slowdown in US economic potential, has led to tumbling market expectations of a rate cut in recent weeks. Investors now believe that there is only about a 10 per cent chance of a reduction in official interest rates by the May meeting of the Fed's interest rate-setting committee, according to the Federal Reserve Bank of Cleveland.
The US slowdown in whole economy productivity growth over the past three years - to a rate half that in 2002 and 2003 - contrasts with rising productivity growth in Japan, on the back of a surge in manufacturing exports on the Conference Board's internationally comparable figures.
Japan's labour productivity grew by 2.5 per cent in 2006 as manufacturing companies took advantage of new demand from China in addition to its traditional export destinations.
Europe improved its productivity performance considerably last year as it enjoyed its first year of strong economic growth since 2000. However, the improvement in Nordic countries and Germany masked continued weakness in southern Europe, where growth was generated by surging employment rather than an improvement in the efficiency of the economies of Spain, Italy and Portugal.
The Conference Board recorded that productivity growth remained extremely high in emerging countries of China, India and Eastern Europe, as inefficient companies fell away and huge numbers of workers moved from relatively inefficient sectors such as agriculture to manufacturing.
China recorded 9.5 per cent productivity growth in 2006, while India achieved 6.9 per cent and the 12 new EU member states achieved 4.1 per cent growth.
this is the trend,the slippery slope we are now on,we also import more food than we make now.hey dumb-ass don't you know wallstreet and the stock market are frauds and do not reflect our true state.guess you'll just have to wake up one day and have it slam you in the face.(the truth)
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
"I would rather die on my feet than to live on my knees."
Emiliano Zapata
Hehe...this is all you got? One year of slowing growth? Comparing that slow growth to emerging economies that should be seeing larger growth as they overcome previous inadequacies? Yeah, third world here we come.
Why don't you check this out:
ftp://ftp.bls.gov/pub/special.requests/opt/dipts/ipr.airt.txt
Now, look at 1991, a year comparable to 2006. How come we weren't third world in 1992?
Hehe....this shit is priceless.