The Soapbox

Capital City Hoo

Joined: 08/30/2002 Posts: 6853
Likes: 12333


A couple of good points. I'll add a few thoughts


(1) the last person who didn't run a deficit during a recovering economy was Slick Willy. and that was a long time ago now. we can chalk that up to many factors, but theDonald ran deficits during an economic expansion that would make Obama blush. I'm not sure how we break the cycle - nobody seems to care any more (other than around election time).

(2) i worry it won't be transitory. stimulus and benefits will run their course (hopefully), but we seem to be *attempting* to come to grips in this country with what it means to earn a living wage. The $15 min conversations started before the pandemic, and (as with just about everything else), the pandemic seems to be accelerating those conversations. In a service economy, wages are a major cost driver. If we're going to raise wages, for any reason, we should expect prices to go up. Not a commentary on the wage policy proposals on the table, just a statement of the obvious.
[Post edited by Capital City Hoo at 05/12/2021 11:40AM]

(In response to this post by orangenblue)

Posted: 05/12/2021 at 11:27AM



+4

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Current Thread:
 
  
Remember, this is only the beginning. Thanks, Joe! -- Lupos 05/12/2021 10:22AM
  ^^^didn't read the link^^^ ** -- JMHoo 05/12/2021 11:40AM
  I actually did. But I see that either the link -- BocaHoo91 05/12/2021 11:44AM
  Uncle Joe ** -- MasterRusty 05/12/2021 11:01AM
  Nickname for Josef Stalin -- MasterRusty 05/17/2021 12:13PM
  False Claim: He's not your uncle. ** -- Blah 05/12/2021 11:10AM
  I don't think Rusty knows how to read. ** -- Blah 05/12/2021 11:33AM
  Correct - Joe is his daddy ** -- TomGlansAski 05/12/2021 11:20AM
  Did you actually read that article? ** -- WaxHoo 05/12/2021 10:26AM
  That would slow down the posting. ** -- Lazarus 05/12/2021 10:51AM
  ^^^ this is funny, I don’t care Hoo you are ** -- WaxHoo 05/12/2021 10:42AM
  Strong projecting -- Molina 05/12/2021 10:45AM
  At least one party does ** -- hokie in cville 05/12/2021 10:38AM

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