BREAKING NEWS: U.S. economy shrank in 2012 4th qtr | Page 4 | TigerDroppings.com
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CajunAngele
LSU Fan
Member since Oct 2012
16400 posts
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re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr

quote:

There are been alot of pending cuts that you just don't know about. Here's an example of cuts that go unnoticed:

Rep. Jason Chaffetz (R-Utah) acknowledged on Wednesday that House Republicans had consciously voted to reduce the funds allocated to the State Department for embassy security since winning the majority in 2010.

On Wednesday morning, CNN anchor Soledad O'Brien asked the Utah Republican if he had "voted to cut the funding for embassy security."

"Absolutely," Chaffetz said. "Look we have to make priorities and choices in this country. We have…15,000 contractors in Iraq. We have more than 6,000 contractors, a private army there, for President Obama, in Baghdad. And we’re talking about can we get two dozen or so people into Libya to help protect our forces. When you’re in tough economic times, you have to make difficult choices. You have to prioritize things.”

For the past two years, House Republicans have continued to deprioritize the security forces protecting State Department personnel around the world. In fiscal year 2011, lawmakers shaved $128 million off of the administration's request for embassy security funding.



4 deaths in Benghazi is the republicans fault?

Way to change the subject and deflect blame.


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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
27838 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

augrad00


Why are you focusing on such a small component of a $15.6 Trillion GDP print. Defense spending fell from 0.6981 to 0.6557 Trillion from last quarter. That is only ~4% of the total GDP.


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
24535 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

There are been alot of pending cuts that you just don't know about.
Don't tell me what I do and do not know.

Beyond your rude projection, pending cuts don't curb current GDP in a 1:1 ratio.

I'd argue that future expenses from Obamacare are more of a drag than future defense cuts.


udtiger
LSU Fan
Louisiana
Member since Nov 2006
28827 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

fail lib


Redundant


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CajunAngele
LSU Fan
Member since Oct 2012
16400 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
And too think the talking point over at mediamatters dot com, is to promote growth in the economy!

How stupid do liberals think Americans are?


Vissarion
Member since Jan 2013
64 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
the economist thinks differently LINK


TexTiga
LSU Fan
SugarLand , Tx
Member since Oct 2007
2296 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
The White House on Wednesday blamed the devastation from Superstorm Sandy and disruptions from deep scheduled spending cuts for the surprise 0.1 percent drop in gross domestic product (GDP) in the fourth quarter


moneyg
LSU Fan
Member since Jun 2006
21333 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

It was due to spending cuts


We've had spending cuts?


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CajunAngele
LSU Fan
Member since Oct 2012
16400 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

The White House on Wednesday blamed the devastation from Superstorm Sandy, George Bush, The Arab Spring,ATM machines,Fox News and disruptions from Obama's Vacations,golf games and deep scheduled spending cuts for the surprise 0.1 percent drop in gross domestic product (GDP) in the fourth quarter


FIFY!


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moneyg
LSU Fan
Member since Jun 2006
21333 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

i hope you didnt graduate from au in econ





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91TIGER
LSU Fan
Lafayette
Member since Aug 2006
7065 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

How stupid do liberals think Americans are?


Think, rather they know how stupid Americans are. Just take a look at who is in control of this govmnt, the prince of fools--Barry Soetoro !


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jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27634 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

Vissarion

you realize the article you linked was published a full week ago, whereas the GDP data was released today dont you?



Vissarion
Member since Jan 2013
64 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

you realize the article you linked was published a full week ago


yes, but the article wasn't talking about GDP data if you read it.

quote:

whereas the GDP data was released today dont you?




thanks for clarifying


jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27634 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

yes, but the article wasn't talking about GDP data if you read it

the article was on the improving economy - the author would have to look back at their article as a result of incomplete data given these new GDP numbers.

it takes a great deal of mental gymnastics to justify referring to any economy that is actually shrinking as "recovering" or worse yet, "recovered".



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HailHailtoMichigan!
Michigan Fan
Coto de Caza, CA
Member since Mar 2012
18144 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
You guys have your spending cuts. Where the frick is the growth?


GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
27838 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

You guys have your spending cuts. Where the frick is the growth?


Did you happen to look at the individual components of today's GDP print? If not look a few post back where I posted a chart of each component and their relative growth quarter to quarter. The only component that was down besides government spending was inventories. Every other component is growing. As I mentioned in a previous post a decrease in government spending is good. Now only if the federal government could get out of the way in terms of regulation and taxation the GDP would fly.


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21472 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

i hope you didnt graduate from au in econ



Auburn is actually one of the better place to learn economics at given its relations with the Mises Institute.


DaGarun
Northwestern St. Fan
NashVegas
Member since Nov 2007
18884 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
I think you misinterpreted his point, josh...


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HailHailtoMichigan!
Michigan Fan
Coto de Caza, CA
Member since Mar 2012
18144 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

decrease in government spending is good.
4th quarter shrink disagrees with this point.


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