acknowledgeurma

I agree, that debt is a tool. I imagine most businesses use it because equity financing is unavailable (particularly true of farming). But as with any tool, it can be (in the judgement of some) misused. Some might consider it a misuse to incur debt with the expectation of paying it off at a discount (lend me $100 and I'll pay you back $50). Alexander Hamilton set the precedent that the United States of America would not do this; the United States of America makes the solemn promise to repay all its debts in full. Some (conservatives?) think that President Trump might renege on this promise.

You (4430) seem to suggest that we should reduce our debt by spending less. The following site sheds an interesting light on spending:
https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/
wherein I found, "...tax breaks function as a type of government spending, and they are officially called "tax expenditures" within the federal government."

samtheyank

You are right as rain. It was late when I wrote that comment. I read the ranking in a local newspaper article in my hometown. The man who wrote the article has a Doctorate in history from UVA. He wrote an article using historical facts and things that happened during the last 25 years. He also logically concluded that Trump would win the Presidency and lose the popular vote. He is a pretty smart cookie. I may be inaccurate, but I stand by my comment.

acknowledgeurma

I seem to be insufficient in understanding your reasoning, so could you explain how the article you quote supports your statement?

acknowledgeurma

I would like to read that article.

I think the primary factor that determines presidential greatness is luck. For example, Abraham Lincoln is usually considered the greatest President because he was in office when the (arguably) greatest threat to our nation was concluded somewhat successfully. Obama's Presidency will probably be considered successful because he was lucky enough to inherit an economy in free fall and left office with the economy doing much better.

son of witless

Brighter than you. Job growth is not that important. No it really isn't. The unemployment rate, the Labor Participation Rate, and wage growth is what matters. The rest is crap.

Obama screwed workers over big time. He made it more expensive for Employers to hire full time. He even cut the hours of part time workers. Companies that had over a certain number of workers had to provide health insurance for workers working over 30 hours per week. I know workers who work low wage retail jobs. These are people already being screwed over, and then comes Young Barry and his Obamacare. Guess what ? You have these poorest of the poor and because of Obamacare they get their hours cut from say 34 hours per week to under 30 hours per week.

Thank you Obama voters . Then Young Barry imports more poor people who compete with those on the bottom rungs for the low wage jobs. Thank you Obama voters. Then Young Barry burdens companies with Global Warming regulations which cut jobs. Thank you Obama voters.

Then President Trump eliminates Global Warming laws and jobs come back. Thank you Trump voters.

son of witless

About the 20th paragraph down, it states that if real economic growth and real unemployment were so good, then establishment candidates like Hillary get votes. They then speak of anxiety about work life which is related to alternative work arrangements.

Perhaps a previous paragraph said it better. " Goff says this disconnect between what official job numbers say and what workers experience in their day-to-day lives helps explain why Trump's message resonated with so many Americans – and why analysts and experts looking at unemployment data didn't see his victory coming. "

4430 Loc: Little Egypt ** Southern Illinory

I've know many folks over my working lifetime that continued to borrow and borrow then when times turned hard they couldn't even pay the interest and ended up going belly up.

This was back in the days when FHA only loaned for land I got 4 yrs ahead on my land payment so they called my loan and said you have enough equity to get your money from other places then a short time after that they started lending money for operating loans and with the cheap money I know many thought it was fine to get all the cheap money they could and the markets went south and before long they were out !

Actually FHA did me a big favor by kicking me out !

I'm well aware of what your clip says , however there are so many programs that should be cut and also there is so much waste and fraud in all these money payouts it's really sad but no politician is going to do anything about it and thus we just keep going further and further down the drain.

There are some many that has the thinking that the government should have to be ran as a business and it's just plain foolishness .

vettelover Loc: Richmond Va

You just don't get it do you?

Hadenough

Oh sure unemployment dropped under your boy Obummer! That’s because they quit looking for jobs and went on welfare! Because of that there are jobs but no one wants to work, why buy a cow when the milk is free?

4430 Loc: Little Egypt ** Southern Illinory

So here's how the democrats view the Obama and Trump economies !

Obama's it was Bush's Fault

Trump's is was Obama that built it !

Par for the course with the left when it's bad blame others when it's good take full credit for it !

acknowledgeurma

Thank you for the explanation. You were referencing the article as an explanation of Clinton's loss to Trump. I think I was perplexed by "suffering under President Hillary" and "flourishing under President Trump". Now I understand that the suffering and flourishing were your literary touches and not something out of the article.

Ever since Bill Clinton won with his "It's the economy, stupid" slogan, people seem to believe that the state of the economy is the major (if not only) determiner of the presidential outcome. I think Bill Clinton won because of Ross Perot (and maybe Bush's "No new taxes"). I think Hillary Clinton lost because of the decades of calumny poured on her, but mostly because of Comey reopening the email investigation days before the election. Russian meddling may have had enough effect to nudge the election to Trump, since the vote was very close in a few key states.

acknowledgeurma

FHA? or USDA FSA? My first "real" job was with the USDA Statistical Reporting Service. My job title was Mathematical Statistician, but I was really just a computer programmer (IBM, UBM, we all BM, with IBM).
I am an exile from the waste and fraud of the military industrial complex, though I still get care packages from it. That waste and fraud is a not small part of our GDP.

acknowledgeurma

Since Clinton and Gingrich ended "welfare as we know it" in the 1990s, I think there's sufficient reason to believe your statement is counterfactual.

acknowledgeurma

Hey, I don't blame Bush; I blame Reagan and his "voodoo economics" (aka, supply side economics),
and Bush the Elder who bought into it,
and Clinton (and the DLC) who didn't object,
and Bush the Junior who went along,
and Obama who also went along.

I hoped Sanders would break that voodoo curse, but that was not to be.

PeterS

You mean how you liars figured when Obama was president?