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RE: Good Job Backing Up Opinion With Facts
Posted on: September 9, 2016 at 09:26:28 CT
aj_arete01 MU
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Now let's address them individually.
Are student loans rising?
Yes, that's because university presidents realized that Americans would do whatever it takes to attend college since almost all good paying jobs require it. Now libertarians would say that we should rid the system of most financial aid. While I agree that would bring tuition costs down, I'd guess that would still price low income and middle income Americans from going to college because they have not saved properly.
Are food stamps on the rise?
Yes and it's again based on the changing needs of a global economy where technology and a surplus of low skilled workers abroad have brought down wages for ordinary Americans. Is that Obama's fault? I'd say no because technology and its impact started over two decades ago. I'd blame our K-12 and higher education systems more.
Did federal debt rise exponentially under Obama?
Yes, but it was already projected to rise exponentially as Americans got older and Social Security and Medicare spending rose with it. Now I agree that Obama made it worse in 2010 with his stimulus bill, but I'd counter that it was necessary to mitigate the recession. In fact, I would have argued that the stimulus should have been greater. Are we facing consequences from high debt? I'd agree, but I'd point the blame toward the Fed more for not raising rates sooner, though they were forced to do this because Congress refused to cooperate with Obama.
Is money printing rising?
Yes and refer to my response to previous question to see why. While there has been little inflation, I am concerned that this could result in a future correction of equity markets in the future. Since Obama did appoint Yellen, you can blame him for that.
Are health insurance costs rising?
Yes, but if you look at that graph, they're actually growing at much slower rates. Given an aging population where people are more likely to be sick, I'd still rate this as progress.
Is the labor force participation rate falling?
Yes, I'll acknowledge that. However when it comes to prime age working adults (25-54), it's risen some. Most of the decline can be attributed to Baby Boomers retiring. Also, we can say that more adults are acquiring more college education, which might hurt the labor force participation rate now, but their prospects for better employment could get better in the future.
As for the next two graphs, workers' share of economy and median family income, I've already addressed this before. The culprit is technology.
As for home ownership, the decline can be attributed to the Great Recession and questionable lending practices that eroded the wealth of many ordinary Americans. However that graph is outdated and doesn't highlight how much the housing market has improved this year. Home prices are on the rise and more homes are selling.
Are student loans rising?
Yes, that's because university presidents realized that Americans would do whatever it takes to attend college since almost all good paying jobs require it. Now libertarians would say that we should rid the system of most financial aid. While I agree that would bring tuition costs down, I'd guess that would still price low income and middle income Americans from going to college because they have not saved properly.
Are food stamps on the rise?
Yes and it's again based on the changing needs of a global economy where technology and a surplus of low skilled workers abroad have brought down wages for ordinary Americans. Is that Obama's fault? I'd say no because technology and its impact started over two decades ago. I'd blame our K-12 and higher education systems more.
Did federal debt rise exponentially under Obama?
Yes, but it was already projected to rise exponentially as Americans got older and Social Security and Medicare spending rose with it. Now I agree that Obama made it worse in 2010 with his stimulus bill, but I'd counter that it was necessary to mitigate the recession. In fact, I would have argued that the stimulus should have been greater. Are we facing consequences from high debt? I'd agree, but I'd point the blame toward the Fed more for not raising rates sooner, though they were forced to do this because Congress refused to cooperate with Obama.
Is money printing rising?
Yes and refer to my response to previous question to see why. While there has been little inflation, I am concerned that this could result in a future correction of equity markets in the future. Since Obama did appoint Yellen, you can blame him for that.
Are health insurance costs rising?
Yes, but if you look at that graph, they're actually growing at much slower rates. Given an aging population where people are more likely to be sick, I'd still rate this as progress.
Is the labor force participation rate falling?
Yes, I'll acknowledge that. However when it comes to prime age working adults (25-54), it's risen some. Most of the decline can be attributed to Baby Boomers retiring. Also, we can say that more adults are acquiring more college education, which might hurt the labor force participation rate now, but their prospects for better employment could get better in the future.
As for the next two graphs, workers' share of economy and median family income, I've already addressed this before. The culprit is technology.
As for home ownership, the decline can be attributed to the Great Recession and questionable lending practices that eroded the wealth of many ordinary Americans. However that graph is outdated and doesn't highlight how much the housing market has improved this year. Home prices are on the rise and more homes are selling.
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I prefer credible experts, not biased leftist organizations(nm) - Ragnar Danneskjold MU
- 9/9 09:49:22RE: Good Job Backing Up Opinion With Facts - aj_arete01 MU - 9/9 09:26:28