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But, even at 5% that is well above the speed of inflation if the CPI-U is usually to be trusted. “An attempt to keep things from getting worse. Another counterfactual. It tells me that we create many incentives for individuals to stay dependent on the govt too. It’s always “not enough” The stimulus wasn’t enough. The Greek Bailout “wasn’t enough”.
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It’s not a matter of how much you spend…but how productively you allocate it. 759 per person. That is clearly a net decrease…not an increase. There is only one variable that regularly matters. That is financial growth. Everything concerns me is exactly what policies to foster competition and infant development. I wish our elected officials were worried about a similar thing. My model tracked what occurred between 1978 and 1989 in that it does increase then decreases, however the magnitude changes are more muted than I’d like. As I earlier said, I am still missing a bit of the puzzle.
But again, you are describing a univariate world, where in truth, it is multivariate. While PA spending may go the wrong path when that is all you consider, other factors are at work changing the poverty rate as well; you have to discuss ALL of them in the same breathing.
Given we both read a great deal., impressions are made. I knew generally that control was concentrated (much more than I thought this past year) in a few mega-companies. I experienced safe in using Pareto’s 80/20 split to be conventional. As you know, many things influence the poverty rate, and at any moment one may have significantly more influence than others. What all of those numbers tell me is the quantity dropping into poverty is increasing. Items 8, 13, and 14 are most damning, a 10% growth in population compared with a 10% growth in “Not in WORK FORCE”, but only a 6% growth in F-T employment.
Items 4 – 7, obviously suggest growing income disparity with each income extreme growing and the center collapsing. This factors to growing poverty. So, does 2 and 3 directly. Out of this, we make it happen was not “all of that Extra spending”. What increase there is certainly is simply being driven by certain requirements of the weakening overall economy and a change in income distribution.