What happened to all of the doom and gloom economic threads?

Interesting public debt numbers on Page 17 of the Financial Report of the U.S. Government for Fiscal Year 2012, published by the Treasury Department...

...the numbers take into consideration 3 things:

1. They represent only publicly-held debt, not debt the government owes itself in the form of Social Security, Medicare, and other intra-governmental loans (including that debt, the full national debt reached a 100+% debt-to-GDP ratio for fiscal year 2012);

2. The numbers assume the Affordable Care Act will lower health care costs, not increase them;

3. The numbers also assume sequestration goes into effect.

When you add-in those 3 considerations, your mind can imagine how conservative the following numbers truly are:

- At the end of the 2012 fiscal year, public debt was 73% of GDP

- Public debt is expected to be 78% of GDP by 2022

- It will rise to 145% of GDP in 2042

- By 2087, public debt will be 395% of GDP

Gaylord Catfish said:

Just don't understand how come all of Rob's neighbors are hating on the President

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They certainly don't mirror America as a whole, do they?

eyer said:

Interesting public debt numbers on Page 17 of the Financial Report of the U.S. Government for Fiscal Year 2012, published by the Treasury Department...

...the numbers take into consideration 3 things:

1. They represent only publicly-held debt, not debt the government owes itself in the form of Social Security, Medicare, and other intra-governmental loans (including that debt, the full national debt reached a 100+% debt-to-GDP ratio for fiscal year 2012);

2. The numbers assume the Affordable Care Act will lower health care costs, not increase them;

3. The numbers also assume sequestration goes into effect.

When you add-in those 3 considerations, your mind can imagine how conservative the following numbers truly are:

- At the end of the 2012 fiscal year, public debt was 73% of GDP

- Public debt is expected to be 78% of GDP by 2022

- It will rise to 145% of GDP in 2042

- By 2087, public debt will be 395% of GDP

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And that report says that the deficit should be brought down slowly, otherwise it will hammer the economy.

vetteman said:

12% of Democrats and 15% of blacks want his ass canned as well. There probably hasn't been a Democrat hated more in Rob's state since JFK. Better check out the local Communists and see if any are named Lee.

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I know it's hard for you to comprehend, Vette, but even though JFK, was killed here in Texas, at that time he was more admired here than hated and Texas was a blue state. The main reason the right hates Obama with as much passion as they do is because he's a Democrat and he's black. They tend to believe that a black Democratic president has to be a Muslim and foreign born because afterall he's black and a Democrat who has, God forbid, a Kenyan heritage. It wasn't that long ago that a Democratic Catholic Irish president was considered anathema to what was considered a true American, and therefore not presidential material.

mercury14 said:

Texas Republicans don't think they should have to follow the results of a democratic election. This is not news.

PPP likes to drop these questions in their polls to make conservatives look like idiots. This is the same pollster that came out with the bit about 46% of Mississippi Republicans approve of making interracial marriage illegal. Vette doesn't know when he's being mocked.

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The GOP continues to implode while they're still trying to figure out why, having conferences to learn how to talk to hispanics and women, legislating how they can imprison women and doctors for abortions, and teaching hate and tyranny while they talk about love and patriotism. They're ridiculous and in a timewarp of their own making.

If we run into such debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers.

And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on 'til the bulk of the society is reduced to be mere automatons of misery, to have no sensibilities left but for sinning and suffering...

And the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.

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Thomas Jefferson letter to Samuel Kercheval, 1816

eyer said:

Thomas Jefferson letter to Samuel Kercheval, 1816

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Here's an idea...let's go back in time...maybe to when Thomas Jefferson was alive. Our country will be so happy.

Obamacare 'Glitch' Allows Some Families To Be Priced Out Of Health Insurance


By RICARDO ALONSO-ZALDIVAR 01/30/13 09:55 PM ET EST AP











WASHINGTON — Some families could get priced out of health insurance due to what's being called a glitch in President Barack Obama's overhaul law. IRS regulations issued Wednesday failed to fix the problem as liberal backers of the president's plan had hoped.

As a result, some families that can't afford the employer coverage that they are offered on the job will not be able to get financial assistance from the government to buy private health insurance on their own. How many people will be affected is unclear.

The Obama administration says its hands were tied by the way Congress wrote the law. Officials said the administration tried to mitigate the impact. Families that can't get coverage because of the glitch will not face a tax penalty for remaining uninsured, the IRS rules said.

"This is a very significant problem, and we have urged that it be fixed," said Ron Pollack, executive director of Families USA, an advocacy group that supported the overhaul from its early days. "It is clear that the only way this can be fixed is through legislation and not the regulatory process."

But there's not much hope for an immediate fix from Congress, since the House is controlled by Republicans who would still like to see the whole law repealed.

The affordability glitch is one of a series of problems coming into sharper focus as the law moves to full implementation.

Starting Oct. 1, many middle-class uninsured will be able to sign up for government-subsidized private coverage through new health care marketplaces known as exchanges. Coverage will be effective Jan. 1. Low-income people will be steered to expanded safety-net programs. At the same time, virtually all Americans will be required to carry health insurance, either through an employer, a government program, or by buying their own plan.

Bruce Lesley, president of First Focus, an advocacy group for children, cited estimates that close to 500,000 children could remain uninsured because of the glitch. "The children's community is disappointed by the administration's decision to deny access to coverage for children based on a bogus definition of affordability," Lesley said in a statement.

The problem seems to be the way the law defined affordable.




Congress said affordable coverage can't cost more than 9.5 percent of family income. People with coverage the law considers affordable cannot get subsidies to go into the new insurance markets. The purpose of that restriction was to prevent a stampede away from employer coverage.

BB - Yes I know that's a problem, one that was there long before the ACA. Very low-income families should be able to get tax breaks to help them with this.

coastal-boy said:

Here's an idea...let's go back in time...maybe to when Thomas Jefferson was alive. Our country will be so happy.

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That's exactly what Glenn Beck wants to do. It's worth a watch

WhoSane TurdAlot is whack job

FUCKS up everything

STUDY: New E15 Gas Can Ruin Auto Engines. “In 2010 and 2011, EPA gave the green light to use E15 – the 15 percent ethanol gasoline blend – in model-year-2001-and-later cars and some other vehicles. EPA’s action was irresponsible. EPA knew E15 vehicle testing was ongoing but decided not to wait for the results. Why did EPA move forward prematurely? Part of the answer may be the need to raise the permissible concentration level of ethanol so that greater volumes could be used, as required by the federal Renewable Fuel Standard. Most gasoline sold today is an E10 blend, but rising volume requirements under the law can’t be met much longer without going to higher blends.”

“Feds are pushing E15, not because of green fantasies about E15 itself, but because the existing formulas (mostly E10) weren’t using enough ethanol to meet the mandated amount of ethanol use. Central planning failures always lead to more central planning. It’s a beautiful thing. Well, not really.” Except for central planners.


Not to mention it drives up food prices and leads to starvation of poor BLACK PEOPLE in Africa

Oh, NIGGER CURRY will be here questioning the source and other BULLSHIT

But who will see what he says?

BUSYBODY-II said:

WhoSane TurdAlot is whack job

FUCKS up everything

STUDY: New E15 Gas Can Ruin Auto Engines. “In 2010 and 2011, EPA gave the green light to use E15 – the 15 percent ethanol gasoline blend – in model-year-2001-and-later cars and some other vehicles. EPA’s action was irresponsible. EPA knew E15 vehicle testing was ongoing but decided not to wait for the results. Why did EPA move forward prematurely? Part of the answer may be the need to raise the permissible concentration level of ethanol so that greater volumes could be used, as required by the federal Renewable Fuel Standard. Most gasoline sold today is an E10 blend, but rising volume requirements under the law can’t be met much longer without going to higher blends.”

“Feds are pushing E15, not because of green fantasies about E15 itself, but because the existing formulas (mostly E10) weren’t using enough ethanol to meet the mandated amount of ethanol use. Central planning failures always lead to more central planning. It’s a beautiful thing. Well, not really.” Except for central planners.


Not to mention it drives up food prices and leads to starvation of poor BLACK PEOPLE in Africa

Oh, NIGGER CURRY will be here questioning the source and other BULLSHIT

But who will see what he says?

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SOURCE: The American Petroleum Institute, the oil industry's very own lobbying group.

LEFTIST MEDIA "SURPRISED" BY SINKING ECONOMY









ARE THEY REALLY MORONS?

Like Rush Limbaugh I'm beginning to smell a big, fat stinking fascist rat named Obama and his elite Washington, D.C. ruling class, who will talk about ANYTHING other than THEIR Manufactured Barack Obama Style Great Depression II.

Yes, Virginia, it helps to own the propaganda factory of the Lamestream Media that directs the public attention to "false flag operations" like gun control and women in the military.

One wonder what the fascist ruling elite will have their stooges in the Media say when the economy totally crashes and burns?

I KNOW: GEORGE BUSH AND THE REPUBLICANS DID IT!!!

Hey now, it worked in 1932 with Hoover!

...And if the public is stupid enough to believe in Big Media Lie of Global Warming (AGW) after 17 years of increasingly colder temperatures, that may herald the beginning of a New Ice Age, they will believe ANYTHING the Beltway ruling class tells them.

January 30, 2013

RUSH: If there were a Republican in the White House, we'd be in a recession. If there were a Republican in the White House, we'd never have come out of the recession. If there were a Republican in the White House, there would be a depression. If there were a Republican in the White House and all this was going on, we'd be doing impeachment hearings by now.

No, not MORONS

Deliberate

PROTECT

DA

NIGGER

AT ALL

COSTS

LadyVer said:

I know it's hard for you to comprehend, Vette, but even though JFK, was killed here in Texas, at that time he was more admired here than hated and Texas was a blue state. The main reason the right hates Obama with as much passion as they do is because he's a Democrat and he's black. They tend to believe that a black Democratic president has to be a Muslim and foreign born because afterall he's black and a Democrat who has, God forbid, a Kenyan heritage. It wasn't that long ago that a Democratic Catholic Irish president was considered anathema to what was considered a true American, and therefore not presidential material.




The GOP continues to implode while they're still trying to figure out why, having conferences to learn how to talk to hispanics and women, legislating how they can imprison women and doctors for abortions, and teaching hate and tyranny while they talk about love and patriotism. They're ridiculous and in a timewarp of their own making.

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You scared him with the truth.

You can probably get him to respond again if you talk about poop, cocks, or butts.

I blame Cliff SandyBush..........NIGGER CURRY questions the source........and is MORONIC enough to BULLSHIT abut 4 week moving average


PROTECT DA NIGGER


New U.S. jobless claims jump 38,000 to 368,000

By Jeffry Bartash WASHINGTON (MarketWatch) - The number of people who filed new applications for U.S. unemployment benefits climbed 38,000 to a seasonally adjusted 368,000 in the week ended Jan. 26, putting them at a one-month high, according to Labor Department data released Thursday. Economists surveyed by MarketWatch expected claims to climb to 355,000. Initial claims have returned to a level that prevailed through the later stages of 2012 after touching a five-year low earlier this month. Claims are often extremely jumpy in January after the end of the holidays and the start of a new year. Companies let go of temporary hires and some people wait until after the holidays to file claims. Initial claims from two weeks ago were unrevised at 330,000. The average of new claims over the past month, meanwhile, edged up by 250 to 352,000. The four-week average reduces seasonal volatility in the weekly data and is seen as a more accurate barometer of labor-market trends. Also, Labor said continuing claims increased by 22,000 to a seasonally adjusted 3.2 million in the week ended Jan. 19. Continuing claims reflect the number of people already receiving benefits. About 5.9 million people received some kind of state or federal benefit in the week ended Jan. 12, up 255,501 from the prior week. Total claims are reported with a two-week lag

When ObamaCare starts to bite

The number will jump MORE


I blame Cliff SandyBush

Where Are The Jobs, Mr. President?

--------------------------------------------------------------------------------

Where Are The Jobs, Mr. President?

By Peter Kirsanow

When Nancy Pelosi asked that question in 2003, the unemployment rate was 6.1 percent. The unemployment rate for blacks was 11 percent. GDP, however, was growing at a 7.2 percent clip, and barely more than a year later the unemployment rate had fallen to 4.9 percent. That didn’t stop Pelosi and her allies, including many in the news media, from repeatedly asking the above question and proclaiming the jobs picture to be the worst since Herbert Hoover.

Today’s jobs report for December marks 48 consecutive months with unemployment at 7.8 percent or higher. Black unemployment is at 14 percent, up from 13.2 percent in November. And the labor-force-participation rate remains at historic lows as waves of people continue to drop out of the job market.

But Nancy Pelosi has lost her curiosity about the location of the nation’s jobs.

Welcome to Obama Normal.

BUSYBODY-II said:

New U.S. jobless claims jump 38,000 to 368,000

By Jeffry Bartash WASHINGTON (MarketWatch) - The number of people who filed new applications for U.S. unemployment benefits climbed 38,000 to a seasonally adjusted 368,000 in the week ended Jan. 26, putting them at a one-month high, according to Labor Department data released Thursday. Economists surveyed by MarketWatch expected claims to climb to 355,000. Initial claims have returned to a level that prevailed through the later stages of 2012 after touching a five-year low earlier this month. Claims are often extremely jumpy in January after the end of the holidays and the start of a new year. Companies let go of temporary hires and some people wait until after the holidays to file claims. Initial claims from two weeks ago were unrevised at 330,000. The average of new claims over the past month, meanwhile, edged up by 250 to 352,000. The four-week average reduces seasonal volatility in the weekly data and is seen as a more accurate barometer of labor-market trends. Also, Labor said continuing claims increased by 22,000 to a seasonally adjusted 3.2 million in the week ended Jan. 19. Continuing claims reflect the number of people already receiving benefits. About 5.9 million people received some kind of state or federal benefit in the week ended Jan. 12, up 255,501 from the prior week. Total claims are reported with a two-week lag

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The four-week rolling average is lower than it's been since summer of 2008. Tell us again how that's a bad thing.

vetteman said:

leftist media...

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Because we all know it's "leftist" to quote fundamental Wall Street data.

They should just study CUNT STUFF and get great jobs

I know

CURRY SAID SO


HIGHER EDUCATION BUBBLE UPDATE: Mark Cuban: Will Your College Go Out Of Business Before You Graduate? “When I look at the university and college systems around the country I see the newspaper industry.”

Stocks dip on mixed data, earnings

Stocks rise amid mixed reports