Recruiting Forum Off-Topic Thread II

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#7,002
#7,002
InVOLuntary said:
Inflation is not always a bad thing. It can be a very good thing in the long term under certain circumstances.
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Trying to see how it could be good. Could you give an example? Job and wage growth is the vital aspect of a good economy which minimizes the effect of inflation. Just waiting to see if the jobs come for now. It could spiral out of control and collapse an economy if jobs and wages cannot keep up.
 
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#7,004
#7,004
It has to do with the amount of debt we owe as a nation. IF, IF, IF you get the deficit under control, you can effectively reduce the debt by inflation. For instance, if I owe you $100 due in 20 years, and that $100 will currently, today, will buy you two tanks of gas. In twenty years if you have significant inflation $100 might only buy you a quarter tank of gas. So what it does make the amount you owe significantly less as compared to your current budget. Prices obviously would be a lot higher but people would be making a lot more money. Did I explain that right? Is that at all comprehendable?
 
#7,006
#7,006
Mick said:
LOFL. Fox news is not dem or liberal. When the president tells our government agencies that all information request must go through the office of the president, that is trying to control information.
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...As every adminstration has before.

What your seeing is a large machine that's been spinning for 8 years being slowly stopped, retooled, then it will crank back up for the next 4 or 8 years.

Consistency of message is some they need, and should strive for.

He hasn't went into "State Run" territory...Yet.

The freakout over NPS Twitter is quite funny to me.
 
#7,007
#7,007
Mick said:
Trying to see how it could be good. Could you give an example?
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Inflation has the net effect of a currency having less purchasing power. This encourages people to spend now due to the reduced buying power of their dollars in the future. Spending encourages production which requires labor with decreases unemployment which increases tax revenues. To much inflation is bad but so is deflation. Deflation is the reduction of currency in a market which causes the money to have more buying power. However, if deflation becomes a trend, people will reduce spending on the hope that their dollars will buy more in the future. Less spending discourages production which results in layoffs which increases unemployment and reduces tax revenues to the government. A small healthy inflation rate shows that the economy is growing and signals that unemployment is at a low acceptable level. To much inflation or prolonged deflation signals an economy in serious trouble.
 
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#7,008
#7,008
Y'all should each write a letter to Congress (remember, they control the purse strings). Demand an honest accounting to the American people. To whit
1. Of revenues coming into the Treasury, some are dedicated to funding specific programs. Itemize these. Speak to the fiscal health of the programs and plans for their continuance or sunsetting.
2. Other Federal expenditures are supported from general revenues. Account for incomes and outflows. This is where structural deficits reside in the Federal budget. Speak to how these will be brought into balance.

Face it, folks. Congress has been lying to you ever more brazenly throughout the past 35 years. Prior surpluses in Social Security and Medicare were used to hide the structural deficits in the budget (Remember the 90s and the notion that the US might not need to issue bonds? Balderdash!). Demand and end to this! Demand an honest accounting!

What course will Congress set to bring revenues and expenditures into alignment? Demand real answers! "Trickle down" - the notion that lopping off top tier tax rates will stimulate the economy to grow out of the Federal Deficit - was voodoo economics in 1980 and has been proven to be so over the course of 20 out of the last 35 years. Enough! "Pay Go" was a baldfaced lie! With structural deficits built into the Federal budget, there hasn't been one single instance of "paying as you go."

The time of sliding along, getting reelected on divisive social issues, and not doing the job must end! Fiscal responsibility to the forefront! Each and every bit of legislation should have to pass the litmus test of fiscal responsibility!
 
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#7,009
#7,009
InVOLuntary said:
It has to do with the amount of debt we owe as a nation. IF, IF, IF you get the deficit under control, you can effectively reduce the debt by inflation. For instance, if I owe you $100 due in 20 years, and that $100 will currently, today, will buy you two tanks of gas. In twenty years if you have significant inflation $100 might only buy you a quarter tank of gas. So what it does make the amount you owe significantly less as compared to your current budget. Prices obviously would be a lot higher but people would be making a lot more money. Did I explain that right? Is that at all comprehendable?
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I think you are talking about the value of a dollar as compared to the currency of the country which we owe. Don't forget about interest. That is more dependent on country's economy which we owe. Like I said worrisome because I cannot grasp the entirety of the whole thing.
 
#7,010
#7,010
Mick said:
I think you are talking about the value of a dollar as compared to the currency of the country which we owe. Don't forget about interest. That is more dependent on country's economy which we owe. Like I said worrisome because I cannot grasp the entirety of the whole thing.
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Yes, that's what I am talking about. Interest on bonds is fixed so that's why I said you have to balance the budget and not add to the debt. If you keep adding to the debt it makes it worse in the long run.
 
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#7,011
#7,011
Glitch said:
Inflation has the net effect of a currency having less purchasing power. This encourages people to spend now due to the reduced buying power of their dollars in the future. Spending encourages production which requires labor with decreases unemployment which increases tax revenues. To much inflation is bad but so is deflation. Deflation is the reduction of currency in a market which causes the money to have more buying power. However, if deflation becomes a trend, people will reduce spending on the hope that their dollars will buy more in the future. Less spending discourages production which results in layoffs which increases unemployment and reduces tax revenues to the government. A small healthy inflation rate shows that the economy is growing and signals that unemployment is at a low acceptable level. To much inflation or prolonged deflation signals an economy in serious trouble.
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Good. Sounds like we need the jobs and wage increase now before we have to deal with inflation that may be caused by changing trade policy. Good writing Glitch.
 

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#7,012
#7,012
Mick said:
Good. Sounds like we need the jobs and wage increase now before we have to deal with inflation that may be caused by changing trade policy. Good writing Glitch.
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I am neck deep in my MBA in Personal Financial Planning. We spent some time on inflation earlier in the program.
 
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#7,016
#7,016
InVOLuntary said:
What has he done? Other than spout off at the mouth. Seriously.
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It's the things he's spouted off about that are troubling to me. He's the president of the most powerful country in the world and some of the things he's most concerned with are troublesome. I won't bother to get into the petty things and he may be good on the financial portion of his job. However, I am really concerned about his foreign policy and what is going to happen when we actually encounter a real crisis.

I don't personally believe, isolationism is the way we should go. If we don't exercise our influence in the world someone else will fill the vacuum.. JMO
 
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