US unemployment rate decreases from 6.3% to 6.1% in July 2014
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  US unemployment rate decreases from 6.3% to 6.1% in July 2014
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Author Topic: US unemployment rate decreases from 6.3% to 6.1% in July 2014  (Read 9080 times)
TheDeadFlagBlues
Junior Chimp
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Canada
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« Reply #50 on: July 27, 2014, 08:28:07 PM »

I've become more convinced that AggregateDemand is simply a bot hooked up to a database of conservative buzzwords and talking points. This explains why it's impervious to facts and rational thought.

GDP growth is lower than the marginal growth-rate of public debt. The most indebted generation in American history is on the hook for the biggest unfunded pension/healthcare liability in American history. There are reasons to be optimistic about the future, but if you don't understand the precariousness of our current situation, you need to pay attention.

People were complaining about the economy in 2006, during Bush's second term. We have 2% more unemployment and we've doubled the national debt, since then.

What do our "unfunded pension/healthcare liabilities" have to do with the unemployment rate?
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AggregateDemand
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« Reply #51 on: July 27, 2014, 09:02:03 PM »

What do our "unfunded pension/healthcare liabilities" have to do with the unemployment rate?

Our pension system is funded with payroll taxes. I'm assuming you can figure it out from there.
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