Originally Posted by Greg Shaffer
LOL....talk about some revisionist bullshit to make that claim.
6.5 million have left the work force and are not being counted as unemployed
The number of people on welfare has shot up by over 45%
Americans classified as living in poverty up by over 20%
Health insurance costs increased by nearly 20%
Gasoline costs increased by almost 80%
Federal debt increase of well over 50%
That is the REAL state of the union......
Lol! What Bs from Greg, who else:
"Since there were 7.4 million unemployed Americans in October, that means there were 1.5 available jobs for each unemployed person, the most on record dating back two decades."
"The number of hires dipped to 6.5 million, highlighting that employers continue to struggle to fill an unprecedented number of vacancies."
"Overall, the Job Openings and Labor Turnover Survey underscores that in this job market, workers hold all the cards."
https://www.usatoday.com/story/money/2021/12/08/labor-market-job-openings-great-resignation/6425215001/
"Sep 14, 2021 — The official poverty rate in 2020 was 11.4 percent, up 1.0 percentage point from 10.5 percent in 2019."
https://www.census.gov/library/publications/2021/demo/p60-273.html
Health Insurance: that varies a lot with different plans and providers and employer contributions. Looking the the medicare numbers, however, "CMS officials stressed that while the 14.5 percent Part B premium increase is a stiff one, the Social Security cost-of-living adjustment (COLA) — at 5.9 percent, the largest in 30 years - is estimated to average $92 per recipient. So even after the increase in the Medicare Part B premium, most Social Security recipients, whose Part B premiums are typically deducted from their Social Security benefits, will still see a net increase in their monthly check. The COLA goes into effect in January."
“Once again, American seniors and taxpayers will pay the price for the outrageous pricing behavior of big drug companies,” said Bill Sweeney, AARP senior vice president for government affairs. “When Big Pharma sets a high drug price, everyone pays for it"
https://www.aarp.org/health/medicare-insurance/info-2021/part-b-premiums-increase.html
Gasoline prices vary widely from state to state so you could cite one figure from one station somewhere in Ca and say that's it's gone up 80% but not nationally: https://gasprices.aaa.com/news/
Federal Debt: There's two areas here: the government deficit: Deficits. At an estimated 10.3 percent of gross domestic product (GDP), the deficit in 2021 would be the second largest since 1945, exceeded only by the 14.9 percent shortfall recorded last year. In CBO’s projections, deficits decline as the effects of the 2020–2021 coronavirus pandemic wane. But they remain large by historical standards and begin to increase again during the latter half of the decade. Deficits increase further in subsequent decades, from 5.7 percent of GDP in 2031 to 13.3 percent by 2051—exceeding their 50-year average of 3.3 percent of GDP in each year during that period."
Federal debt held by the public: this where the increase is and this is where the debt burden will be.
https://www.cbo.gov/publication/57038
As usual, Greg provides no citations to back up anything he says, so you know where the bs is...
