"You didn't build that" - Obama

[Kasz216]

richardhutnik said:

badgenome said:

richardhutnik said:

And it is bull to say there isn't a revenue problem.  Your flat denial is absurd.  Now, you can argue there is a larger spending problem, but there is also a revenue problem.

Tax revenue is at a historic low when workforce participation is at a historic low... no way! That's unpossible!

Since you can't close the deficit by raising revenues, it is a spending problem. No amount of pointing to irrelevant numbers will change that.

Obviously also, businesses can't address running deficits either, by raising their prices.

I feel like you are being sarcastic here...

However, Businesses usually can't adress running deficits by raising their prices...

Buisnesses usually set their prices at the level that will get them the most amount of profit based on demand.

Usually if a buisness tries to raise it's price to escape deficits they end up losing money.

That's why generally, when a buisness is faced with deficits a price raise is the LAST move you'll see.

 

First they'll

A) Cut costs in productions ANYWHERE they can

 

B) Change the product.  Either by replacing parts with lower cost parts, or lowering container size for the same price in foods... or raising the amount in a container and raising the price by more.

As can recently be seen by chips by mean.   They went from 99 cents to 1.09.    Chip sales dropped, revenue wasn't as expected, so now pretty much all the local stores instead carry bigger   bags of chips at $1.49.