Lol

[test123]

It seems to me that Entitlements are the problem, and it will get alot worse.

[Kuya]

Lol

[quannum]

THE problem is money in politics.

It leads to rich people problems being identified as the problem.

they are called entitlements because you are entitled to them, a safety net is vital to any sane modern society.

[GoggleHead]

When was the last time the US was considered a sane society? I'm pretty sure it wasn't during my lifetime.

[Correction]

Lol

.

Edit: Oh god he's a Gold Standard advocate.

[quannum]

this is standard koch-funded, milton friedman nonsense designed to fool people like test123 and chari.

[Draginhikari]

Seems like the same people getting massive tax cuts, bailouts, and holding funds in off shore account so they get don't taxed on anything and still say they pay too much in taxes and need even more tax cuts are the ones that complain about entitlements and fund attacks against these programs regardless of their popularity elsewhere.

[Blubbartron]

First video

1) Ignoring the debt is blatantly ignoring the fact that we pay interest on that debt. 6% of our revenue in 2012 was immediately lost to interest payments. That number can only go up until we start having a mandatory surplus budget every year and pay down the debt. Even if we stay steady with the debt, that number will most likely go up as interest rates go up, which means we'll have to cut *more* spending later even though revenue and spending stayed the same.
2) He *almost* had it right when he was on the chart comparing % increase of various things over the years, adjusted for inflation. If he would have added one more line showing the average salary increase over the past 60 years, the reason why government spending has shot up 3000% would be plain as the nose on your face. Cutting spending will have an immediate harmful effect on our citizens and our economy. We need to be raising the minimum wage to something that's livable in order to allow people to live without government subsidization (welfare, housing assistance, etc). In addition to raising the minimum wage we need to put caps on the maximum difference between the lowest paid worker and the highest paid worker in corporations. The more inequality in salary distribution, the greater the need for government assistance will be (CEOs making 350x the *average* worker is bullshit).

Second video

1) Huzzah, he mentioned the interest on the debt. I like how he remembers it when it helps make his point. If you took out that chunk for interest, the revenue we generated in that year *would* cover the mandatory spending.
2) Is this motherfucker suggesting that there should be no social programs whatsoever? Because if he's not, then the question of "which cuts" actually is pretty fucking important, contrary to what he thinks.

Third video

1) Does this guy actually have a PhD in economics, or is it some other bullshit? I notice he's the "director of undergraduate studies in economics." That doesn't mean he necessarily knows dick about the subject.
2) Assuming he does have a doctorate in economics, how the fuck can someone with a doctorate not understand that there's always two parts to the equation? The amount people (the government) are willing and able to spend, and the amount people (doctors/healthcare organizations) are willing and able to charge. It doesn't take a fucking rocket scientist to realize that if we started regulating the healthcare industry (since obamacare adds regulation to the health insurance industry) that we could dramatically reduce the amount the government is getting charged for care provided to people under things like medicare/medicaid.

[test123]

We need to be raising the minimum wage to something that's livable in order to allow people to live without government subsidization (welfare, housing assistance, etc).

[Ksandra]

y'all is posting in a test thread

[BerenTebogo]

Lol.

[Blubbartron]

bullshit video

Perhaps you should start trying to do a little critical thinking instead of gargling the contents of this shill's ball sack.

The effect of minimum wage cannot be examined in the vacuum of one business. This is especially true for businesses that are in the service industry. They make money by providing a service for people who don't have the time or skill to do it themselves (and, more importantly, can afford to pay someone else to do it). While it's true that a more efficient worker can serve more people, thus making more profit from one employee, what he fails to consider is that the demand of services like this will go up as people have more money in general. When people are on food stamps and have to cook for themselves because they're watching every penny they spend, they aren't going to go to Bob's diner.

Ignoring his stupidity, let's keep using his ridiculous numbers. Each burger served is $.10 profit. Imagine you have a decent job and the increased minimum wage didn't impact your pay at all, because you're already above it. Do you think that getting charged an extra $.05 for your burger would make you stop buying your dinner from Bob's diner? Personally, I can't imagine it would. For a person who's willing to pay to eat dinner at some diner, the difference between $4.95 and $5 is totally irrelevant. But hold the phone, because Bob increased his profit margin by a small fraction per burger, using the numbers in the example, he just increased the amount each employee earned him by ~$5/hr a piece. Suddenly the minimum wage increase hasn't hurt him at all.

So yes, before you retort "lol, but inflation", prices will go up slightly due to the increased cost of producing goods and services. However, if people actually have disposable income to spend on those goods and services, the demand will increase way, way more. Only a fool of a businessman would fire perfectly average employees because minimum wage was increased, instead of passing the buck (lol) to consumers.

[Clash Perez]

What I'm hearing from that last video is that keeping the minimum wage low is essentially the same as an entitlement program.

sup now test?

[Outlaw]

This is going to sound right wing.. but one problem is we give money away willy nilly to other countries. It's not the main problem but if we stopped it would help.

[Correction]

hurr durr I can't think for myself.

Yeah, employers of low-skill workers are just itching to poach 'talent' and pay them over the minimum wage, that's a realistic view of the world, yup.

[GoggleHead]

This is going to sound right wing.. but one problem is we give money away willy nilly to other countries. It's not the main problem but if we stopped it would help.

Can we start by not giving money to Israel? Because fuck those guys.

[test123]

So it is better to increase the minimum wage, keep the poorest from getting a job and keep them on walfare instead? If they are not making 8$/hr on a low wage job, they will drain 8$/hr on welfare, thats -16$/hr for every unemployed.

A low paid job is the entry many people need to get experience so they can climb the social ladder. Minimum wage creates poverty.

[BerenTebogo]

I want whalefare.

[Churchill]

lol

What burger joint makes .10 for a burger? lol.

All I could think about during that was why would a libertarian care about some schmuck who can't flip 100 burgers an hour.

[Ksandra]

Man, look at all those janitors working their way up those social ladders to become CEOs