Re: [FairfieldLife] House Passes Debt Ceiling Increase

2014-02-12 Thread Mike Dixon
I wouldn't count on employers hiring many more people with the uncertainty of the ACA. The CBO has estimated about 2.5 million job loss and will probably leave an estimated 31 million uninsured. A new 29-30 hr work week.This, being tauted as the new, desirable normal. Single mothers will

Re: [FairfieldLife] House Passes Debt Ceiling Increase

2014-02-12 Thread authfriend
Mike, there isn't going to be any job loss. If someone quits their job, the job doesn't go away, It'll just go to somebody else. I wouldn't count on employers hiring many more people with the uncertainty of the ACA. The CBO has estimated about 2.5 million job loss and will probably leave an

Re: [FairfieldLife] House Passes Debt Ceiling Increase

2014-02-12 Thread Mike Dixon
Judy, you'll have to ask the Congressional Budget Office how they calculate *job Loss*, it's their wording. Perhaps a full time job , 40 hours a week, being cut  to less than 30, is considered a lost job, from full time to part time. Also, businesses paring back so as  to avoid regulation could

Re: [FairfieldLife] House Passes Debt Ceiling Increase

2014-02-12 Thread anartaxius
Since 1994 the Bureau of Labor Standards has excluded the long term unemployed. If those are factored in, the unemployment rate in the United States is about 23%. The unemployment figures you hear on the news are the more restricted measures. U1: Percentage of labor force unemployed 15

Re: [FairfieldLife] House Passes Debt Ceiling Increase

2014-02-12 Thread authfriend
Job loss is the CBO's wording? Oh, reaally? Maybe you can find where those words are used by the CBO; I couldn't: http://www.cbo.gov/sites/default/files/cbofiles/attachments/45010-Outlook2014.pdf http://www.cbo.gov/sites/default/files/cbofiles/attachments/45010-Outlook2014.pdf It

Re: [FairfieldLife] House Passes Debt Ceiling Increase

2014-02-12 Thread Mike Dixon
Nice spin. Still you have more people seeking fewer full time jobs and jobs offering fewer hours. Now according to supply and demand, that would indicate a drop in wages for the future. Also, It's not a matter of *if someone quits their job* but *if their job disappears*. Job creators are going

[FairfieldLife] House Passes Debt Ceiling Increase

2014-02-11 Thread jr_esq
This is a victory for the American people. And, the Dow Jones has responded positively by an increase of over one percent. http://news.yahoo.com/house-passes-debt-ceiling-increase-223219545--finance.html http://news.yahoo.com/house-passes-debt-ceiling-increase-223219545--finance.html

Re: [FairfieldLife] House Passes Debt Ceiling Increase

2014-02-11 Thread Mike Dixon
So, I'm assuming that means there will be more jobs for the unemployed. Lets watch the jobs reports and see if this manifests. If we keep increasing the debt without increasing the number of people paying income taxes then we are just digging a deeper hole. On Tuesday, February 11, 2014

Re: [FairfieldLife] House Passes Debt Ceiling Increase

2014-02-11 Thread jr_esq
Mike, The increase of jobs is also dependent on the Federal Reserve Board's Quantitative Easing (QE) policy. If the interest rates remain low, there's a good chance that the employers will borrow more money to increase their sales. As such, they also will hire more people to provide