Message Board Basketball Forum - InsideHoops

Go Back   Message Board Basketball Forum - InsideHoops > InsideHoops Main Basketball Forums > Off the Court Lounge

Off the Court Lounge Basketball fans talk about everything EXCEPT basketball here

Reply
 
Thread Tools
Old 09-12-2018, 11:36 AM   #1
Long Duck Dong
Local High School Star
 
Long Duck Dong's Avatar
 
Join Date: Mar 2008
Posts: 1,844
Thumbs up Inflation adjusted middle class incomes highest in 20 years

Poverty level lowest since 2000.

https://www.washingtonpost.com/busin...=.67151ad4291b

Quote:
September 12 at 10:27 AM
Middle-class income rose to a record level in 2017 as the strong economy lifted the fortunes of more Americans, the U.S. Census reported Wednesday.

The median U.S. household earned $61,372 last year, meaning half of the families in the country brought in more income than this and half earned less.

Crossing the $61,000 mark was important as it signals the American middle-class is earning a little more than it did in 1999, although the Census Bureau cautions median income is still not "statistically significant" from the late 1990s. All the income figures have been adjusted for inflation and are reported in 2017 dollars


Long Duck Dong is offline   Reply With Quote
Old 09-12-2018, 11:39 AM   #2
bigkingsfan
Gif-ted
 
bigkingsfan's Avatar
 
Join Date: Jun 2006
Location: Land of 1 NBA Championship*
Posts: 18,322
Default Re: Inflation adjusted middle class incomes highest in 20 years

Good luck with that.
bigkingsfan is online now   Reply With Quote
Old 09-12-2018, 11:46 AM   #3
SomeBlackDude
National High School Star
 
SomeBlackDude's Avatar
 
Join Date: Feb 2018
Posts: 2,457
Default Re: Inflation adjusted middle class incomes highest in 20 years

that's under hussein's last fiscal year, dawg (also saw record low/middle class wage growth the year before). before the gawd emperor imposed his goat maga tax bill. since then, real incomes have decreased and inflation is skyrocketing. as is the deficit.

Quote:
Federal deficit soars 32 percent to $895B

The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).

The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.

Quote:
The federal deficit is now projected to top $1 trillion in 2018

Spending on interest on the public debt increased by $55 billion, or 19 percent.

In April, the CBO had projected that the deficit would reach $804 billion by the end of fiscal 2018, at the end of September, and surpass $1 trillion by 2020 — which pushed up the CBO's previous projection for hitting $1 trillion by two years. Now, the deficit will near $1 trillion by the end of fiscal 2018 and almost certainly top it by the end of the calendar year.

tragic.
SomeBlackDude is offline   Reply With Quote
Old 09-12-2018, 12:15 PM   #4
Hardtop Hero
I rule the local playground
 
Join Date: Mar 2007
Posts: 531
Default Re: Inflation adjusted middle class incomes highest in 20 years

And yet, latest polls show him with a 36% approval rating. That should be unheard of under a solid economy. but is shows a few things:

A. Most people who aren't blindly partisan, or idiotic understand that Trump is riding the wave of the Obama recovery.

B. That being said, wages aren't where they need to be and have been flat for 40 years for all except the super wealthy. Student loan debt, healthcare costs, cost of living, etc. is crushing for too much of this country. Trump will do nothing about this.

C. People really really dislike Donald Trump.
Hardtop Hero is offline   Reply With Quote
Old 09-12-2018, 12:28 PM   #5
Long Duck Dong
Local High School Star
 
Long Duck Dong's Avatar
 
Join Date: Mar 2008
Posts: 1,844
Default Re: Inflation adjusted middle class incomes highest in 20 years

Quote:
Originally Posted by Hardtop Hero
And yet, latest polls show him with a 36% approval rating. That should be unheard of under a solid economy. but is shows a few things:


According to the most accurate major poll of the Trump-Clinton election. Trump is at 45%. Last week it was 48%
Long Duck Dong is offline   Reply With Quote
Old 09-12-2018, 12:30 PM   #6
Cleverness
GSW Fan Since the 90s
 
Cleverness's Avatar
 
Join Date: Apr 2013
Posts: 1,449
Default Re: Inflation adjusted middle class incomes highest in 20 years

100 years ago the Spanish Flu wiped out 25% of the world population. Then the great depression hit and people were living on 2 SLICES OF BREAD PER DAY. Oh, and working their asses off! 60 hours a week. Life was actually tough.

Now we sit and stare at glowing rectangles and eat until we're obese while whining about King Donald Trump.. "he did a fist pump! this is so important in my life! how dare he? How absolutely dare he!?"

Quote:
Originally Posted by SomeBlackDude
since then, real incomes have decreased and inflation is skyrocketing. as is the deficit.

tragic.

Always has me rollin' when these leftists complain about deficit/debt while begging for bigger government. The federal gov't stole $3.32 trillion in 2017 and it is estimated it will steal even more in 2018 and 2019 under Trump's tax plan

FY 2019 - $3.422 trillion, estimated.
FY 2018 - $3.34 trillion, estimated.
FY 2017 - $3.32 trillion.
FY 2016 - $3.27 trillion.

https://www.thebalance.com/current-u...evenue-3305762

How much more do you think Trump and the Feds should steal? Do you really think he will spend our money better than we can? Why do you want him to have more money and power?
Cleverness is offline   Reply With Quote
Old 09-12-2018, 12:42 PM   #7
Hardtop Hero
I rule the local playground
 
Join Date: Mar 2007
Posts: 531
Default Re: Inflation adjusted middle class incomes highest in 20 years

Quote:
Originally Posted by Long Duck Dong
According to the most accurate major poll of the Trump-Clinton election. Trump is at 45%. Last week it was 48%

Rasmussen. Who even Repubs admit is heavily right skewed. You have to understand, I know that you normally live in your Breitbart, Fox, etc. world where it's safe and comfy in the bubble. But that shit doesn't fly with anyone who is even minimally informed.
Hardtop Hero is offline   Reply With Quote
Old 09-12-2018, 01:13 PM   #8
Cleverness
GSW Fan Since the 90s
 
Cleverness's Avatar
 
Join Date: Apr 2013
Posts: 1,449
Default Re: Inflation adjusted middle class incomes highest in 20 years

Quote:
Originally Posted by Hardtop Hero
And yet, latest polls show him with a 36% approval rating. That should be unheard of under a solid economy. but is shows a few things:

A. Most people who aren't blindly partisan, or idiotic understand that Trump is riding the wave of the Obama recovery.

B. That being said, wages aren't where they need to be and have been flat for 40 years for all except the super wealthy. Student loan debt, healthcare costs, cost of living, etc. is crushing for too much of this country. Trump will do nothing about this.

C. People really really dislike Donald Trump.

D. People really really really really disliked Hillary Clinton


I'm glad you mentioned student loans and healthcare. Those are great examples of big gov't doing what it always does.


Who in their right mind would be anti-education?

The gov't offered, and continues to offer, giant 200k+ student loans to people, even if they wanted to waste 4 years sitting inside of a brick and mortar classroom learning about art history. Good idea right? People in charge of the schools lobbied the gov't and then the big money is automatically transferred to them. Now those administrators are retiring on multi-million dollar pension plans, while students (and parents) are sky high in debt. But at least they know art history. THANKS BIG GOVERNMENT!


Gov't has also been increasingly involved in healthcare for the past 40 years. Depending on how you define it, 65 to 80 percent of healthcare spending is government funded. I wonder why the prices are so high?

Medicaid started as a small program to help the 2% of people who could not help themselves. Of course, only a person who is anti-healthcare could argue with that.

A kid with down syndrome.. or a paraplegic.. well, 99% of our population (yes, including Trump voters) wouldn't mind spending a little bit of their tax dollars to a program that helped them, even if it meant some of the money would be pocketed by the people running the program.

But the high cost of good intentions followed, like it always does with gov't programs. "If person A is eligible, why not person B?" And 40 years later we have person ZZYZX eligible and.. wait for it..

Medicaid spending in 2016 was $553,453,647,756 (source)

Mylan lobbied the gov't to keep brand name Epipen in every "school" in the United States (I put school in quotes because our public schools are a f'ing joke). I know that several public schools don't allow students to bring the generic epinephrine pen to their public school, so they were forced to buy the brand Epipen. Well, if you're selling an Epipen to the gov't you might as well charge TOP DOLLAR and make record profits (which they did). THANKS BIG GOVERNMENT!

If you're selling a Hep C drug like Solvadi to the gov't, you might as well
charge $8400 per treatment.. or $84,000

Keep voting for bigger government. I'm sure they'll do the right thing with our money.
Cleverness is offline   Reply With Quote
Old 09-12-2018, 01:15 PM   #9
shlver
코비=GOAT
 
Join Date: Feb 2009
Posts: 4,295
Default Re: Inflation adjusted middle class incomes highest in 20 years

It doesn't matter. Businesses are hurting because of Trump's war on trade deficits. The thing is China can hold out much longer than elected politicians in our government.

Quote:
A newly-formed coalition called Americans for Free Trade — comprised of thousands of businesses, farmers, manufacturers and other stakeholders — has launched a multi-million dollar campaign focused on amplifying the voices of Americans harmed by President Trump's trade war.

https://www.axios.com/free-trade-coa...9c5d5d530.html
shlver is offline   Reply With Quote
Old 09-12-2018, 01:25 PM   #10
Long Duck Dong
Local High School Star
 
Long Duck Dong's Avatar
 
Join Date: Mar 2008
Posts: 1,844
Default Re: Inflation adjusted middle class incomes highest in 20 years

Quote:
Originally Posted by Hardtop Hero
Rasmussen. Who even Repubs admit is heavily right skewed. You have to understand, I know that you normally live in your Breitbart, Fox, etc. world where it's safe and comfy in the bubble. But that shit doesn't fly with anyone who is even minimally informed.

Fact remains they were closest to being right of all the major polls, and the liberal slanted polls were dead wrong. Plus Rasmussen didn't even have Trump winning, they had him down 2 points on election day
Long Duck Dong is offline   Reply With Quote
Old 09-12-2018, 02:09 PM   #11
Lakers Legend#32
College star
 
Lakers Legend#32's Avatar
 
Join Date: Apr 2007
Location: Low Rent Dist of Raider Nation
Posts: 4,194
Default Re: Inflation adjusted middle class incomes highest in 20 years

Do the TrumpTards understand that anything below 50% approval rating is certain doom for an incumbent president? Trump is at 36%.
Lakers Legend#32 is offline   Reply With Quote
Old 09-12-2018, 02:16 PM   #12
NumberSix
Big Booty Hoes!!
 
NumberSix's Avatar
 
Join Date: Apr 2011
Location: The Internets
Posts: 27,956
Default Re: Inflation adjusted middle class incomes highest in 20 years

Quote:
Originally Posted by Lakers Legend#32
Do the TrumpTards understand that anything below 50% approval rating is certain doom for an incumbent president? Trump is at 36%.
Do you understand that when Trump runs in 2020, he’ll have an opponent?
NumberSix is offline   Reply With Quote
This NBA Basketball News Website Sponsored by:


Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 10:36 AM.






NBA BASKETBALL FORUM KEY LINKS:

NBA Basketball

NBA Rumors

Basketball Blog

NBA Videos

Search Site

FOLLOW US
Twitter
Facebook
Instagram
YouTube
















Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd. Terms of Use/Service | Privacy Policy