Essential Economics for Politicians

The AP analysis found states that expanded Medicaid under President Barack Obama's health overhaul reported spending their allocations more slowly than states that didn't expand the health insurance program to poor, childless adults.

Why? In states that expanded Medicaid, the insurance program already covers addiction treatment for nearly everyone who is poor and needs it.

The Trump administration has said a recent survey shows efforts are working.

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Lion Eyes said:
You, the Mayor of "trollville", project your inadequacies on anyone with whom you disagree.
Angry, not even.
I'm blessed in so many ways, family, friends, work, where I live...all of these couldn't be better.
The Dodgers are going back to the World Series, the Rams are undefeated, the Waves are on a Roll.
And I've got you to laugh at while pointing out what an ignorant asswipe you are...
You continue to tee it up for so many to easily pummel your asinine posts.
Keep up the good work Daffy.
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Good old LE, it's always the same game with you. Years of pissing and moaning, then when called on it you go all soft and fluffy as if everything is rose. Well mi amigo, you wear it on your sleeve and can't wipe it off with one little tissue. Enjoy!
 
Hüsker Dü said:
Good old LE, it's always the same game with you. Years of pissing and moaning, then when called on it you go all soft and fluffy as if everything is rose. Well mi amigo, you wear it on your sleeve and can't wipe it off with one little tissue. Enjoy!
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Ahhhh, projecting once again, you ignorant piece of shit.
Pointing out your stupidity is the same old game with me, you're getting your lame ass handed to you daily.
Tee up another one dumb ass....
 
Hüsker Dü said:
The AP analysis found states that expanded Medicaid under President Barack Obama's health overhaul reported spending their allocations more slowly than states that didn't expand the health insurance program to poor, childless adults.

Why? In states that expanded Medicaid, the insurance program already covers addiction treatment for nearly everyone who is poor and needs it.

The Trump administration has said a recent survey shows efforts are working.

b2e64f2a-d5c8-11e8-a6a1-41eb84ecc04d
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Fake News.
 
Trump's mystery tax cut puzzles Washington

The president has spoken twice about a tax plan no one else seems to know anything about. 'I guess I’ll hear about it when I get to work on Monday,' one official said.

Trump said that House Speaker Paul Ryan was involved in crafting the plan. But Ryan’s office shed no light, referring questions back to the White House.

The GOP is already scrambling to avoid criticism for the ballooning debt and deficit under Trump’s watch. The president’s own Treasury Department reported last week that the deficit hit $779 billion in the 2018 fiscal year, the highest level since 2012, following the GOP tax cut bill and a massive spending increase in Congress. Jason Furman, who served as chair of the Council of Economic Advisers under President Barack Obama suggested a 10 percent middle class tax cut would cost roughly $2 trillion over ten years.

And for Republicans making the final sprint to the midterms, Trump talking about tax cuts – even fanciful ones with no chance of happening – is better than Trump talking about much of anything else.

https://www.politico.com/story/2018/10/22/trump-new-tax-cut-midterms-925383
 
Booter said:
Trump's mystery tax cut puzzles Washington

The president has spoken twice about a tax plan no one else seems to know anything about. 'I guess I’ll hear about it when I get to work on Monday,' one official said.

Trump said that House Speaker Paul Ryan was involved in crafting the plan. But Ryan’s office shed no light, referring questions back to the White House.

The GOP is already scrambling to avoid criticism for the ballooning debt and deficit under Trump’s watch. The president’s own Treasury Department reported last week that the deficit hit $779 billion in the 2018 fiscal year, the highest level since 2012, following the GOP tax cut bill and a massive spending increase in Congress. Jason Furman, who served as chair of the Council of Economic Advisers under President Barack Obama suggested a 10 percent middle class tax cut would cost roughly $2 trillion over ten years.

And for Republicans making the final sprint to the midterms, Trump talking about tax cuts – even fanciful ones with no chance of happening – is better than Trump talking about much of anything else.

https://www.politico.com/story/2018/10/22/trump-new-tax-cut-midterms-925383
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'Fair Share' Reality Check: The Top Three Percent Paid More Than Half of All Federal Income Taxes
Guy Benson
 
Booter said:
Trump's mystery tax cut puzzles Washington

The president has spoken twice about a tax plan no one else seems to know anything about. 'I guess I’ll hear about it when I get to work on Monday,' one official said.

Trump said that House Speaker Paul Ryan was involved in crafting the plan. But Ryan’s office shed no light, referring questions back to the White House.

The GOP is already scrambling to avoid criticism for the ballooning debt and deficit under Trump’s watch. The president’s own Treasury Department reported last week that the deficit hit $779 billion in the 2018 fiscal year, the highest level since 2012, following the GOP tax cut bill and a massive spending increase in Congress. Jason Furman, who served as chair of the Council of Economic Advisers under President Barack Obama suggested a 10 percent middle class tax cut would cost roughly $2 trillion over ten years.

And for Republicans making the final sprint to the midterms, Trump talking about tax cuts – even fanciful ones with no chance of happening – is better than Trump talking about much of anything else.

https://www.politico.com/story/2018/10/22/trump-new-tax-cut-midterms-925383
Click to expand...
Sucker
 
Booter said:
Trump's mystery tax cut puzzles Washington

The president has spoken twice about a tax plan no one else seems to know anything about. 'I guess I’ll hear about it when I get to work on Monday,' one official said.

Trump said that House Speaker Paul Ryan was involved in crafting the plan. But Ryan’s office shed no light, referring questions back to the White House.

The GOP is already scrambling to avoid criticism for the ballooning debt and deficit under Trump’s watch. The president’s own Treasury Department reported last week that the deficit hit $779 billion in the 2018 fiscal year, the highest level since 2012, following the GOP tax cut bill and a massive spending increase in Congress. Jason Furman, who served as chair of the Council of Economic Advisers under President Barack Obama suggested a 10 percent middle class tax cut would cost roughly $2 trillion over ten years.

And for Republicans making the final sprint to the midterms, Trump talking about tax cuts – even fanciful ones with no chance of happening – is better than Trump talking about much of anything else.

https://www.politico.com/story/2018/10/22/trump-new-tax-cut-midterms-925383
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Tax Cuts and CLOSED BORDERS !

Now what Booty Butt !
 
Trump said he would erase America's debt in 8 years. It's now bigger than ever.

As a candidate, Donald Trump promised to get rid of the entire national debt “over a period of eight years.” When this promise was made, the national debt stood at $19 trillion; it has since risen to $21.7 trillion. In the fiscal year ending September 30, it grew by $779 billion, up 17 percent from $666 billion in fiscal 2017. This year, after the Trump tax cuts take full effect, another $1 trillion worth of government IOUs will be issued.

“The deficit is absolutely higher than anyone would like,” says Kevin Hassett, chairman of the President’s Council of Economic Advisers. “Historically unprecedented,” adds Jason Furman, who occupied Hassett’s position in the Obama administration. He feels that with unemployment virtually non-existent, and the economy growing at annual rate of at least 3 percent, we should be paying down debt, not spilling more red ink over the national ledger. Indeed, in 2000, the last time the unemployment rate dipped below 4 percent, tax revenues rose 11 percent and the government ran a large budget surplus.

https://www.weeklystandard.com/irwin-m-stelzer/national-debt-under-trump-rises-to-21-7-trillion

Unlike in 2000 there is an idiot in the White House and not a Clinton.
 
Booter said:
Trump said he would erase America's debt in 8 years. It's now bigger than ever.

As a candidate, Donald Trump promised to get rid of the entire national debt “over a period of eight years.” When this promise was made, the national debt stood at $19 trillion; it has since risen to $21.7 trillion. In the fiscal year ending September 30, it grew by $779 billion, up 17 percent from $666 billion in fiscal 2017. This year, after the Trump tax cuts take full effect, another $1 trillion worth of government IOUs will be issued.

“The deficit is absolutely higher than anyone would like,” says Kevin Hassett, chairman of the President’s Council of Economic Advisers. “Historically unprecedented,” adds Jason Furman, who occupied Hassett’s position in the Obama administration. He feels that with unemployment virtually non-existent, and the economy growing at annual rate of at least 3 percent, we should be paying down debt, not spilling more red ink over the national ledger. Indeed, in 2000, the last time the unemployment rate dipped below 4 percent, tax revenues rose 11 percent and the government ran a large budget surplus.

https://www.weeklystandard.com/irwin-m-stelzer/national-debt-under-trump-rises-to-21-7-trillion

Unlike in 2000 there is an idiot in the White House and not a Clinton.
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Fake News
 
Booter said:
Trump said he would erase America's debt in 8 years. It's now bigger than ever.

As a candidate, Donald Trump promised to get rid of the entire national debt “over a period of eight years.” When this promise was made, the national debt stood at $19 trillion; it has since risen to $21.7 trillion. In the fiscal year ending September 30, it grew by $779 billion, up 17 percent from $666 billion in fiscal 2017. This year, after the Trump tax cuts take full effect, another $1 trillion worth of government IOUs will be issued.

“The deficit is absolutely higher than anyone would like,” says Kevin Hassett, chairman of the President’s Council of Economic Advisers. “Historically unprecedented,” adds Jason Furman, who occupied Hassett’s position in the Obama administration. He feels that with unemployment virtually non-existent, and the economy growing at annual rate of at least 3 percent, we should be paying down debt, not spilling more red ink over the national ledger. Indeed, in 2000, the last time the unemployment rate dipped below 4 percent, tax revenues rose 11 percent and the government ran a large budget surplus.

https://www.weeklystandard.com/irwin-m-stelzer/national-debt-under-trump-rises-to-21-7-trillion

Unlike in 2000 there is an idiot in the White House and not a Clinton.
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It's a good thing Clinton had a GOP Congress at that time.

Oh and BTW, when your legacy as President is 5 of your 8 years being $ubsidized by three rounds of QE, it's easy to see why debt has risen to $21.7 trillion without Trump spending a cent. When Obama left office interest payments on debt alone was nearly $3 trillion dollars......again thanks to 5 years of QE.

http://www.usdebtclock.org


 
Don't Blame Obama For Doubling The Federal Deficit

Republicans use a sound bite that the federal debt doubled under Obama. In looking at the numbers that is close to being numerically correct but falls short of being 100%. However when you take into account the Great Recession, making W. Bush’s temporary tax cuts permanent, increased Social Security and Medicare spending as more Baby Boomers retire and become 65 years old and the Afghanistan and Iraq wars he inherited the story is quite different.

President Obama’s debt actually grew at a slower annual rate than any of the Republican presidents even though there were events that negatively impacted the deficit that started before he became President. The Great Recession is probably the biggest of them as can be seen in the yearly deficit numbers. While all politicians use data to support their positions, the sound bite that the debt doubled under Obama is very misleading.

https://www.forbes.com/sites/chuckj...-than-reagan-h-w-bush-or-w-bush/#1732db4e1917
 
Bruddah IZ said:
It's a good thing Clinton had a GOP Congress at that time.

Oh and BTW, when your legacy as President is 5 of your 8 years being $ubsidized by three rounds of QE, it's easy to see why debt has risen to $21.7 trillion without Trump spending a cent. When Obama left office interest payments on debt alone was nearly $3 trillion dollars......again thanks to 5 years of QE.

http://www.usdebtclock.org
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Outside the box: Unconventional monetary policy in the Great Recession and beyond

Researchers face a number of challenges in measuring the effects of quantitative easing and forward guidance, both because the policies varied in their timing and size and because constructing counterfactual outcomes of the financial crisis is difficult. As a result, research tends to focus on changes in yields on Treasury bonds and mortgage-backed securities, using high frequency data around policy announcements (“event studies”) or time-series analyses of investor preferences (term structure models). While both methods have limitations, Kuttner argues term structure models are better equipped to disentangle the effects of QE and forward guidance, and to measure their cumulative effects on interest rates.

Despite these challenges, a large body of research indicates quantitative easing and forward guidance succeeded in lowering long-term interest rates and supporting economic activity. Several studies show the Fed’s forward guidance lowered expected future short-term interest rates and stabilized medium-term rates even as the economy improved. Estimates from both event studies and term-structure models suggest successive rounds of QE reduced 10-year Treasury yields by about 1½ percent—an effect Kuttner estimates to be comparable to that of a 4½ percentage-point cut in the Federal funds rate.

Forward guidance and quantitative easing will be essential tools for the Fed in future recessions, but policymakers should consider strategies to make the policies more measurable and effective. Kuttner proposes the Fed should deploy QE and forward guidance in a rule-like manner that clearly relates its actions to its dual mandate and economic forecasts. In addition, the apparent importance of portfolio rebalancing in the transmission of QE has implications for the design of asset purchases and the Fed’s communication about how they will be conducted. Finally, policymakers should treat forward guidance and QE as complementary tools rather than substitutes, as research suggests they operate through different channels but work together to reinforce the central bank’s commitment to monetary expansion.

https://www.brookings.edu/research/unconventional-monetary-policy-in-the-great-recession-and-beyond/

Your comments on QE are derived from ignorance and blind partisanship. i.e. Too much Fox News.
 
Booter said:
Yes, Trump indeed is an Idiot. But you support him so what does that make you? I await your foul mouthed crotchety response.
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I support him as much as I supported Obama.
I didn't vote for either one. Didn't give money to their campaigns.
They are both liars. They are both narcissistic. Both have served as our president.
Bless your little heart, you have a nice day....
 
Booter said:
Outside the box: Unconventional monetary policy in the Great Recession and beyond

Researchers face a number of challenges in measuring the effects of quantitative easing and forward guidance, both because the policies varied in their timing and size and because constructing counterfactual outcomes of the financial crisis is difficult. As a result, research tends to focus on changes in yields on Treasury bonds and mortgage-backed securities, using high frequency data around policy announcements (“event studies”) or time-series analyses of investor preferences (term structure models). While both methods have limitations, Kuttner argues term structure models are better equipped to disentangle the effects of QE and forward guidance, and to measure their cumulative effects on interest rates.

Despite these challenges, a large body of research indicates quantitative easing and forward guidance succeeded in lowering long-term interest rates and supporting economic activity. Several studies show the Fed’s forward guidance lowered expected future short-term interest rates and stabilized medium-term rates even as the economy improved. Estimates from both event studies and term-structure models suggest successive rounds of QE reduced 10-year Treasury yields by about 1½ percent—an effect Kuttner estimates to be comparable to that of a 4½ percentage-point cut in the Federal funds rate.

Forward guidance and quantitative easing will be essential tools for the Fed in future recessions, but policymakers should consider strategies to make the policies more measurable and effective. Kuttner proposes the Fed should deploy QE and forward guidance in a rule-like manner that clearly relates its actions to its dual mandate and economic forecasts. In addition, the apparent importance of portfolio rebalancing in the transmission of QE has implications for the design of asset purchases and the Fed’s communication about how they will be conducted. Finally, policymakers should treat forward guidance and QE as complementary tools rather than substitutes, as research suggests they operate through different channels but work together to reinforce the central bank’s commitment to monetary expansion.

https://www.brookings.edu/research/unconventional-monetary-policy-in-the-great-recession-and-beyond/

Your comments on QE are derived from ignorance and blind partisanship. i.e. Too much Fox News.
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You people have been falling for the same word salad in your posted article since the great depression. Do you even know what a “commitment to monetary expansion” means?
 
Imagine, if you will, that the United States federal government somehow received all of the money it normally would for the entire year on January 1st. The day it would have spent it all and started deficit spending (that is, spending money it simply doesn’t have) could be dubbed “Deficit Day.” This year, 2018, that day falls on October 19th. From this day until the end of the year, the US Federal Government is spending money it doesn’t have to the tune of about $11 billion per day. So what does that mean for the government. What does it mean for the people?
 
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