Politics Thread

[Strange Brew]

WTF?? "Current dollars" simply means dollar amounts unadjusted for inflation. I would have thought you might have known that given your oft-stated prowess in economics.

Understand they were adjusted for inflation and that's my point. Why not include the raw data?

So does the raw data show a surplus or does it only magically appear when we "massage" for inflation.

Kind of like the "adjustments" made to the temperature record.....

[Caf]

Understand they were adjusted for inflation and that's my point. Why not include the raw data?

So does the raw data show a surplus or does in only magically appear when we "massage" for inflation.

Kind of like the "adjustments" made to the temperature record.....

If the point being made about the data is about whether there were surpluses or deficits aka the relationship between the dollars in a given year, then how is inflation even significant? The same rate would be applied to outlay and income for every year.

[Strange Brew]

If the point being made about the data is about whether there were surpluses or deficits aka the relationship between the dollars in a given year, then how is inflation even significant? The same rate would be applied to outlay and income for every year.

Sure, if it was done that way. Inflation is sig as it shows how the level of spending/taxation collection compares to today's numbers. Let's see the raw data.

The temp record has been adjusted to fit an agenda so let's see the raw budget data.

[X-man]

Understand they were adjusted for inflation and that's my point. Why not include the raw data?

So does the raw data show a surplus or does it only magically appear when we "massage" for inflation.

Kind of like the "adjustments" made to the temperature record.....

Table 1.3 shows the (historic) budget data in "current dollars" (the actual numbers not adjusted for inflation) and in "constant dollars" (adjusted for inflation). You seem to (1) not understand that "current dollars", because they are not adjusted for inflation, are the actual numbers, and (2) because both current dollar and constant dollar budget data are in this table, you can have your pick. Both series have their uses. Neither is adjusted for political purposes. Go back and look at your macro textbook to understand what I am talking about. And if it helps, think "nominal" for "current dollars" and "real" for "constant dollars" (as Caf "sort of" suggested).

[Strange Brew]

Table 1.3 shows the (historic) budget data in "current dollars" (the actual numbers not adjusted for inflation) and in "constant dollars" (adjusted for inflation). You seem to (1) not understand that "current dollars", because they are not adjusted for inflation, are the actual numbers, and (2) because both current dollar and constant dollar budget data are in this table, you can have your pick. Both series have their uses. Neither is adjusted for political purposes. Go back and look at your macro textbook to understand what I am talking about. And if it helps, think "nominal" for "current dollars" and "real" for "constant dollars" (as Caf "sort of" suggested).

Yep, this one's on me. Totally misread your post. Reps to you.

Interesting that the debt was never reduced as a result.

[X-man]

Yep, this one's on me. Totally misread your post. Reps to you.

Interesting that the debt was never reduced as a result.

No worries.

[bleedXblue]

https://www.msn.com/en-us/money/care...ges/ar-BBMI1GS

Well look at that......plenty of jobs, increasing wages.........

Hmmm...

[paulxu]

Just curious....did you read the first sentence of the article...or just the headline?

Though housing is scarce and wages are stagnant across the country, a lot of American cities are booming: They offer job opportunities, thriving businesses and an abundance of places to live.

There are some bright spots, no doubt. But we've got a lot of work left to do, to impact the whole country.

[bleedXblue]

Just curious....did you read the first sentence of the article...or just the headline?



There are some bright spots, no doubt. But we've got a lot of work left to do, to impact the whole country.

Yeah I read the whole article thank you. Are you really naive enough to think the whole country or economy is going to see across the board increases in every market and every job? That will never happen. Ever.

[GoMuskies]

So Jon Kyl is back? Great.