Comments by "whyamimrpink78" (@whyamimrpink78) on "Trump Economic Adviser Argues Against Math" video.

  1. The deficit isn't exploding. In percent of GDP it is less than -5% of GDP. That is normal.
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  2.  @BHOPDaMaestro  https://fred.stlouisfed.org/series/FYFSGDA188S You were saying?
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  3. The current deficit is between 0 to -5% of GDP. That is normal based on previous trends. So yes, Kyle is bad at math.
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  4. How are they denying math?
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  5. It isn't denying math but being deceptive about it. Read the book "How to Lie with Statistics". In the current deficit it is actually normal compared to previous years, so it isn't exploding https://fred.stlouisfed.org/series/FYFSGDA188S
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  6. Eh, it is more complex than that.
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  7. I keep hearing of this recession. I doubt it will happen under Trump.
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  8. @UC2jbwpuX3fxyZ-hMfZ0q8Dw https://fred.stlouisfed.org/series/FYFSGDA188S Yes, between 0 to -5%. Sorry you suck at math.
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  9.  @whyispinkysoinsane7898  ,that site is the Federal Reserve Bank of St. Louis, it isn't some "random site". You clearly don't understand economics.
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  10.  Prophet  , that "dude" called the Federal Reserve Bank of St. Louis site a "random site". Really, is the far left that allergic to facts? That site is as reliable as it gets.
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  11. The deficit isn't exploding. It is between 0 to -5% of GDP which is normal based on previous trends.
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  12.  @whyispinkysoinsane7898  , a random site? That is from the Federal Reserve Bank of St. Louis, a reliable site. You clearly don't understand economics.
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  13. @Olivia P , my bad, I guess I never cited the Fred source here. But reality is that I do understand the difference between deficit and debt. But you feel kind of foolish now?
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  14.  @yarpenzirgin1826  , eh, it is more complex than that. One idea of tax breaks is that it grows the economy. For example, what is higher, 50% of 100 or 10% of 1000? It is similar to saying that working less hours means less money. Well, if you work 50 hours a week for $10/hr but than, somehow, received a raise to $15/hr and decided to work only 40 hours a week (ignoring OT laws), you make more money.
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  15. @Olivia P, I doubt you respond at this point.
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  16. @Olivia P , you claim I don't know the difference between deficit and debt when I clearly do. Now you are trying the best you can to back pedal. You need to compare those numbers to a standard. To me it is GDP. If the deficit is $1.3 trillion but GDP is higher to where that value is between 0 to -5% of GDP I don't see a major problem nor that the deficit is "exploding".
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  17.  @yarpenzirgin1826  , the economy grows through investment and also through loans. To keep it simple consider you as an individual. In order for your finances to grow you need to invest in some way. You can waste your money on frivolous things and no grow, or you can invest your money in developing a skill, or maybe in real estate, or in technology to better yourself in the long run. As with loans, you can grow by loaning out your money with interest. Now compare that to the entire economy. The idea of a tax break is that the people do a much better job than the federal government in investing to grow. People talk about the rich stashing their money, one place they do it is in banks. Banks are only allowed to keep 10% of their reserves. That means if you, personally, put $100 in savings in a bank the bank really only has $10 of it, the other $90 is loaned out where the money is put into other banks that are also loaned and generating income. This is referred to as the "inverted pyramid". So if you tax more money that is less money in the banks. Also, the private sector, arguably, does a much better job at investing than the federal government does as the private sector has to actually cater to the people and can't just keep pulling out loans and providing bad services. How many companies are $20+ trillion in debt? And how many companies have a 10% approval rating but a 90% retention rate like Congress does? Now does that mean there shouldn't be taxes? No. There should be as there is a desire to have a government. The role is a whole different discussion but in short, the federal government's role should be well defined and restricted, and more freedom should be given to the local government because there people can see if they are getting their money's worth. Watch this video https://www.youtube.com/watch?v=rQLBitV69Cc As for wages, by what metric are you saying wages have been stagnant? There is plenty of data to suggest otherwise. If you want to stick to facts we can.
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  18. @Olivia P , I care about the numbers. You have to put them in proper perspective by comparing them to a common base. Fact is you called me out claiming I did not know the difference between debt and deficit when I clearly do. I even gave you a citation in showing what the deficit is in percent of GDP. Now you are backpedaling. Just admit you were wrong.
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  19.  @whyispinkysoinsane7898  , uh, that is the employer raising wages on their own as opposed to some outside entity arbitrarily raising them. So no, that is not an argument for raising wages.
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  20.  @whyispinkysoinsane7898  , economics is really not your strong point.
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  21.  @whyispinkysoinsane7898  , the ones that done pay above the min. wage do so because they simply can't afford it. Even at that those employers are the minority. If employers were so set on paying the minimum why don't more employers do it? There are other reasons why they pay the minimum as well. That employee could be part time and not as dedicated to the employer as thus are paid a min. wage. Or they could be temporary and quickly find another job. There is a lot to it. Again, economics is not your strong point.
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  22.  810 land  , I never said deficit was good. My point was with Kyle saying it is exploding is simply not true based on previous numbers. The current deficit is actually normal compared to previous deficits.
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  23. Who said he hates math?
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