Price of Gas is back up

  1. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    In response to tacobreath's comment:

     

     

     

    In response to airborne-rgr's comment:

     

    In response to tacobreath's comment:

     

    In response to airborne-rgr's comment:

    In response to ComingLiberalCrackup's comment:

    airborne: "Of course this doesn't take into account the year of lost revenue in 2008. That was an -9% contraction in the US economy which represented about $1.5 trillion dollars of lost economic output. '

    Why does anyone bother arguing with a fanatic who calls a US President "Baby Bush" ?

    'Cuz its fun poking holes in his specious blatantly contradictory  arguments...

    So, airborne blames Bush for "lost revenue" in 2008. Yet Obama is not to blame for lost revenue from 2009 to 2013,  due to the worst recovery from a recession in US history? (previously, the worst the recession, the better was the recovery!)

    That is the point, DUH ! Grow the private economy, let the private sector flourish, and tax revenues increase.

    Dont raise taxes and stifle the economy with job killing ObamaCare, and ruinous regulations...but the ideologues like airborne cant see beyond their noses...




    You wingnuts are freaking hilarious.

    Ya'll keep regurgitating wingnut echo chamber baloney while ignoring reality.

    Ya'll are like broken records and you NEVER address any facts and figures.

    You keep droning on about taxes yet you are to ideologically ignorant to explain the reality that your tax meme is bullshiite.

    So explain to the class spanky how the two LONGEST economic expansions happened when taxes were much higher.

    In the 60's the top rate was 70% and yet the country experienced the second longest economic expansion in history.

    In the 90's the tax rates were higher and capital gains were taxed as ordinary income yet that decade produced the LONGEST ECONOMIC EXPANSION IN HISTORY and the Federal budget was in SURPLUS.

    Spare the sloganeering and explain that basic FACT!!

     




     

    First of all.............you got proof of the "most economists agree" thing?  Secondly, if it`s like the MIRACULOUS drop of the unemployment rate 3 seconds before the election, it`s about as good as ...........well, ah-hem........your word. "Revised" numbers......LOL!

    Thirdly, Q2 will be worse.  Seen the Wal Mart numbers?  Seen the layoffs?  Job numbers?

    Good freakin luck!

     

     

     




    You wingnuts are hilarious.

     

    When the BEA shows bad news for the US economy, you poltroons cheer and point to it as gospel.

    When that very same bureau explains how they calculated those numbers you morons go all stoopid and suddenly don't believe them.

    The reason for the decline of -0.1% in q4 2012 is because gov't spending dropped in the 4th quarter

    and

    That the "advanced estimate" of GDP is always revised upward, 0.5% in the second month and 0.6% in the third month.

     

    When the BEA says anything that shows bad news for the US economy you cheer.

    When it contradicts your ignorant ideology then you idiots call the BEA heretics, in the same freakin breath you just used to cite it's numbers seconds ago.

     

    Let me know when ya'll stop squirming and dragging those goal posts all over the field, then we can talk.

    (QUOTE)



    We`ve been through this 10 times.  The government spent MORE in Q4/2012 than it did in Q3/2012, and it spent MORE in 2012 than it did in 2011!   Again......what don`t you get?

     

     

     



     

     

    Hey spanky, what don't you get?

    Like I said, you wingnuts will believe the BEA, but only when it puts out the GDP numbers that align with your ignorant ideology.

    They said GDP fell -0.1%, and you wingnuts take it as gospel.

    But when they explain the underlying factors of why GDP fell, you wingnuts go all-in ignorant and say they're wrong.

    Ya can't have it both ways and still be taken seriously. Either the BEA was right about the GDP and the underlying numbers they used to calculate it, or you don't believe any of it.

    Stop squirming and dragging those goal posts around the field, they must be getting heavy by now.

     

    FROM THE BEA:

    Real federal government consumption expenditures and gross investment 
    decreased 15.0 percent in the fourth quarter, in contrast to an increase of
    9.5 percent in the third. National defense decreased 22.2 percent, in
    contrast to an increase of 12.9 percent. Nondefense increased 1.4 percent,
    compared with an increase of 3.0 percent. Real state and local government
    consumption expenditures and gross investment decreased 0.7 percent,
    in contrast to an increase of 0.3 percent.

    http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

     



    Hey dummy.................Was more money spent in 2012 than in 2011?  Was there more government spending in Q4/2012 than in Q3/2012?  More government spending in Q4/2012 than the same quarter previous year?

    The answer to all these questions is YES!

    Government spending was UP and GDP went NEGATIVE!!!

    Stop your freakin lies!  You make such a fool of yourself.

     
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  4. You have chosen to ignore posts from Sistersledge. Show Sistersledge's posts

    Re: Price of Gas is back up

    Is it because the GOP promised  speculators that they will block any financial regulations ?

     
  5. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    Hey look, I can find a bunch of people who said gov't spending dropped.

    And guess what, they're not gov't hacks but private sector economists.

    So now you trust the gov't over private sector economists?

    But...but...but...I thought the Obama administration never tells the truth?

    Just another cowardly flip/flop from the spineless wingnut.

     

     

    Uncle Sam cut spending and businesses drew down inventories in the fourth quarter of 2012, causing the U.S. economy to contract for the first time in more than three years.

    "No one I know would seriously call this an indicator of recession," said Bill Hampel, chief economist with the Credit Union National Association.
     
     It's "the best-looking contraction in U.S. GDP you'll ever see," Paul Ashworth, chief U.S. economist for Capital Economics said in a research note. "The drag from defense spending and inventories is a one-off. The rest of the report is all encouraging."

    A large cut in federal spending, primarily on defense, was one of the biggest drags on growth. Defense spending contracted at a 22% annual rate.

    Still, economists said the seemingly bleak gross domestic product report was not a sign that another recession was looming. The preliminary data showed relatively strong spending by consumers and businesses, even as military spending posted its sharpest quarterly drop in 40 years.

    "This is the tip of the iceberg on fiscal austerity from Washington," said Ethan Harris, co-head of global economics research at Bank of America Merrill Lynch. "It was exaggerated this quarter by the unusually large drop in defense spending."

    Michael Feroli, chief United States economist at JPMorgan.

    Like some other observers, Mr. Feroli said there were hints the economy was performing slightly better than the headline number suggested.

    The 22.2 percent drop in military spending, along with the drop in inventories and exports, outweighed more positive indicators in the private sector, he said. For example, residential investment jumped 15.3 percent, a sign that the housing sector continued to recover. Similarly, investment in equipment and software by businesses rose 12.4 percent, an indicator that companies were still spending.

    For the entire year, the economy grew by 2.2 percent, a slight improvement from the 1.8 percent annual rate in 2011.

    If it were not for the drop in total government spending, the economy would have expanded at an annual rate of 1.2 percent in the fourth quarter, said Nigel Gault, chief United States economist at IHS Global Insight.

    Alan Krueger, chairman of the Council of Economic Advisers, wrote in a blog post that "a likely explanation" for the plunge in military spending was concern among contractors about the automatic spending cuts, which were set to take effect on Jan. 1 but were rescheduled for March 1. The decline in federal spending follows an earlier drop in state and local spending, which fell by 3.4 percent in 2011 and 1.3 percent in 2012.

     

     

     

    But I bet an idiot like you just 'knows' stuff better than these business and economic professionals, right numbnuts?




    Does your brain work?   Seriously............are the meds, the crack, the booze, and the reefer destroying your brain?  WHEN THE ENTIRE WORLD PROVES IN NO UNCERTAIN TERMS THAT GOVERNMENT SPENDING WENT UP QUARTER ON QUARTER AND YEAR ON YEAR AND YOU`RE THE ONLY HUMAN ON THIS EARTH THAT CANNOT READ.............it leaves us all here no choice but to ask the simple question.............does your brain work?

     
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  7. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: Price of Gas is back up

     
  8. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: Price of Gas is back up

    Federal Spending by the Numbers    Introduction

    The federal government has closed out its fourth straight year of trillion-dollar-plus deficits, and the imperative to rein in spending has never been greater. Because all government spending gets paid for through either taxes or borrowing—both of which burden the economy—spending reduction is an essential condition for promoting economic growth.

    As this 2012 edition of Federal Spending by the Numbers shows, total federal spending for fiscal year 2012[1] reached $3.6 trillion, or 22.9 percent the size of the entire U.S. economy. In the past 20 years, federal outlays have grown 71 percent faster than inflation. The average American household’s share of this spending is $29,691, roughly two-thirds of median household income. This relentless growth is projected to continue, pushing total government outlays to $5.5 trillion a decade from now, and to about 36 percent of gross domestic product (GDP) in the next 25 years.

    Federal entitlements are driving this spending growth, having increased from less than half of total federal outlays just 20 years ago to nearly 62 percent in 2012. Three major programs—Medicare, Medicaid, and Social Security—dominate in size and growth, soaking up about 44 percent of the budget. All three programs are growing faster than inflation, and—when joined with $1.7 trillion in new Obamacare spending—will drain about 18.5 percent of the nation’s total economic output by mid-century. Because that is about the historical annual average of total federal tax revenue, it means all other government programs—national defense, veterans health care, transportation, federal law enforcement, and others—would effectively have to be financed on borrowed money.

    Other entitlements continue growing as well. Anti-poverty programs have surged by 49 percent in just the past decade, even after adjusting for inflation. Spending for food stamps alone has more than tripled since 2002. Health programs, including Medicaid, have increased by 38 percent, and housing assistance by 48 percent.

    Although these entitlement programs have dominated the government’s spending growth, discretionary spending—spending authorized by annual appropriations bills—also has grown by 40 percent more than inflation, to $1.289 trillion. Spending on non-defense programs has grown 29 percent. These outlays peaked in 2010 due to the stimulus bill, but remain 7 percent higher than their pre-stimulus level of 2008.

    The result of this increasing deficit spending—which is financed by borrowing—is growing debt. If current policies continue, debt held by the public will approach 90 percent of total economic output by 2022, and will be twice the size of the entire economy 25 years from now.

    There is still time to change course—but that time is growing short. The Heritage Foundation’s budget plan, Saving the American Dream,[2] reforms entitlements to make them affordable and sustainable, reins in other spending while adequately funding defense, and balances the budget in 10 years. The budget can be put on a stable, sustainable course if policymakers act soon.

     
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  10. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    In response to tacobreath's comment:




     

    BWAAAAAAAAAAAAAAAA HAAAAAAAAAAAA HAAAAAAAAAAAAAAAAA

     

    OH MY FVCKING WORD< ARE YOU SERIOUS?

     

    BWAAAAAAAAAAAAAA HAAAAAAAAAAAAAAAAA HAAAAAAAAAAAAAA

     

    Yep, that sure is 'official' looking, especially with the website name at the bottom.

     

    BWAAAAAAAAAAAAAAA HAAAAAAAAAAAA HAAAAAAAAAAAAAAAAAAAAA

     

     

    Oh gawd you are fvcking ridiculous.

    I'm done, my sides ache from laughing at you.

     

    See ya in the funny papers because that's where you belong.

     

     

    BWAAAAAAAAAAAAAAA HAAAAAAAAAAAA HAAAAAAAAAAAAAAAAA



    Put down the bong dope!

    We`ve been laughing at your nonsense long enough.  Government spending year on year=UP

    Negative GDP first since 2008= yes

    Airborne head up his a55 as usual= yup

     
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  12. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    Hey spanky, from the very first table in your article.

    What do the last two lines say?

    Specifically the last two 'Total Spending' lines.

    That would be;

    2011 .... 3,666

    2012..... 2,563

    That's a net DECREASE of $103 billion.

    Thanks for playin'.

     

    But I'm sure it's a misprint because you just know gov't spending went up

     



    2563?   You into mama`s Boone`s Farm?  You wanna re-read that dope?

    (Pssst..........table is from Aug 2012, real spending I posted about 5 times here and in the other thread)

    You`re right.........thanks for playing.  You lose yet again.

     

     
  13. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: Price of Gas is back up

    Here it is for when you sober up and your brain starts working again:

    Real Federal Spending Up $822.90 Per American Since 2008

     

    February 22, 2013 

    (CNSNews.com) - Inflation-adjusted per capita federal spending went up $822.90 from fiscal 2008 to fiscal 2012, according to official data from the U.S. Treasury and the Census Bureau.

    Real federal spending also increased $2437.64 per household between 2008 and 2012.

    In constant 2012 dollars, the federal government spent $3,176,376,470,000 in 2008 and $3,538,446,000,000 in 2012, according to the U.S. Treasury. (The 2008 spending number was adjusted to 2012 dollars using the Bureau of Labor Statistics inflation calculator.)

    On April 1, 2008 (the midpoint in the federal fiscal year which ends on Sept. 30), there were 303,381,938 people in the United States, according to the U.S. Census Bureau, and on April 1, 2012 there were 313,336,712.

    The $3,176,376,470,000 that the federal government spent in fiscal 2008 equaled $10,469.89 for each of the 303,381,938 people who lived in the United States that year. The $3,538,446,000,000 the federal government spent in fiscal 2012 equaled $11,292.79 for each of the 313,336,712 people who lived in the United States that year.

    Thus from fiscal 2008 to fiscal 2012 inflation-adjusted federal spending per person increased by $822.90.

    That means that over the past four years, the federal government has increased its spending on average by about another $206 each year for every man, woman and child in the country.

    There were 111,115,000 households in the country in April 2008 (the midpoint in the fiscal year) and 114,055,000 households in April 2012. The $3,176,376,470,000 the federal government spent in fiscal 2008 equaled $28,586.39 per household. The $3,538,446,000,000 the federal government spent in fiscal 2012 equaled $31,024.03 per household. Thus from fiscal 2008 to fiscal 2012 inflation-adjusted federal spending per household increased by $2437.64.

    That means that over the past four years, the federal government has increased its spending on average by about another $609.41 each year for every household in the country.

    In order to cut real federal spending in fiscal 2013 back to the level it was at in fiscal 2008, the federal government would need to cut actual spending this year to a level that is $362,069,530,000 below what it was last year.

     

     

    CNSNews.com is not funded by the government like NPR. CNSNews.com is not funded

     
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  16. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    In response to tacobreath's comment:

     

    Here it is for when you sober up and your brain starts working again:

    Real Federal Spending Up $822.90 Per American Since 2008

     

    February 22, 2013 

    (CNSNews.com) - Inflation-adjusted per capita federal spending went up $822.90 from fiscal 2008 to fiscal 2012, according to official data from the U.S. Treasury and the Census Bureau.

    Real federal spending also increased $2437.64 per household between 2008 and 2012.

    In constant 2012 dollars, the federal government spent $3,176,376,470,000 in 2008 and $3,538,446,000,000 in 2012, according to the U.S. Treasury. (The 2008 spending number was adjusted to 2012 dollars using the Bureau of Labor Statistics inflation calculator.)

    On April 1, 2008 (the midpoint in the federal fiscal year which ends on Sept. 30), there were 303,381,938 people in the United States, according to the U.S. Census Bureau, and on April 1, 2012 there were 313,336,712.

    The $3,176,376,470,000 that the federal government spent in fiscal 2008 equaled $10,469.89 for each of the 303,381,938 people who lived in the United States that year. The $3,538,446,000,000 the federal government spent in fiscal 2012 equaled $11,292.79 for each of the 313,336,712 people who lived in the United States that year.

    Thus from fiscal 2008 to fiscal 2012 inflation-adjusted federal spending per person increased by $822.90.

    That means that over the past four years, the federal government has increased its spending on average by about another $206 each year for every man, woman and child in the country.

    There were 111,115,000 households in the country in April 2008 (the midpoint in the fiscal year) and 114,055,000 households in April 2012. The $3,176,376,470,000 the federal government spent in fiscal 2008 equaled $28,586.39 per household. The $3,538,446,000,000 the federal government spent in fiscal 2012 equaled $31,024.03 per household. Thus from fiscal 2008 to fiscal 2012 inflation-adjusted federal spending per household increased by $2437.64.

    That means that over the past four years, the federal government has increased its spending on average by about another $609.41 each year for every household in the country.

    In order to cut real federal spending in fiscal 2013 back to the level it was at in fiscal 2008, the federal government would need to cut actual spending this year to a level that is $362,069,530,000 below what it was last year.

     

     

    CNSNews.com is not funded by the government like NPR. CNSNews.com is not funded

     




     

    STOP BLAMING BABY-BUSH!!!!!!



    We know it`s Sunday night and you`ve had much to drink and smoke all weekend.  Try sleeping it off and reading the ENTIRE world`s FACTUAL DATA regarding 2012 vs. 2011 spending.  Yes, I did post an ESTIMATED spending article from AUGUST ...........BUT, I also posted a FACTUAL and ACTUAL report from FEBRUARY 22nd 2013 (YESTERDAY you moron) of the ACTUAL spending numbers.

    Sober up!

     
  17. You have chosen to ignore posts from jedwardnicky. Show jedwardnicky's posts

    Re: Price of Gas is back up

    In response to airborne-rgr's comment:

    In response to tacobreath's comment:




     

    BWAAAAAAAAAAAAAAAA HAAAAAAAAAAAA HAAAAAAAAAAAAAAAAA

     

    OH MY FVCKING WORD< ARE YOU SERIOUS?

     

    BWAAAAAAAAAAAAAA HAAAAAAAAAAAAAAAAA HAAAAAAAAAAAAAA

     

    Yep, that sure is 'official' looking, especially with the website name at the bottom.

     

    BWAAAAAAAAAAAAAAA HAAAAAAAAAAAA HAAAAAAAAAAAAAAAAAAAAA

     

     

    Oh gawd you are fvcking ridiculous.

    I'm done, my sides ache from laughing at you.

     

    See ya in the funny papers because that's where you belong.

     

     

    BWAAAAAAAAAAAAAAA HAAAAAAAAAAAA HAAAAAAAAAAAAAAAAA



    It looks official because it's got red, white and blue colors.

     
  18. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: Price of Gas is back up

    In response to jedwardnicky's comment:

    In response to airborne-rgr's comment:

     

    In response to tacobreath's comment:




     

    BWAAAAAAAAAAAAAAAA HAAAAAAAAAAAA HAAAAAAAAAAAAAAAAA

     

    OH MY FVCKING WORD< ARE YOU SERIOUS?

     

    BWAAAAAAAAAAAAAA HAAAAAAAAAAAAAAAAA HAAAAAAAAAAAAAA

     

    Yep, that sure is 'official' looking, especially with the website name at the bottom.

     

    BWAAAAAAAAAAAAAAA HAAAAAAAAAAAA HAAAAAAAAAAAAAAAAAAAAA

     

     

    Oh gawd you are fvcking ridiculous.

    I'm done, my sides ache from laughing at you.

     

    See ya in the funny papers because that's where you belong.

     

     

    BWAAAAAAAAAAAAAAA HAAAAAAAAAAAA HAAAAAAAAAAAAAAAAA

     



    It looks official because it's got red, white and blue colors.

     




    As always, we can count on you to add value to a debate, (eye roll). 

     
  19. You have chosen to ignore posts from doozy-day. Show doozy-day's posts

    Re: Price of Gas is back up

    I just like seeing air-head get all frothy on a Sunday night!

    What a social butterfly you are 12-airheads!

     

     
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  21. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: Price of Gas is back up

    In response to doozy-day's comment:

    I just like seeing air-head get all frothy on a Sunday night!

    What a social butterfly you are 12-airheads!

     



    I love his passion (if you can call it that).  I also like how he accuses others of "goal post moving" when he`s the KING of it.  This one is pretty simple.  Spending YoY is up, it`s a proven fact, there`s no argument.  He`s saying that there are "some analysts" that are "prediciting" a "re-write" of Q4 numbers so the FACT that spending was up qtr on qtr and year on year doesn`t matter.

    It`s a BS argument yet his "passion" has him jumping on it with both feet.

     

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