Piezoe's Queen opens her mouth - proves she deserves Fed Chair

[DHOHHI]

Yes, they are good for defending the interests of the 1%, and good at encouraging all the "soon to be" 1%'rs.

And Democrats are good for what? Trying to get more than 50% of the US dependent on some sort of government handout. They just may get there with Odumbocare. Plenty of fat slobs who will now get subsidized health premiums while healthy and hard working people subsidize the slobs. Let's reward the slobs for being slobs.

I have a relative on my wife's side who sent her 2 kids to an expensive college at about $50K per year and she's calling for either forgiving their debt or greatly reduced interest. Any guess as to how she votes?

Do any of you idiots comprehend how all these freebies are paid for? In addition to the ever escalating debt we have? Do any of you have any idea as to how we'll pay for all our debt once debt payments exceed revenues for the US? And what becomes of the governmentprograms when that happens?

 

[Ricter]

Perhaps it would be helpful to relate the history of the "stimulus", for those who are shaky on it.

You're optimistic, I like that. But I think this group, being human, suffers the same problem Man has always faced: you and I, looking at the same information, come to two different conclusions about it. One man, who puts his Faith in the laissez fairey, and perhaps fearing totalitarianism, looks at the recession response and says, "here is how we did too much", while another man, who puts his Faith in government, and perhaps fearing a "Hobbesian nightmare", looks at the recession response and says, "here is how we did too little."

 

[Covertibility]

From your article.

There is no question that more workers dropped out of the labor force due to
discouragement during and after the Great Recession and that there are more discouraged workers
now than before the recession. These facts clearly reflect the continued weakness of the U.S. labor market.

The two articles were aimed at those who think that retirement was not a factor.

From the Fed:

The number of disabled persons has been steadily rising; retirement had not played much of a role until around 2010, at which point it started to make a large impact on the overall participation rate. In particular, the decline in the participation rate in the past one-and-a-half years (when the unemployment rate declined faster than expected) is mostly due to retirement.

-------------

Now if you're referring to stimulus, this is a much bigger topic that would require some prior research into balance sheet recessions and the aftermaths of financial panics. I'm going to sit this one out.

 

[DHOHHI]

The two articles were aimed at those who think that retirement was not a factor.

From the Fed:

The number of disabled persons has been steadily rising; retirement had not played much of a role until around 2010, at which point it started to make a large impact on the overall participation rate. In particular, the decline in the participation rate in the past one-and-a-half years (when the unemployment rate declined faster than expected) is mostly due to retirement.

-------------

Now if you're referring to stimulus, this is a much bigger topic that would require some prior research into balance sheet recessions and the aftermaths of financial panics. I'm going to sit this one out.

Geez, you believe everything you read? LOL The number of disabled persons is NOT rising. The number of scumbag lawyers, typically Democrats, have submitted an astronomical number of supposed disability cases. I actually know someone who is receiving disability for a minor eye disease. My opinion of this person has dropped significantly. Then again, the lawyer pushed them to file since they could get retroactive payments and he'd profit significantly if that happened. Some legit cases of disability but the majority anymore are scams.

 

[Ricter]

And Democrats are good for what? Trying to get more than 50% of the US dependent on some sort of government handout.

A century or two ago most of the workforce worked at producing food. Now that food and even enough extra for export are produced by 1 or 2% of the workforce. Extrapolate this process to Life's other necessities over long periods of time and you can see where we're headed. So it's hardly necessary to "try" to make people dependent--they are dependent. The manufacture of new desires, new "needs" can not last indefinitely imo. Besides, during an economic pinch, people naturally abandon those false needs first.

 

[futurecurrents]

And Democrats are good for what? Trying to get more than 50% of the US depend Plenty of fat slobs who will now get subsidized health premiums while healthy and hard working people subsidize the slobs. Let's reward the slobs for being slobs.ent on some sort of government handout. They just may get there with Odumbocare.

I have a relative on my wife's side who sent her 2 kids to an expensive college at about $50K per year and she's calling for either forgiving their debt or greatly reduced interest. Any guess as to how she votes?

Do any of you idiots comprehend how all these freebies are paid for? In addition to the ever escalating debt we have? Do any of you have any idea as to how we'll pay for all our debt once debt payments exceed revenues for the US? And what becomes of the governmentprograms when that happens?

I think this is what you meant to say.

Plenty of unfortunate people will now get subsidized health premiums while lucky people subsidize them.

 

[Ricter]

Geez, you believe everything you read? LOL The number of disabled persons is NOT rising. The number of scumbag lawyers, typically Democrats, have submitted an astronomical number of supposed disability cases. I actually know someone who is receiving disability for a minor eye disease. My opinion of this person has dropped significantly. Then again, the lawyer pushed them to file since they could get retroactive payments and he'd profit significantly if that happened. Some legit cases of disability but the majority anymore are scams.

I'm sure there is a fair percentage of cheating going on, there is in every human activity. But the aging of the boomers would generate a rising number of disabilities all on its own. Toss in a couple of perpetual wars for good measure.

 

[Max E.]

I'm sure there is a fair percentage of cheating going on, there is in every human activity. But the aging of the boomers would generate a rising number of disabilities all on its own. Toss in a couple of perpetual wars for good measure.

Here is the reality. Half of all recipients are from back pain, oe mental illness, the 2 easiest things to fake. DHOHHI was correct.




A study by the super-non partisan National Bureau of Economic Research explains the reasons for the rise in disability.

First, the Social Security Administration now places more weight on self-reported pain and discomfort, has relaxed the screening of mental illness, and accepts medical evidence from the applicant’s own doctor. The share of awards for mental illness rose from 16 percent in 1983 to one third in 2010, while the share of back pain rose from 13 percent in 1983 to 28 percent. Together they account for more than half of disabilities. Of the 2.7 million workers on disability for mental disorders, 1.7 million have “intellectual and mood disorders.” Even young people can be declared disabled if they get nervous at work or school, have attention deficit disorders, or are not very intelligent.

Second, the application process has been streamlined. Applicants can begin on line, and they are entitled to a free call from a lawyer. Slick law firms specialize in navigating clients through the bureaucratic maze, and their appeals for clients fill the airwaves. If applicant claims are denied, they can appeal to administrative judges, who overturn examiners in half of their cases. Some administrative judges achieved notoriety by never turning down a disability appeal. No wonder. They can be reprimanded and their decisions set aside for “talking down to claimants” or for “lack of respect.” To cite one superior court verdict: “Applicants for social security disability payments, most of whom are truly ill or disabled, are entitled to be treated with respect and dignity no matter what the merits of their respective claims.”

Third, the relative economic attractiveness of disability has increased. The NBER study finds that, for low-income workers, disability (plus Medicare) replaces almost 90 percent of working income. During recessions, wages decline, and workers at or near the minimum wage receive almost as much income through disability as by working. The system itself raises disability claims during recessions.

http://www.forbes.com/sites/paulrod.../add-disability-to-obamas-anti-jobs-policies/

 

[FortuneTeller]

The markets plunged in October. Obama didn't take office until the end of the following January.

But by then everyone knew WHO the next President was going to be.

 

[dbphoenix]

You're optimistic, I like that. But I think this group, being human, suffers the same problem Man has always faced: you and I, looking at the same information, come to two different conclusions about it. One man, who puts his Faith in the laissez fairey, and perhaps fearing totalitarianism, looks at the recession response and says, "here is how we did too much", while another man, who puts his Faith in government, and perhaps fearing a "Hobbesian nightmare", looks at the recession response and says, "here is how we did too little."

Perhaps. But Republicans -- and now TPs -- tend to overlook the question of when and by whom the debt was incurred in the first place ("Do any of you idiots comprehend how all these freebies are paid for? In addition to the ever escalating debt we have? Do any of you have any idea as to how we'll pay for all our debt once debt payments exceed revenues for the US?"). As you point out in another context relating to two wars and the rise in disability, those looking for help are not the sole cause or even a primary cause of our indebtedness. Nor was the 700B bailout done for the sake of aiding the jobless. If we had instead injected those funds into the economy, let the bondholders and shareholders hold the bag for the mess that Wall Street and the banks got themselves into, even without following the Swedish Model, and exited the Middle East, what would our condition now be?

Unfortunately, Obama in particular and Democrats in general were not prepared for any of this, and Obama's surrounding himself with -- for the most part -- the wrong people resulted in the common people footing the bill and the wealthy not only getting off scot free but profiting handsomely.

Yes, Obama and the Democrats played the hand badly, but Republicans dealt the hand.