mathystuff
Super Anarchist
- 1,261
- 894
The US needs a new election system so it can get a parliament with more than 2 parties. Cut gerrymandering while you are at it.
GOP will cut Social Security and make Trump Tax Cuts permanent
- Thread starter billy backstay
- Start date
Steam Flyer
Sophisticated Yet Humble
jzk
Super Anarchist
- 13,032
- 483
Is this a real post? Are you really sloop? Sloop says stupid shit like this regularly.
By 1850, masses in the US were lifted out of poverty, compared to living standards of 1800 and 1700 and 1600. But capitalism keeps working, so that in 2022 standards of living are now better than 1850. In 2050, they will be even better.
Elegua
Generalissimo
The US generated the most wealth ever at a time when it had its highest marginal income tax rates. Additionally, this income growth was fairly equitably distributed. Strange. It’s almost as it there is something other than tax rates that drive the economy.
The White House on Saturday condemned a newly introduced Republican bill that would repeal the Inflation Reduction Act, a law that includes a number of changes aimed at lowering costs for Medicare recipients.
Unveiled Thursday by freshman Rep. Andy Ogles (R-Tenn.), the bill has 20 original co-sponsors and is endorsed by several right-wing groups, including the Koch-funded organization Americans for Prosperity.
The Biden White House argued that rolling back the Inflation Reduction Act, which also contains major climate investments, would represent "one of the biggest Medicare benefit cuts in American history" as well as a "handout to Big Pharma." According to Politico, which first reported the White House's response to the GOP bill, the administration is planning to release "state-by-state data indicating how this would affect constituents in different areas."
"House Republicans are trying to slash lifelines for middle-class families on behalf of rich special interests," White House spokesperson Andrew Bates said in a statement. "Who on earth thinks that welfare for Big Pharma is worth selling out over a million seniors in their home state?”
The Inflation Reduction Act authorized a $35-per-month cap on insulin copayments for Medicare recipients, as well as an annual $2,000 total limit on out-of-pocket drug costs.
The bill will also, among other long-overdue changes, allow Medicare to begin negotiating the prices of a subset of the most expensive prescription drugs directly with pharmaceutical companies, which fiercely opposed the law and are working with Republicans to sabotage it. The newly negotiated prices are set to take effect in 2026.
Ogles, whose two-page bill would eliminate the above reforms, repeatedly attacked Medicare, Medicaid, and other federal programs and protections during his 2022 campaign for the U.S. House.
ADVERTISEMENT
The White House's critique of Ogles' bill comes as Biden is facing pressure from advocates and physicians to cancel a Medicare privatization scheme that his administration inherited from its right-wing predecessor and rebranded.
It also comes as the White House is locked in a standoff with House Republicans over the debt ceiling. Republican lawmakers have pushed for deeply unpopular cuts to Medicare, Social Security, and other critical federal programs as a necessary condition for any deal to raise the country's borrowing limit and avert a catastrophic default.
"In less than a month, MAGA extremists have threatened to drive the economy into a recession by defaulting on our debt, promised to bring up a bill to impose a 30% national sales tax, and now have introduced legislation to repeal the Inflation Reduction Act," Patrick Gaspard, president and CEO of the Democratic Party-aligned Center for American Progress said in a statement. "This will cut taxes for corporations who earn billions in profit while empowering Big Pharma and Big Oil to continue ripping off the American people."
"It is vital that all Americans understand what is at risk if MAGA extremists succeed in passing their latest dangerous idea: millions of lost jobs, millions more without health insurance, and higher costs for lifesaving insulin, utilities, and more," Gaspard added.
www.rawstory.com
Unveiled Thursday by freshman Rep. Andy Ogles (R-Tenn.), the bill has 20 original co-sponsors and is endorsed by several right-wing groups, including the Koch-funded organization Americans for Prosperity.
The Biden White House argued that rolling back the Inflation Reduction Act, which also contains major climate investments, would represent "one of the biggest Medicare benefit cuts in American history" as well as a "handout to Big Pharma." According to Politico, which first reported the White House's response to the GOP bill, the administration is planning to release "state-by-state data indicating how this would affect constituents in different areas."
"House Republicans are trying to slash lifelines for middle-class families on behalf of rich special interests," White House spokesperson Andrew Bates said in a statement. "Who on earth thinks that welfare for Big Pharma is worth selling out over a million seniors in their home state?”
The Inflation Reduction Act authorized a $35-per-month cap on insulin copayments for Medicare recipients, as well as an annual $2,000 total limit on out-of-pocket drug costs.
The bill will also, among other long-overdue changes, allow Medicare to begin negotiating the prices of a subset of the most expensive prescription drugs directly with pharmaceutical companies, which fiercely opposed the law and are working with Republicans to sabotage it. The newly negotiated prices are set to take effect in 2026.
Ogles, whose two-page bill would eliminate the above reforms, repeatedly attacked Medicare, Medicaid, and other federal programs and protections during his 2022 campaign for the U.S. House.
ADVERTISEMENT
The White House's critique of Ogles' bill comes as Biden is facing pressure from advocates and physicians to cancel a Medicare privatization scheme that his administration inherited from its right-wing predecessor and rebranded.
It also comes as the White House is locked in a standoff with House Republicans over the debt ceiling. Republican lawmakers have pushed for deeply unpopular cuts to Medicare, Social Security, and other critical federal programs as a necessary condition for any deal to raise the country's borrowing limit and avert a catastrophic default.
"In less than a month, MAGA extremists have threatened to drive the economy into a recession by defaulting on our debt, promised to bring up a bill to impose a 30% national sales tax, and now have introduced legislation to repeal the Inflation Reduction Act," Patrick Gaspard, president and CEO of the Democratic Party-aligned Center for American Progress said in a statement. "This will cut taxes for corporations who earn billions in profit while empowering Big Pharma and Big Oil to continue ripping off the American people."
"It is vital that all Americans understand what is at risk if MAGA extremists succeed in passing their latest dangerous idea: millions of lost jobs, millions more without health insurance, and higher costs for lifesaving insulin, utilities, and more," Gaspard added.
White House says GOP bill would force 'one of the biggest Medicare benefit cuts' in history
The White House on Saturday condemned a newly introduced Republican bill that would repeal the Inflation Reduction Act, a law that includes a number of changes aimed at lowering costs for Medicare recipients.Unveiled Thursday by freshman Rep. Andy Ogles (R-Tenn.), the bill has 20 original...
www.rawstory.com
SloopJonB
Super Anarchist
Jizzkid is so lost in his ideology of the perfection of unbridled capitalism that he still thinks the U.S. has the highest standard of living in the world.
The reality is that is doesn't even make the top 10.
Top 10 Countries* with the Highest Quality of Life, mid-2021 - Numbeo
- Switzerland - 188.36
- Denmark - 186.25
- Netherlands - 180.27
- Finland - 178.95
- Australia - 178.41
- Iceland - 177.64
- Austria - 176.36
- Germany - 175.24
- New Zealand - 173.60
- Luxembourg - 171.81
Top 10 Countries with the Highest Quality of Life - U.S. News Best Countries Report 2021
We have a burger joint in Burnaby called Lost in the 50's.He'd be right at home there.
Actually, even the owners of the place would regard him as a dimwit.
Steam Flyer
Sophisticated Yet Humble
Sssshhh-hh!! You're gonna scare the fish!
billy backstay
Backstay, never bought a suit, never went to Vegas
pusslicker
Super Anarchist
jzk
Super Anarchist
- 13,032
- 483
That is a big pile of well debunked bullshit.
Debunking the 'Productivity-Pay Gap' – Economics from the Top Down
The 'productivity-pay gap' has nothing to do with productivity. Here's why.
economicsfromthetopdown.com
The wage decoupling mess - Econlib
The media continues to obsess over the so-called “wage decoupling” issue, the gap between the growth rate of median wages and the growth rate of GDP. Let’s start by asking why people are even interested in comparing these two growth rates. What are they supposed to show? Why not compare wages to...
www.econlib.org
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.aspeninstitute.org/wp-content/uploads/2019/01/3.2-Pgs.-168-179-The-Link-Between-Wages-and-Productivity-is-Strong.pdf
The Myth of the Great Wages 'Decoupling'
Many pundits, politicians and economists claim that wages have fallen behind productivity gains over the last generation.
Debunking a Myth in 1 Chart: Wage & Productivity Growth - AAF
According to a new report by the Economic Policy Institute, there is an “historic divergence between productivity and a typical worker’s pay.” This is not the first time this myth has reared its head and won’t be the last. It is a fable that has been repeated as an explanation for low wages...
www.americanactionforum.org
Does Compensation Lag Behind Productivity? - AAF
While advocating for policies like raising the minimum wage and expanding overtime pay coverage, many assert that compensation has not grown with labor productivity. They claim that since the 1970s there has been a stark divergence between the growth in worker pay and the growth in labor...
www.americanactionforum.org
Elegua
Generalissimo
The US
The US would be near the top if we cut out some red states.
jzk
Super Anarchist
- 13,032
- 483
The US ranks #25 in economic freedom, far below many of those countries. Further, one must look how "standard of living" is defined.
Olsonist
Disgusting Liberal Elitist
Yeah, nah.
Country Rankings: World & Global Economy Rankings on Economic Freedom
Country rankings based on economic freedom. World and global economy rankings from the Index of Economic Freedom are published by The Heritage Foundation.
www.heritage.org
jzk
Super Anarchist
- 13,032
- 483
Yes, #25. Like I said.Yeah, nah.
Country Rankings: World & Global Economy Rankings on Economic Freedom
Country rankings based on economic freedom. World and global economy rankings from the Index of Economic Freedom are published by The Heritage Foundation.
Got anything else?
Olsonist
Disgusting Liberal Elitist
SloopJonB
Super Anarchist
He doesn't even have that.
What he has is an ideology that says "pure capitalism good, everything else bad".
That is the full extent of his intellectual breadth.
What he has is an ideology that says "pure capitalism good, everything else bad".
That is the full extent of his intellectual breadth.
Last edited:
Fah Kiew Tu
Curmudgeon, First Rank
Well, one thing's for sure. I'm a hell of a lot happier with my taxpayer-funded (NOT free) health care than I was with my rapacious insurance company denying 'health insurance' - NOT health CARE - in the USA.
So naturally you'd label this as bullshit - because it isn't and you hate it.
FKT
badlatitude
Soros-backed
- 33,604
- 7,304
The economy is like climate change, paid lackeys stand ready to write any counterargument to further partisan disagreement.That is a big pile of well debunked bullshit.
Debunking the 'Productivity-Pay Gap' – Economics from the Top Down
The 'productivity-pay gap' has nothing to do with productivity. Here's why.
The wage decoupling mess - Econlib
The media continues to obsess over the so-called “wage decoupling” issue, the gap between the growth rate of median wages and the growth rate of GDP. Let’s start by asking why people are even interested in comparing these two growth rates. What are they supposed to show? Why not compare wages to...www.econlib.org
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.aspeninstitute.org/wp-content/uploads/2019/01/3.2-Pgs.-168-179-The-Link-Between-Wages-and-Productivity-is-Strong.pdf
The Myth of the Great Wages 'Decoupling'
Many pundits, politicians and economists claim that wages have fallen behind productivity gains over the last generation.www.hoover.org
Debunking a Myth in 1 Chart: Wage & Productivity Growth - AAF
According to a new report by the Economic Policy Institute, there is an “historic divergence between productivity and a typical worker’s pay.” This is not the first time this myth has reared its head and won’t be the last. It is a fable that has been repeated as an explanation for low wages...
Does Compensation Lag Behind Productivity? - AAF
While advocating for policies like raising the minimum wage and expanding overtime pay coverage, many assert that compensation has not grown with labor productivity. They claim that since the 1970s there has been a stark divergence between the growth in worker pay and the growth in labor...
