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[Noah]

On Wednesday, the government announced that the economy had shrunk at a 0.1 percent annual pace between October and December. That came as a surprise to most economists, who were expecting at least modest growth.

So what happened?


Less spending from the Pentagon, for one. Government defense expenditures plunged by a staggering 22.2 percent between October and December. According to the Bureau of Economic Analysis, the Pentagon spent significantly less on just about everything except military pay. Had the Pentagon not cut back on spending, the economy would have grown at a weak but positive 1.27 percent pace.

www.washingtonpost.com/blogs/wonkblog/wp/2013/01/30/why-defense-spending-dropped-22-last-quarter-and-shrunk-gdp/?hpid=z1

Edited by Noah, 30 January 2013 - 10:40 AM.

[smokeyone]

I for one am shocked this even warrants a thread. People dont you get it? We have moved on as a nation to the Ray Lewis scandal.

[KneesInTheBreeze]

All of this is a result of a Democrat Party influence starting at the Presidency and working its way downward to the Republican Party wing of the Progressive movement to homogenize the world and pasteurize the uniqueness of American citizens from the United Nations blend.

Beaurat Obama holds a worldview stating we’re one people and one day we’ll be one land. It’s a chance to bring Utopia to the masses and assure socialism is the system that “protects” the rights of all people. That is unless your view says you have a right to be different, to be exceptional, to stand apart from the brothers and sisters force-fed you in a bastardized relationship requiring you to have less so they may appear equal.

This world state would be the One World Order. We’d be no more than minions of this state. We’d be faceless and essentially impotent in our native drives to excel and to lead the way in advancing the human race. We’d lose our identity as Americans as we no longer claim citizenship in the United States of America but become drones living in the Union of Socialist States of the Americas. America, as the bright shining light once emblematic of integrity and honesty and forward vision will be relegated to the dimming status of a dying star in a darkening sky.

Edited by KneesInTheBreeze, 30 January 2013 - 12:42 PM.

[A10Rebel]

Nothing changes.  It's all talk from this point, The "One" opperates with total impunity from the creation of the laws he chooses to implement on the rest of us.  If Congress challenges he just puts the term "comprehensive" in front of it and passes it.  I'm bracing for a third term, pounding from this shit head because why not?  Who's going to keep him out? The Constitution???  Yeah right...

[TrueGCFan]

http://www.sectalk.c...ut-the-economy/

[zartan]

I love that defense took the hit. Absolutely love it. Let's purge all the make-work bullcrap

[smokeyone]

zartan, on 30 January 2013 - 04:08 PM, said:

I love that defense took the hit. Absolutely love it. Let's purge all the make-work bullcrap

Yep, no R&D funding on government contracts,  furlow days for civilian contractors in intel, set us back a decade by defunding the crap we get a return on to avoid cutting the teet off the parasites. Sounds good and sound to me.

[Neil Caudle is Superman]

smokeyone, on 30 January 2013 - 04:52 PM, said:

Yep, no R&D funding on government contracts,  furlow days for civilian contractors in intel, set us back a decade by defunding the crap we get a return on to avoid cutting the teet off the parasites. Sounds good and sound to me.

Hell yeah! Why should we let people work at the expense of non-working people? Those people have hard lives - can you imagine how boring it must be to sit at home every day getting a government check to do nothing? If we cut their money they won't be able to afford to occupy themselves with big screen TV's, video games, drugs, and alcohol! Working people can afford to be furloughed because they have to their fair share to make this country work!

The sad part is a lot of liberals fight hard to support that kind of bullshit.

[ForwardRebels]

** Yep, that Keynesian economic theory that Obama and Bernanke are holding steadfastly to is working like a charm. **

[zartan]

Neil Caudle is Superman, on 30 January 2013 - 05:59 PM, said:

Hell yeah! Why should we let people work at the expense of non-working people? Those people have hard lives - can you imagine how boring it must be to sit at home every day getting a government check to do nothing? If we cut their money they won't be able to afford to occupy themselves with big screen TV's, video games, drugs, and alcohol! Working people can afford to be furloughed because they have to their fair share to make this country work!

The sad part is a lot of liberals fight hard to support that kind of bullshit.

You don't mind it either if the Israelis are getting your money

[Neil Caudle is Superman]

zartan, on 30 January 2013 - 10:18 PM, said:

You don't mind it either if the Israelis are getting your money

Actually I absolutely do. Not all non-liberals are the same. I don't believe in massive foreign aid when we can't even pay our own bills. Israel is perfectly capable of defending itself. I would offer military aid if they were truly in trouble and under attack only because they're our allies and have done the same for us (Mostly because we're almost all that they've got, but whatever) but I believe that they should be taking care of themselves just like I believe capable people on welfare should have to take care of themselves.

[zartan]

Neil Caudle is Superman, on 30 January 2013 - 10:39 PM, said:

Actually I absolutely do. Not all non-liberals are the same. I don't believe in massive foreign aid when we can't even pay our own bills. Israel is perfectly capable of defending itself. I would offer military aid if they were truly in trouble and under attack only because they're our allies and have done the same for us (Mostly because we're almost all that they've got, but whatever) but I believe that they should be taking care of themselves just like I believe capable people on welfare should have to take care of themselves.

Well, I don't approve of lazy people exploiting welfare. However, how can we maintain a temporary safety net for decent people who get laid off and what not?

[nova]

ForwardRebels, on 30 January 2013 - 10:00 PM, said:

** Yep, that Keynesian economic theory that Obama and Bernanke are holding steadfastly to is working like a charm. **

Really and truly.  4+ years of $1 trillion+ deficits plus another trillion in explicit "stimulus" plus Bernanke wearing the printing presses out and a minimal drop in .gov spending puts GDP in the negative.  It's almost as if someone around here has been right and there's no real underlying growth.  Think about it, that drop happened DESPITE billions upon billions of borrowing by companies to pay special dividends and get ahead of the tax changes and the resultant increase in Consumption and Investment terms of GDP.  WTF is this gonna look like when those dividends aren't being paid out?

[JoeGator]

zartan, on 30 January 2013 - 04:08 PM, said:

I love that defense took the hit. Absolutely love it. Let's purge all the make-work bullcrap

They are hitting the DoD the easy way instead of the best way.
Really need some reform regarding the DoD contractors, that would really help the department from becoming so bloated.

[nova]

JoeGator, on 31 January 2013 - 08:38 AM, said:

They are hitting the DoD the easy way instead of the best way.
Really need some reform regarding the DoD contractors, that would really help the department from becoming so bloated.

It's the acquisition process that's broken. I see it every day. In reality though, as a contractor I cost the gov't approximately 30 percent less than equivalent gov't employee. The pay is about the say but gov't employees get so much more paid time off benefits