Bidenomics fails again.
And the liar in chief has the gall to promote his plan?
What planet is Joe Biden living on?

"More Americans Jobless Than Biden�s Official Unemployment Rate Shows"

<https://freerepublic.com/focus/f-news/4181820/posts>

"The labor market is nowhere near as strong as it appears. If that sounds
surprising, it�s because the absence of millions of Americans from the
workforce artificially lowers the unemployment rate.

Accounting for the missing workers reveals an unemployment rate of over
6%, not the official 3.8%.

To make sense of the numbers, we need to understand what led to today�s
labor market conditions. The two-month recession in 2020 wasn�t a normal
downturn caused by bad investment, misallocation of capital, and/or
overextension of credit. It was an artificial recession caused by the
government forcibly shutting down a robust economy during COVID-19,
ending a period of both fast growth and low inflation.

Tens of millions of Americans became unemployed in a span of two weeks.
But when those artificial constraints were lifted, the labor market came
back at the fastest rate ever and quickly was approaching its pre-
pandemic trend. This is the opposite of a normal recession, where the
labor market slowly accelerates into a recovery.

President Joe Biden inherited an economy that was growing at a $1.5
trillion annualized rate and was adding an average of 1.4 million jobs
per month after the government-imposed shutdowns. At the same time,
inflation was only 1.4%, below the Federal Reserve�s 2% target.

But Biden�s anti-growth, big-government agenda slammed the brakes on the
economy and the labor market.

After just 18 months of the Biden administration, inflation soared to 40-
year highs, and the economy contracted for two consecutive quarters.
Average monthly job growth has slowed 70%, and America remains 4.6
million jobs below its pre-pandemic trend.

The Bureau of Labor Statistics� survey of households contains even worse
data, showing the number of Americans employed remains 5.5 million below
its pre-pandemic trend. The survey also shows a depressed labor force
participation rate and a shocking increase in the number of those not in
the labor force, relative to February 2020.

Before the government-imposed lockdowns, the number not in the labor
force was about 95 million and falling. Since June 2020, however, the
level has been stuck around 100 million. That means millions of Americans
left the labor market and still haven�t come back, which explains why the
ratio of employment to the population also shows a gap of 4.5 million
relative to its trend.

These millions of missing workers skew many of the statistics used to
gauge the health of the labor market. Imagine a labor force of 100 people
wherein 10 are unemployed, giving an unemployment rate of 10%. If one of
those unemployed persons leaves the labor force, the unemployment rate
drops to 9.1% (with 9 divided by 99).

No jobs were created, but the unemployment rate went down. That�s exactly
what�s been happening in the real economy.

Accounting for the millions of people currently excluded from the labor
market reveals an unemployment rate between 6.3% and 6.8%, much higher
than the official 3.8% rate.

To further illustrate the point, over 700,000 Americans rejoined the
labor force last month, in part because families are having trouble
making ends meet. Less than a third of them were able to find work, and
even fewer found full-time jobs. Yet despite the increase in employment,
the unemployment rate rose because so many more people are finally being
included in the official number of unemployed.

Yet there are even more indicators showing weakness in the labor market.
The number of job openings has plummeted to below the pre-pandemic trend,
indicating softening labor demand, which will put downward pressure on
wage growth. At the same time, businesses are cutting hours and reducing
the number of full-time employees.

As inflation continues to eat into family budgets and more households
need a second income, additional people are reentering the labor market,
all while businesses are hiring less. That will drive the official
unemployment rate much higher and expose this shell game for what it is."

Paul Ragna <tpragna1900O@gmail.com> wrote in
news:XnsB07D77BBB87AA882000099222@135.181.20.170:

> Bidenomics fails again.
> And the liar in chief has the gall to promote his plan?
> What planet is Joe Biden living on?
>
> "More Americans Jobless Than Biden�s Official Unemployment Rate Shows"
>
> <https://freerepublic.com/focus/f-news/4181820/posts>
>
> "The labor market is nowhere near as strong as it appears. If that
> sounds surprising, it�s because the absence of millions of Americans
> from the workforce artificially lowers the unemployment rate.
>
> Accounting for the missing workers reveals an unemployment rate of
> over 6%, not the official 3.8%.

Indeed.

Unemployment still skyrocketing
May 7, 2020
https://www.foxnews.com/politics/unemployment-still-skyrocketing

Oh wait, that was under Trump.

From Fox News just last week:

The lowest unemployment rate in five decades

Since March 2022, the unemployment
rate has ranged from 3.4% to 3.7%.
Its consistency reflects a resilient
U.S. labor market despite economic
woes, including high inflation and
11 federal funds rate hikes since
March 2022.

https://fox59.com/news/national-world/labor-day-snapshot-7-stats-about-
american-workers/

On 9/12/2023 8:46 AM, Paul Ragna wrote:

>
> "More Americans Jobless Than Biden’s Official Unemployment Rate Shows"
>
> <https://freerepublic.com/focus/f-news/4181820/posts>
>
> "The labor market is nowhere near as strong as it appears. If that sounds
> surprising, it’s because the absence of millions of Americans from the
> workforce artificially lowers the unemployment rate.

That's a lie. The labor participation rate is rising.

Seasonally adjusted labor participation rate (percentage):

Aug 2022 — 62.3
Apr 2023 — 62.6
May 2023 — 62.6
Jun 2023 — 62.6
Jul 2023 — 62.6
Aug 2023 — 62.8

https://www.bls.gov/news.release/empsit.t01.htm

The unemployment rate went up by three-tenths of a point last month, despite
more new jobs, *because* people who were out of the labor force are coming back
into it, but they haven't all found jobs yet.

Ragweed lied.

On 12 Sep 2023, Rudy Canoza aka Jay Santos <js@cap.gov> posted some
news:QN3MM.302$3V4d.26@fx39.iad:

> On 9/12/2023 8:46 AM, Paul Ragna wrote:
>
>>
>> "More Americans Jobless Than Biden’s Official Unemployment Rate
>> Shows"
>>
>> <https://freerepublic.com/focus/f-news/4181820/posts>
>>
>> "The labor market is nowhere near as strong as it appears. If that
>> sounds surprising, it’s because the absence of millions of
>> Americans from the workforce artificially lowers the unemployment
>> rate.
>
> That's a lie.

> https://www.bls.gov/news.release/empsit.t01.htm

Biden and his administration are a bunch of liars. Do you really think we
don't know the difference?

In a campaign speech last week, Mr. Biden basically told voters not to
believe their lying eyes, spouting cherry-picked statistics that paint the
economy as rosier than it really is.

�We created 13.4 million new jobs,� Mr. Biden boasted.

Not true. The U.S. has gained roughly 2 million jobs since before the
pandemic hit.

The job recovery began under former President Donald Trump, who oversaw
the recovery of 16.6 million jobs. Mr. Biden confuses �jobs created� with
�jobs recovered.�

On 2023-09-12, Mitchell Holman <noemail@verizon.net> wrote:
> Paul Ragna <tpragna1900O@gmail.com> wrote in
> news:XnsB07D77BBB87AA882000099222@135.181.20.170:
>
>> Bidenomics fails again.
>> And the liar in chief has the gall to promote his plan?
>> What planet is Joe Biden living on?
>>
>> "More Americans Jobless Than Biden’s Official Unemployment Rate Shows"
>>
>> <https://freerepublic.com/focus/f-news/4181820/posts>
>>
>> "The labor market is nowhere near as strong as it appears. If that
>> sounds surprising, it’s because the absence of millions of Americans
>> from the workforce artificially lowers the unemployment rate.
>>
>> Accounting for the missing workers reveals an unemployment rate of
>> over 6%, not the official 3.8%.
>
>
> Indeed.
>
>
> Unemployment still skyrocketing
> May 7, 2020
> https://www.foxnews.com/politics/unemployment-still-skyrocketing
>
>
> Oh wait, that was under Trump.
>
>
> From Fox News just last week:
>
>
>
> The lowest unemployment rate in five decades
>
> Since March 2022, the unemployment
> rate has ranged from 3.4% to 3.7%.
> Its consistency reflects a resilient
> U.S. labor market despite economic
> woes, including high inflation and
> 11 federal funds rate hikes since
> March 2022.
>
> https://fox59.com/news/national-world/labor-day-snapshot-7-stats-about-
> american-workers/
>

Which is why Joe Biden's approval rates regarding the economy hover in the 30 percentile.
<https://www.pbs.org/newshour/politics/bidens-approval-rating-on-the-economy-stagnates-despite-
slowing-inflation-ap-norc-poll-finds>

The workers are not happy.
Can you blame them?

Why do you seem to drag Trump into every thread?
Do you hate him that much?
If so what has he done to you to make you hate him?
I'm curious.

--
Charlie Glock
"To conquer a nation, first disarm it's citizens"
-- Adolf Hitler

On 9/12/2023 2:02 PM, Charlie Glock wrote:
> On 2023-09-12, Mitchell Holman <noemail@verizon.net> wrote:
>> Paul Ragna <tpragna1900O@gmail.com> wrote in
>> news:XnsB07D77BBB87AA882000099222@135.181.20.170:
>>
>>> Bidenomics fails again.
>>> And the liar in chief has the gall to promote his plan?
>>> What planet is Joe Biden living on?
>>>
>>> "More Americans Jobless Than Biden’s Official Unemployment Rate Shows"
>>>
>>> <https://freerepublic.com/focus/f-news/4181820/posts>
>>>
>>> "The labor market is nowhere near as strong as it appears. If that
>>> sounds surprising, it’s because the absence of millions of Americans
>>> from the workforce artificially lowers the unemployment rate.
>>>
>>> Accounting for the missing workers reveals an unemployment rate of
>>> over 6%, not the official 3.8%.
>>
>>
>> Indeed.
>>
>>
>> Unemployment still skyrocketing
>> May 7, 2020
>> https://www.foxnews.com/politics/unemployment-still-skyrocketing
>>
>>
>> Oh wait, that was under Trump.
>>
>>
>> From Fox News just last week:
>>
>>
>>
>> The lowest unemployment rate in five decades
>>
>> Since March 2022, the unemployment
>> rate has ranged from 3.4% to 3.7%.
>> Its consistency reflects a resilient
>> U.S. labor market despite economic
>> woes, including high inflation and
>> 11 federal funds rate hikes since
>> March 2022.
>>
>> https://fox59.com/news/national-world/labor-day-snapshot-7-stats-about-
>> american-workers/
>>
>
> Which is why Joe Biden's approval rates regarding the economy hover in the 30 percentile.
> <https://www.pbs.org/newshour/politics/bidens-approval-rating-on-the-economy-stagnates-despite-
> slowing-inflation-ap-norc-poll-finds>
>
> The workers are not happy.
> Can you blame them?
>
> Why do you seem to drag Trump into every thread?

Because virtually everything for which you blame Biden actually originated under
Trump.

On 2023-09-12, Max Boot <max.boot@lathymes.com> wrote:
> On 9/12/2023 2:02 PM, Charlie Glock wrote:
>> On 2023-09-12, Mitchell Holman <noemail@verizon.net> wrote:
>>> Paul Ragna <tpragna1900O@gmail.com> wrote in
>>> news:XnsB07D77BBB87AA882000099222@135.181.20.170:
>>>
>>>> Bidenomics fails again.
>>>> And the liar in chief has the gall to promote his plan?
>>>> What planet is Joe Biden living on?
>>>>
>>>> "More Americans Jobless Than Biden’s Official Unemployment Rate Shows"
>>>>
>>>> <https://freerepublic.com/focus/f-news/4181820/posts>
>>>>
>>>> "The labor market is nowhere near as strong as it appears. If that
>>>> sounds surprising, it’s because the absence of millions of Americans
>>>> from the workforce artificially lowers the unemployment rate.
>>>>
>>>> Accounting for the missing workers reveals an unemployment rate of
>>>> over 6%, not the official 3.8%.
>>>
>>>
>>> Indeed.
>>>
>>>
>>> Unemployment still skyrocketing
>>> May 7, 2020
>>> https://www.foxnews.com/politics/unemployment-still-skyrocketing
>>>
>>>
>>> Oh wait, that was under Trump.
>>>
>>>
>>> From Fox News just last week:
>>>
>>>
>>>
>>> The lowest unemployment rate in five decades
>>>
>>> Since March 2022, the unemployment
>>> rate has ranged from 3.4% to 3.7%.
>>> Its consistency reflects a resilient
>>> U.S. labor market despite economic
>>> woes, including high inflation and
>>> 11 federal funds rate hikes since
>>> March 2022.
>>>
>>> https://fox59.com/news/national-world/labor-day-snapshot-7-stats-about-
>>> american-workers/
>>>
>>
>> Which is why Joe Biden's approval rates regarding the economy hover in the 30 percentile.
>> <https://www.pbs.org/newshour/politics/bidens-approval-rating-on-the-economy-stagnates-despite-
>> slowing-inflation-ap-norc-poll-finds>
>>
>> The workers are not happy.
>> Can you blame them?
>>
>> Why do you seem to drag Trump into every thread?
>
> Because virtually everything for which you blame Biden actually originated under
> Trump.
>
You can't be serious?
take gas prices for example, Biden's first day in office he cancelled Keystone pipeline and started
his war on fossil fuels.
what do you think happened?
Literally the next day prices went up.

I can't believe you left wingers are so brainwashed.
Yet, you are.

--
Charlie Glock
"To conquer a nation, first disarm it's citizens"
-- Adolf Hitler

>
>Biden and his administration are a bunch of liars. Do you really think we
>don't know the difference?
>
>In a campaign speech last week, Mr. Biden basically told voters not to
>believe their lying eyes, spouting cherry-picked statistics that paint the
>economy as rosier than it really is.

They say he's going to round up the rightists and have them shot because
right wingers are traitors who hate America.

Charlie Glock <"Charlie Glock"@localhost.com> wrote in
news:h46MM.5$z6Mb.2@fx40.iad:

> On 2023-09-12, Max Boot <max.boot@lathymes.com> wrote:
>> On 9/12/2023 2:02 PM, Charlie Glock wrote:
>>> On 2023-09-12, Mitchell Holman <noemail@verizon.net> wrote:
>>>> Paul Ragna <tpragna1900O@gmail.com> wrote in
>>>> news:XnsB07D77BBB87AA882000099222@135.181.20.170:
>>>>
>>>>> Bidenomics fails again.
>>>>> And the liar in chief has the gall to promote his plan?
>>>>> What planet is Joe Biden living on?
>>>>>
>>>>> "More Americans Jobless Than Biden’s Official Unemployment Rate
>>>>> Shows"
>>>>>
>>>>> <https://freerepublic.com/focus/f-news/4181820/posts>
>>>>>
>>>>> "The labor market is nowhere near as strong as it appears. If that
>>>>> sounds surprising, it’s because the absence of millions of
>>>>> Americans from the workforce artificially lowers the unemployment
>>>>> rate.
>>>>>
>>>>> Accounting for the missing workers reveals an unemployment rate of
>>>>> over 6%, not the official 3.8%.
>>>>
>>>>
>>>> Indeed.
>>>>
>>>>
>>>> Unemployment still skyrocketing
>>>> May 7, 2020
>>>> https://www.foxnews.com/politics/unemployment-still-skyrocketing
>>>>
>>>>
>>>> Oh wait, that was under Trump.
>>>>
>>>>
>>>> From Fox News just last week:
>>>>
>>>>
>>>>
>>>> The lowest unemployment rate in five decades
>>>>
>>>> Since March 2022, the unemployment
>>>> rate has ranged from 3.4% to 3.7%.
>>>> Its consistency reflects a resilient
>>>> U.S. labor market despite economic
>>>> woes, including high inflation and
>>>> 11 federal funds rate hikes since
>>>> March 2022.
>>>>
>>>> https://fox59.com/news/national-world/labor-day-snapshot-7-stats-abo
>>>> ut- american-workers/
>>>>
>>>
>>> Which is why Joe Biden's approval rates regarding the economy hover
>>> in the 30 percentile.
>>> <https://www.pbs.org/newshour/politics/bidens-approval-rating-on-the-
>>> economy-stagnates-despite- slowing-inflation-ap-norc-poll-finds>
>>>
>>> The workers are not happy.
>>> Can you blame them?
>>>
>>> Why do you seem to drag Trump into every thread?
>>
>> Because virtually everything for which you blame Biden actually
>> originated under Trump.
>>
> You can't be serious?
> take gas prices for example,

OK, let's do that.

Why did Trump conspire with Big Oil
to RAISE gas prices?

Trump is meeting with oil company CEOs
to raise gas prices
APRIL 3, 2020

President Trump is meeting at the White
House on Friday with the top executives
of some of the largest U.S. oil companies
to discuss ways his administration might
support the oil and gas industry amid an
oil crash. On Thursday, Trump tweeted that
he had spoken with the leaders of Saudi
Arabia and Russia � whose price war
combined with a sharp drop in demand due
to the coronavirus pandemic to tank oil
prices � and expected them to cut
production, which "will be GREAT for the
oil and gas industry!" Indeed, oil prices
shot up after Trump's tweet and continued
rising early Friday.

But higher oil prices mean higher gas prices
for consumers, as CNN political analyst Joe
Lockhart noted.

https://tinyurl.com/yhhduwyn

> Biden's first day in office he cancelled
> Keystone pipeline and started his war on fossil fuels.

Who was it ban oil drilling in
state after state, again?

Trump Bans Oil Drilling Off
Florida, Georgia, South Carolina
Sept 9 2020
https://tinyurl.com/3tfn3tvj

Trump extends drilling ban off
North Carolina, Virginia
Sept 25, 2020
https://tinyurl.com/239u3bf6

On Tue, 12 Sep 2023 18:38:10 +0000, Mitchell Holman
<noemail@verizon.net> wrote:

>Paul Ragna <tpragna1900O@gmail.com> wrote in
>news:XnsB07D77BBB87AA882000099222@135.181.20.170:
>
>> Bidenomics fails again.
>> And the liar in chief has the gall to promote his plan?
>> What planet is Joe Biden living on?
>>
>> "More Americans Jobless Than Biden’s Official Unemployment Rate Shows"
>>
>> <https://freerepublic.com/focus/f-news/4181820/posts>
>>
>> "The labor market is nowhere near as strong as it appears. If that
>> sounds surprising, it’s because the absence of millions of Americans
>> from the workforce artificially lowers the unemployment rate.
>>
>> Accounting for the missing workers reveals an unemployment rate of
>> over 6%, not the official 3.8%.
>
>
>Indeed.
>
>
>Unemployment still skyrocketing
>May 7, 2020
>https://www.foxnews.com/politics/unemployment-still-skyrocketing
>
>
> Oh wait, that was under Trump.

Covid you moron.

On Tue, 12 Sep 2023 18:38:10 +0000, Mitchell Holman <noemail@verizon.net> wrote:

>Paul Ragna <tpragna1900O@gmail.com> wrote in
>news:XnsB07D77BBB87AA882000099222@135.181.20.170:
>
>> Bidenomics fails again.
>> And the liar in chief has the gall to promote his plan?
>> What planet is Joe Biden living on?
>>
>> "More Americans Jobless Than Biden’s Official Unemployment Rate Shows"
>>
>> <https://freerepublic.com/focus/f-news/4181820/posts>
>>
>> "The labor market is nowhere near as strong as it appears. If that
>> sounds surprising, it’s because the absence of millions of Americans
>> from the workforce artificially lowers the unemployment rate.
>>
>> Accounting for the missing workers reveals an unemployment rate of
>> over 6%, not the official 3.8%.
>
>
>Indeed.

I recall Trump saying in 2016 that the "real" unemployment rate was near 25%. But in
February 2017 when the unemployment numbers came in at around 4%, he took credit for the
"improvement".

>Unemployment still skyrocketing
>May 7, 2020
>https://www.foxnews.com/politics/unemployment-still-skyrocketing
>
>
> Oh wait, that was under Trump.
>
>
>From Fox News just last week:
>
>
>
>The lowest unemployment rate in five decades
>
>Since March 2022, the unemployment
>rate has ranged from 3.4% to 3.7%.
>Its consistency reflects a resilient
>U.S. labor market despite economic
>woes, including high inflation and
>11 federal funds rate hikes since
>March 2022.
>
>https://fox59.com/news/national-world/labor-day-snapshot-7-stats-about-
>american-workers/
>

Swill
--
"Instead of building a wall or sending CBP agents to the border, why
doesn't the GOP send thoughts and prayers? It works so well for Mass
Shootings it should easily solve the border issue." - unknown

Dead Nazi Series: Goering - https://tinyurl.com/5dksebj5

GO TRUMP! Go farther! Farther! I can still hear you!

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

On Tue, 12 Sep 2023 20:32:50 -0000 (UTC), juones <juones@msnbc.com> wrote:

>On 12 Sep 2023, Rudy Canoza aka Jay Santos <js@cap.gov> posted some
>news:QN3MM.302$3V4d.26@fx39.iad:
>
>> On 9/12/2023 8:46 AM, Paul Ragna wrote:
>>
>>>
>>> "More Americans Jobless Than Biden’s Official Unemployment Rate
>>> Shows"
>>>
>>> <https://freerepublic.com/focus/f-news/4181820/posts>
>>>
>>> "The labor market is nowhere near as strong as it appears. If that
>>> sounds surprising, it’s because the absence of millions of
>>> Americans from the workforce artificially lowers the unemployment
>>> rate.
>>
>> That's a lie.
>
>> https://www.bls.gov/news.release/empsit.t01.htm
>
>Biden and his administration are a bunch of liars. Do you really think we
>don't know the difference?
>
>In a campaign speech last week, Mr. Biden basically told voters not to
>believe their lying eyes, spouting cherry-picked statistics that paint the
>economy as rosier than it really is.
>
>“We created 13.4 million new jobs,” Mr. Biden boasted.
>
>Not true. The U.S. has gained roughly 2 million jobs since before the
>pandemic hit.
>
>The job recovery began under former President Donald Trump, who oversaw
>the recovery of 16.6 million jobs. Mr. Biden confuses “jobs created” with
>“jobs recovered.”

Do you have cites for those numbers or do I need to open a roll of Charmin?

Swill
--
"Instead of building a wall or sending CBP agents to the border, why
doesn't the GOP send thoughts and prayers? It works so well for Mass
Shootings it should easily solve the border issue." - unknown

Dead Nazi Series: Goering - https://tinyurl.com/5dksebj5

GO TRUMP! Go farther! Farther! I can still hear you!

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

On Tue, 12 Sep 2023 15:46:12 -0000 (UTC), in talk.politics.guns Paul
Ragna <tpragna1900O@gmail.com> wrote:

>Bidenomics fails again.
>And the liar in chief has the gall to promote his plan?
>What planet is Joe Biden living on?
>
>"More Americans Jobless Than Biden’s Official Unemployment Rate Shows"
>
><https://freerepublic.com/focus/f-news/4181820/posts>

Note: Go read the link.

I would point out that "unemployed" and "jobless" are two completely
different metrics. A person is "unemployed" when he or she is out of
work and actively seeking a job. A "jobless" person doesn't have a
job and isn't seeking one. Retired people are frequently jobless. (I
don't know how the author cited arrived at his or her numbers and we
are never told; however, I'd be suprised if, when you totaled everyone
who wasn't earning a wage, you weren't over 25% of the population.)

I would further point out that a national economy does not respond
immediately to governmental input. I would suggest that our economic
inertia today can be traced back as far as Bush(43) and maybe further.
You seem to think that an economy responds like your car does to its
steering wheel and nothing could be more wrong. The inflation that we
saw in the early 2020s was grounded in the government printing too
much money over a long period of time.

I believe that Joe Biden has done an acceptable job of national
management. Give him credit, dude... he's trying to lead a team where
roughly half (or so) are actively trying to cause him to fail by
shutting down the government and putting us into default!

I do think that we should cut spending, but the Devil is in the
details. ("Cut *their* wasteful spending, but don't touch spending in
*my* district!") I'd like to see a balanced budget amendment where,
whatever we spend, we pay for in taxes *right now*.

Jay Santos wrote:
> On 9/12/2023 8:46 AM, Paul Ragna wrote:
>
>>
>> "More Americans Jobless Than Biden’s Official Unemployment Rate Shows"
>>
>> <https://freerepublic.com/focus/f-news/4181820/posts>
>>
>> "The labor market is nowhere near as strong as it appears. If that sounds
>> surprising, it’s because the absence of millions of Americans from the
>> workforce artificially lowers the unemployment rate.
>
> That's a lie.  The labor participation rate is rising.
>
> Seasonally adjusted labor participation rate (percentage):
>
>   Aug 2022 — 62.3
>   Apr 2023 — 62.6
>   May 2023 — 62.6
>   Jun 2023 — 62.6
>   Jul 2023 — 62.6
>   Aug 2023 — 62.8
>
> https://www.bls.gov/news.release/empsit.t01.htm
>
> The unemployment rate went up by three-tenths of a point last month,
> despite more new jobs, *because* people who were out of the labor force
> are coming back into it, but they haven't all found jobs yet.
>
> Ragweed lied.
>
Why do you think more are looking for work?? Could it be that inflation
is causing interest rates and food prices to go so high they must seek
more funds?? Or could it be that they need to seek a job before one of
those 7 million illegals takes the jobs and there are none available later??

On Wed, 13 Sep 2023 11:49:43 -0500, !Jones <x@y.com> wrote:

>I do think that we should cut spending, but the Devil is in the
>details. ("Cut *their* wasteful spending, but don't touch spending in
>*my* district!") I'd like to see a balanced budget amendment where,
>whatever we spend, we pay for in taxes *right now*.

That would be agreeable. Tie spending to tax rates. If they spend more, tax rates or
other "revenue enhancements" go into effect for each jump in spending.

Swill
--
"Instead of building a wall or sending CBP agents to the border, why
doesn't the GOP send thoughts and prayers? It works so well for Mass
Shootings it should easily solve the border issue." - unknown

Dead Nazi Series: Goering - https://tinyurl.com/5dksebj5

GO TRUMP! Go farther! Farther! I can still hear you!

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

On Thu, 14 Sep 2023 04:22:21 -0400, in talk.politics.guns Governor
Swill <governor.swill@gmail.com> wrote:

>That would be agreeable. Tie spending to tax rates. If they spend more, tax rates or
>other "revenue enhancements" go into effect for each jump in spending.

It is my understanding that this is the definition of a "balanced
budget".

"!Jones" <x@y.com> wrote in message
news:hhj6gilmld5hh1iij6g81k62jer61sqqn7@4ax.com...
> On Thu, 14 Sep 2023 04:22:21 -0400, in talk.politics.guns Governor
> Swill <governor.swill@gmail.com> wrote:
>
>>That would be agreeable. Tie spending to tax rates. If they spend more,
>>tax rates or
>>other "revenue enhancements" go into effect for each jump in spending.
>
> It is my understanding that this is the definition of a "balanced
> budget".

Eliminating their pay and benefits will be the first "revenue enhancement"
that should go into effect.

The next round should take 20% of their wealth.