The May jobs numbers were good last week – so swell, in fact, that our putative president couldn’t resist hinting about them in an early morning tweet Friday morning, a major breach of confidentiality and protocol that instantly affected Treasury yields – basically, the interest rate at which the government borrows money.
One of the drivers noted earlier this week for Social Security’s and Medicare’s projected accelerated funding shortfall is lower than expected FICA contributions from employees in 2017, a timeframe predating the 2018 withholding cuts.
The only logical conclusion to be drawn from this factor is that while unemployment statistics may paint a rosy picture, employees’ wages continue to be in a downward spiral.
I’m surprised, to say the least, that Winship takes those unemployment figures at face value. There’s as much room for manipulation there as there is in the Consumer Price Index, and as much incentive for fudging the numbers.
The chained CPI that will be applied as part of the December 2017 inequality exacerbation act (IEA) disguised as “tax reform” will enable even more perverse manipulation of the CPI and other statistics, all with the goal of further enriching the 1% at the expense of the 99%.
Business First, Working Folks Last.
Lies, lies I don’t believe a word Dumpf and Boobio say. And anyone who voted for them either.