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Old 04-03-2013, 11:35 AM  
BucEyedPea BucEyedPea is offline
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U.S. sees highest poverty spike since the 1960s...

http://www.dailymail.co.uk/news/arti...-spending.html
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Old 04-03-2013, 07:02 PM   #61
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Originally Posted by Loneiguana View Post
http://www.economist.com/blogs/graph...01/daily-chart

A QUARTER of a century ago, The World in 1988 light-heartedly ranked 50 countries according to where would be the best place to be born. Then, America came top (see chart on left). Now the Economist Intelligence Unit has more earnestly calculated where would be best to be born in 2013. Its quality-of-life index links the results of subjective life-satisfaction surveys—how happy people say they are—to objective determinants of the quality of life across countries. Being rich helps more than anything else, but it is not all that counts—things like crime and trust in public institutions matter too. In all, the index takes 11 indicators into account. Some are fixed, such as geography; others change only very slowly over time (demography, social and cultural characteristics). See full article




http://www.youtube.com/watch?v=rH1S8wgjum0

/those darn socialist countries
//Fareed makes great counter points
//but why not look at how those countries create greater opportunities
////they are fulfilling the American Dream better than we are today
What is the "best place to be born" is subjective. Afterall, the Austrian basis is that we each due our own valuing. So no one can decide that for millions of people. But the Economist, Keynesian with a mercantilist flavor of course would try to do that. Such is the way of elites to impose their values on other countries.

America was made up of people who were different, even considered misfits. Europeans prefer more authoritarian govt than Americans who sense of freedom is more expansive. But Switzerland is capitalist. Some of those European socialist countries, such as Sweden have begun to liberalize their markets due to their socialism creating problems. Even some of the former Eastern bloc countries are more free market than America. Some say China is more capitalist now. America has dropped down to lower level under Obama. We used to be around number 4, at least on the Heritage Foundation's chart of the freest economies.
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Old 04-03-2013, 07:03 PM   #62
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Old 04-03-2013, 07:07 PM   #63
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Old 04-03-2013, 07:09 PM   #64
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Originally Posted by Loneiguana View Post
http://www.economist.com/blogs/graph...01/daily-chart

A QUARTER of a century ago, The World in 1988 light-heartedly ranked 50 countries according to where would be the best place to be born...
Best place in the world to be born during the second Reagan administration. Falling like a rock by the time of the second Obama administration.

No shit. Like we couldn't have figured that one out without help.
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Old 04-04-2013, 06:46 AM   #65
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Originally Posted by BucEyedPea View Post
What is the "best place to be born" is subjective. Afterall, the Austrian basis is that we each due our own valuing. So no one can decide that for millions of people. But the Economist, Keynesian with a mercantilist flavor of course would try to do that. Such is the way of elites to impose their values on other countries.

America was made up of people who were different, even considered misfits. Europeans prefer more authoritarian govt than Americans who sense of freedom is more expansive. But Switzerland is capitalist. Some of those European socialist countries, such as Sweden have begun to liberalize their markets due to their socialism creating problems. Even some of the former Eastern bloc countries are more free market than America. Some say China is more capitalist now. America has dropped down to lower level under Obama. We used to be around number 4, at least on the Heritage Foundation's chart of the freest economies.
http://globalpublicsquare.blogs.cnn....-inequality-2/

How to beat inequality

Arguably the most important and innovative idea proposed by President Obama in his State of the Union address on Tuesday night was his call for high-quality, universal pre-school education.
“Every dollar we invest in high-quality early childhood education can save more than seven dollars later on, by boosting graduation rates, reducing teen pregnancy, even reducing violent crime,” Obama said. “In states that make it a priority to educate our youngest children…studies show students grow up more likely to read and do math at grade level, graduate high school, hold a job, form more stable families of their own.”

He’s right. Most Americans would be surprised to learn that the United States now does worse in terms of social mobility than many European countries – especially those in Scandinavia – as well as Canada. What does this mean in practice? It means that a poor child born in the United States is much more likely to remain poor than one born in Canada or Denmark.

The Pew Charitable Trust’s Economic Mobility Project found last year, for example, that “more than 40 percent of Americans raised in the bottom quintile of the family income ladder remain stuck there as adults, and 70 percent remain below the middle.” OECD research, meanwhile, found that while “at least 40 percent of the economic advantage that high-earnings fathers have over low-earnings fathers is transmitted to their sons,” the comparable figure for Nordic countries, Canada and Australia was less than 20 percent.

The main reason for this, I believe, is that many of the countries with higher mobility invest a great deal in children of all backgrounds, early in their lives, in terms of daycare, nutrition and education. And what the research increasingly shows is that if a child has missed out in the first few years of life in terms of nutrition, in terms of attention that adults pay to them, in terms of cognitive stimulation, then it is very difficult for them to catch up because they have been so disadvantaged – some of them neurologically. Countries with strong programs for the very young, in contrast, tend to have an advantage.

/Free markets with high taxes and large social spending
//I honestly can't believe you said "America was made up of people who were different" as an excuse for why America isn't doing as well as other countries.
///Obama and his darn time machine lowering America's rankings over the last thirty years; Remeber "From 2000 to 2011, when the productivity-median compensation gap grew the fastest"?
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Old 04-04-2013, 06:57 AM   #66
Loneiguana Loneiguana is offline
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I wonder how our free market healthcare system compares to those dirty socialized ones? I'm sure our free markets get us the best price, right?

http://epianalysis.wordpress.com/201...sversuseurope/


U.S. versus European healthcare costs: the data




"do we pay higher prices for the same care? Among prescription drug costs, we pay far more than any other country, at least 20% more than Canada and over 60% more than New Zealand. For the same MRI’s and CT scans, we also pay more: $1,080 is the commercial average cost for an MRI in the U.S. as compared to $599 in Germany; at CT of the head costs $510 on average in the U.S. versus $272 in Germany. For a hip replacement, we again pay the most: $1,634 among public payers and $3,996 among private payers, versus $1,046 and $1,943 respectively in Australia. And physicians’ incomes are the highest: $187,000 on average among primary care doctors in the U.S. versus $93,000 in Australia; and $442,000 among orthopedic surgeons in the U.S. versus $154,000 in France."

Do we get more in return?

The results of this hefty spending on the same drugs and (perhaps better) doctors doesn’t seem to clearly correlate into better outcomes. Mortality rates in U.S. hospitals after admission for a heart attack, for example, are just average—at 4.3% as compared to just 2.3% in Denmark. Similarly depressing results are available for respiratory diseases, cancers, and surgical or medical mistakes. And overall we have the highest rate of death that would be amenable to healthcare intervention (deaths among people less than 75 years old that are from heart attacks, strokes, diabetes and bacterial infections); the U.S. has 96 such deaths per 100,000 people as compared to France’s 55 deaths."

---

Even Mitt Romney knew our free market Healthcare was a sham:

"When our health care costs are completely out of control. Do you realize what health care spending is as a percentage of the GDP in Israel? 8 percent. You spend 8 percent of GDP on health care. And you’re a pretty healthy nation. We spend 18 percent of our GDP on health care. 10 percentage points more. That gap, that 10 percent cost, let me compare that with the size of our military. Our military budget is 4 percent. Our gap with Israel is 10 points of GDP. We have to find ways, not just to provide health care to more people, but to find ways to finally manage our health care costs.

Romney’s point about Israel’s success in controlling health care costs is spot on: Its health care system has seen health care costs grow much slower than other industrialized nations.
How it has gotten there, however, may not be to the Republican candidate’s liking: Israel regulates its health care system aggressively, requiring all residents to carry insurance and capping revenue for various parts of the country’s health care system.

Israel created a national health care system in 1995, largely funded through payroll and general tax revenue. The government provides all citizens with health insurance: They get to pick from one of four competing, nonprofit plans. Those insurance plans have to accept all customers—including people with pre-existing conditions—and provide residents with a broad set of government-mandated benefits."

http://www.washingtonpost.com/blogs/...en-down-costs/
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Old 04-04-2013, 07:05 AM   #67
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Best place in the world to be born during the second Reagan administration. Falling like a rock by the time of the second Obama administration.

No shit. Like we couldn't have figured that one out without help.
http://www.economist.com/node/15908469
Apr 15th 2010

These trends have been building up for years. In 1963 John Kennedy declared that a rising tide lifts all boats. Indeed, in 1963 this was true. Between 1947 and 1973, the typical American family's income roughly doubled in real terms. Between 1973 and 2007, however, it grew by only 22%—and this thanks to the rise of two-worker households. In 2004 men in their 30s earned 12% less in real terms than their fathers did at a similar age, according to Pew's Economic Mobility Project. This has been blamed on everything from immigration to trade to declining rates of unionisation. But the driving factor, most economists agree, has been technological change and the consequent lowering of demand for middle-skilled workers.

The most highly skilled, meanwhile, have stuffed their pockets happily. Between 1970 and 2008 the Gini coefficient, a measure of income inequality, grew from 0.39 to 0.47. In mid-2008 the typical family's income was lower than it had been in 2000. The richest 10% earned nearly half of all income, surpassing even their share in 1928, the year before the Great Crash.

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Old 04-04-2013, 07:27 AM   #68
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Originally Posted by Loneiguana View Post
You know how I know you didn't watch the video?

Fact: The GDP has doubled in the last thirty years.
Fact: Worker Productivity has also climbed over the last thirty years.
Fact: Average worker compensation has remained stagnant over this same time period.



Where did the money go?



We have a poverty problem because the wages of the Average American has been stagnant for thirty years.

Or:
"The analysis above has shown that from 1973 to 2011, the largest factor driving the gap between productivity and median compensation has been the growing inequality of wages and compensation, followed by the divergence of consumer and output prices and the shift of income from labor to capital. From 2000 to 2011, when the productivity-median compensation gap grew the fastest, the divergence of prices had only a modest impact, whereas the shift from labor to capital income was the single largest factor, accounting for roughly 45 percent of the gap."

More info and charts can be found here:
http://www.epi.org/publication/ib330...-compensation/
http://acivilamericandebate.com/2011...me-inequality/

/I must of missed the communist Rhetoric
//perhaps wealth redistribution could be defined as increasing monetary gain off the backs of your employees without increasing wages.
///Honestly I think we agree on this subject more than you think
Those productivity increases didn't come from working class workers simply working harder/faster. A lot of that comes from investment in capital equipment and intellectual property advances. Why should wages of the working class keep up with productivity improvements that they aren't responsible for?
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Old 04-04-2013, 06:15 PM   #69
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Those productivity increases didn't come from working class workers simply working harder/faster. A lot of that comes from investment in capital equipment and intellectual property advances. Why should wages of the working class keep up with productivity improvements that they aren't responsible for?
Ah, Thank you for the intellectual response that isn't "but communism." And its a defiantly a worthy counterpoint.

I would counter with this. First,The productivity increase didn't solely come from technology and advances. It is chunk, but not the complete story. You have to account for increase in worker skill and education. Also, an increase in off hours work because of email, cellphones and texting. You have an increase in hours as well.

Second, you have to look at productivity from service workers that aren't easily replaced by investments in technology (or whatever you want to call it).

Third, from the article in the post of mine you quoted:
"The divergence in prices of consumption spending and other parts of GDP (business investment, government investment, exports and imports) can be viewed in two different ways. One way is to dismiss the divergence as a technical difference and to treat the associated productivity-pay gap as unimportant and uninteresting. The second view is to note that the widely held and articulated assumption that gains in labor productivity translate into improvements in living standards implies that these two price series—consumption and output— must converge in the long run. Given that this convergence has not occurred for several decades, the second view suggests that productivity is not translating fully into improved living standards, and the divergence between consumption prices and output prices represents another mechanism by which workers are not benefitting from economic growth. Rather than dismiss or set aside this terms-of-trade factor that accounts for about a third of the growth of the productivity-median compensation gap, it deserves serious inquiry and a full explanation. Unfortunately, little research has been done in this area. Saying that changing terms of trade drives the productivity-pay gap is really more of a description than an explanation. Regardless of the cause, the implication is that the “typical” worker is not benefiting fully from productivity growth."

Fourth, inflation outpaced wages. A good example of this is the minimum wage.
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Old 04-05-2013, 12:13 PM   #70
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1 - According to the U.S. Census Bureau, approximately one out of every six Americans is now living in poverty. The number of Americans living in poverty is now at a level not seen since the 1960s.

2 - When you add in the number of low income Americans it is even more sobering. According to the U.S. Census Bureau, more than 146 million Americans are either "poor" or "low income".

3 - Today, approximately 20 percent of all children in the United States are living in poverty. Incredibly, a higher percentage of children is living in poverty in America today than was the case back in 1975.

4 - It may be hard to believe, but approximately 57 percent of all children in the United States are currently living in homes that are either considered to be either "low income" or impoverished.

5 - Poverty is the worst in our inner cities. At this point, 29.2 percent of all African-American households with children are dealing with food insecurity.

6 - According to a recently released report, 60 percent of all children in the city of Detroit are living in poverty.

7 - The number of children living on $2.00 a day or less in the United States has grown to 2.8 million. That number has increased by 130 percent since 1996.

8 - For the first time ever, more than a million public school students in the United States are homeless. That number has risen by 57 percent since the 2006-2007 school year.

9 - Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.

10 - One university study estimates that child poverty costs the U.S. economy 500 billion dollars each year.

11 - At this point, approximately one out of every three children in the U.S. lives in a home without a father.

12 - Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

13 - Today, there are approximately 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.

14 - About 40 percent of all unemployed workers in America have been out of work for at least half a year.

15 - At this point, one out of every four American workers has a job that pays $10 an hour or less.

16 - There has been an explosion in the number of "working poor" Americans in recent years. Today, about one out of every four workers in the United States brings home wages that are at or below the poverty level.

17 - Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government. And that does not even include Social Security or Medicare.

18 - An all-time record 47.79 million Americans are now on food stamps. Back when Barack Obama first took office, that number was only sitting at about 32 million.

19 - The number of Americans on food stamps now exceeds the entire population of Spain.

20 - According to one calculation, the number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming."

21 - Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, close to one out of every six Americans is on food stamps. Even more shocking is the fact that more than one out of every four children in the United States is enrolled in the food stamp program.

http://theeconomiccollapseblog.com/a...ne-should-know

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Old 04-05-2013, 02:04 PM   #71
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It's funny some Bum **** barry cheerleaders still think people hate him because he's black. Even if you're a klan member it's an afterthought at this point given the other reasons to despise that deplorable hunk of frog shit. It's neat to watch though. Carry on.
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Old 04-06-2013, 07:31 AM   #72
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A list that anyone who has been paying attention has known for years.
Congratulations. You have hit step one, admitting this country has a problem. I know it only took a Democrat in the White House for you to even consider this problem, but we are here now. We can move to step two.

Step two is finding the causes to this problem. Do you have anything besides Obama?

Step three is fixing this problem. Do you have any answers to how to fix this?
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Old 04-06-2013, 07:32 AM   #73
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It's funny some Bum **** barry cheerleaders still think people hate him because he's black. Even if you're a klan member it's an afterthought at this point given the other reasons to despise that deplorable hunk of frog shit. It's neat to watch though. Carry on.
I like that the only responses to that cartoon have been on the last frame and not the actual content.

/what is it conservatives say about Muslims? denounce the terrorist and we won't label you all terrorist
//denounce your racist in the party instead of attacking those who point out the racist in your party.
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Old 04-06-2013, 07:53 AM   #74
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Old 04-06-2013, 07:54 AM   #75
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Corporations are making record profits. How could so many people be falling into poverty?
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