this post was submitted on 15 Feb 2024
140 points (90.2% liked)

News

23361 readers
3293 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

As of the end of 2023, the typical U.S. worker could afford the same goods and services as in 2019, prior to the pandemic, and had an additional $1,400 to spend or save per year, according to a January analysis by Treasury officials.

Demar Byas of Pontiac, Michigan referred to experts touting the nation's economic performance as a "slap in the face."

"You're celebrating these numbers, but we are struggling," said Byas, who juggles several jobs to make ends meet. "It's no relief in sight, and just say those numbers and to celebrate that, and as I said stuff becomes a slap in the face."

you are viewing a single comment's thread
view the rest of the comments
[–] dan42O@infosec.pub 2 points 9 months ago (1 children)

Where the stats they use. Are they following one family or an entire town in bumpkins-ville-field-ton to make these statements. Taxes aren’t even due, earnings reports mean diddly from companies who have hit “record profits” after global pandemic. Whose ass do these economists sniff to get this numbers crunched. We still have variances in from 350$k earners hiding money, all while people less than 100k$ can afford to put down payments for cars, houses, food, credit cards, student debt.

[–] hitmyspot@aussie.zone -2 points 9 months ago (2 children)

Lol, do you think they just make it up? It certainly skews towards creating wealth for the wealthiest but Treasury is not making stuff up, even if they massage in favour of a narrative.

[–] dan42O@infosec.pub 2 points 9 months ago (1 children)

So then why are representatives saying something else. Im trying to understand on why our government can give away money, okay one reason is charity makes sense. But there are depts in the us gov that say we can’t account for X$. And when I mean X I mean more than millions.

[–] hitmyspot@aussie.zone 2 points 9 months ago

Politicians lie to get elected all the time. Civil servants and public officials, not so much. It's not usually in their interest to do so. Accurate data is more useful than propaganda in those roles.

Yes, there are millions and billions washing around in government. They are literally entrenched the finances and well-being of hundreds of millions of people. Millions missing is a rounding error.

It's the same with large companies. Millions go wasted and millions go on products that never see the light of day. So long as most is useful and it's used responsibly, it's money well spent.