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

[Adre]

What program would you cut? You know it cannot be medicare, medicAid support or Social Security. So, that leaves only the Military if you wish to make meaningful cuts.

I know you'd be happy to cut any part of the Military except their veterans assistance and their retirement system.

Procurement fraud and waste might be a place to start.

 

[kbate]

Procurement fraud and waste might be a place to start.

And how sir, do you propose to eliminate fraud and waste?

Never mind. It's just a nice soundbite on the loop.

 

[Adre]

And how sir, do you propose to eliminate fraud and waste?

Never mind. It's just a nice soundbite on the loop.

Zero based budgeting, for example. That's a system, not a sound bite. But never mind, you don't want to hear. I understand.

 

[RobDownSouth]

Remember, we won Tet ....

We won every major battle and still managed to lose the war.

War is heck.

 

[Sean Renaud]

Zero based budgeting, for example. That's a system, not a sound bite. But never mind, you don't want to hear. I understand.

Explain how you expect this to function.

 

[koalabear]

Great Recession still slamming the middle class

 

[kbate]

Zero based budgeting, for example. That's a system, not a sound bite. But never mind, you don't want to hear. I understand.

I asked, and all you can do is come up with budgeting and snark?

Zero Based budgeting does not eliminate fraudulent claims, and has nothing to do with claims. It might help eliminate overhead in administration of programs.

It works a lot better with a private enterprise where all factors can be managed and analyzed than with a public program like medicare where the costs cannot be known until the services are rendered.

 

[IrezumiKiss]

Izzy


Stop stretching the screen asshole...

I didn't know you were into anal that much.

My post was no bigger than Trysail's usual chart & graph porn. Maybe you need to get a "bigger monitor asshole?"

 

[bra_man69]

http://rlv.zcache.com/obamas_re_election_mess_2012_bumper_stickers-p128858672525921855en7pq_400.jpg

 

[4est_4est_Gump]

China is circling the drain...

http://www.bloomberg.com/news/2012-...nishing-leave-china-victims-seeing-scams.html

Meanwhile, we're looking for an economic boost from the Fed in the form of free money, not any new jobs, manufacturing or breakthrough technology, but hey, this time, THIS TIME, the inflation fraud will produce an economic miracle!

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
John Maynard Keynes

“There is one good thing about Marx: he was not a Keynesian.”
Murray N. Rothbard

 

[4est_4est_Gump]

I asked, and all you can do is come up with budgeting and snark?

Zero Based budgeting does not eliminate fraudulent claims, and has nothing to do with claims. It might help eliminate overhead in administration of programs.

It works a lot better with a private enterprise where all factors can be managed and analyzed than with a public program like medicare where the costs cannot be known until the services are rendered.

You will have to pry zero-based budgeting from the hands of a dead and dying Congress...

Why the hell should they be held responsible for their spending!

They'd much rather join OJ out on the 18th green and diligently hunt for fraud and murderers...

 

[cheesehead2]

Bow to the East another great day.

 

[kbate]

You will have to pry zero-based budgeting from the hands of a dead and dying Congress...

Why the hell should they be held responsible for their spending!

They'd much rather join OJ out on the 18th green and diligently hunt for fraud and murderers...

It wouldn't work with the big 2 programs anyway.

I think the congress is happier living with 'continuing spending resolution' rather than a budget anyway.

Better would be if they look at the regulatory accountability act with some honest thought.

 

[4est_4est_Gump]

It wouldn't work with the big 2 programs anyway.

I think the congress is happier living with 'continuing spending resolution' rather than a budget anyway.

Better would be if they look at the regulatory accountability act with some honest thought.

Agreed, but honest thought?

Honest thought will get you out of government faster than you can say Ayn R...

 

[kbate]

Agreed, but honest thought?

Honest thought will get you out of government faster than you can say Ayn R...

Who knew that the way to eliminate deficit spending was to eliminate the budget process and just switch over to "spending".

 

[4est_4est_Gump]

Who knew that the way to eliminate deficit spending was to eliminate the budget process and just switch over to "spending".

I never would have dreamt it...

There will be no medieval magic when one turns to government to be their champion. Government is not a shining knight on a strong horse; it is a night mare.
A_J, the Stupid

 

[Busybody]

Weekly U.S. jobless claims climb 15,000 to 382,000




By Jeffry Bartash

WASHINGTON (MarketWatch) - Applications for U.S. jobless benefits jumped by 15,000 to a seasonally adjusted 382,000 in the week ended Sept. 8,, with about half the increase related to tropical storm Isaac, the Labor Department said Thursday. That's the highest level of claims since mid-July. The government said about 9,000 claims stemmed from the storm that passed through the Gulf Coast in late August. Some people could not work because of storm damage, but they did not apply for benefits right away. Economists surveyed by MarketWatch expected claims to rise to 370,000. Initial claims from two weeks ago were revised up to 367,000 from an original reading of 365,000, based on more complete data collected at the state level. The average of new claims over the past month, meanwhile, rose by 3,250 to 375,000, also the highest level since mid-July. 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 decreased by 49,000 to a seasonally adjusted 3.28 million in the week ended Sept. 1. Continuing claims reflect the number of people already receiving regular unemployment insurance. About 5.39 million people received some kind of state or federal benefit in the week ended Aug. 25, down 78,465 from the prior week. Total claims are reported with a two-week lag

 

[4est_4est_Gump]

Weekly U.S. jobless claims climb 15,000 to 382,000




By Jeffry Bartash

WASHINGTON (MarketWatch) - Applications for U.S. jobless benefits jumped by 15,000 to a seasonally adjusted 382,000 in the week ended Sept. 8,, with about half the increase related to tropical storm Isaac, the Labor Department said Thursday. That's the highest level of claims since mid-July. The government said about 9,000 claims stemmed from the storm that passed through the Gulf Coast in late August. Some people could not work because of storm damage, but they did not apply for benefits right away. Economists surveyed by MarketWatch expected claims to rise to 370,000. Initial claims from two weeks ago were revised up to 367,000 from an original reading of 365,000, based on more complete data collected at the state level. The average of new claims over the past month, meanwhile, rose by 3,250 to 375,000, also the highest level since mid-July. 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 decreased by 49,000 to a seasonally adjusted 3.28 million in the week ended Sept. 1. Continuing claims reflect the number of people already receiving regular unemployment insurance. About 5.39 million people received some kind of state or federal benefit in the week ended Aug. 25, down 78,465 from the prior week. Total claims are reported with a two-week lag

I thought that this was the Fall of Recovery; under 6% unemployment by the election.

We're going to have to get a lot of people to give up...

When do we get an apology?

Why just Islam?

 

[unregistered]

 

[Busybody]

but who cares?

No one

 

[Busybody]

HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Census: Middle Class Incomes Fall Again.



President Obama employs some of the best political stone soup makers in memory, but even they’re having trouble with this one. On Wednesday’s terrible Census Bureau findings on income and poverty, the White House put out a statement saying the report shows “we have made progress digging our way out of the worst economic crisis since the Great Depression,” even if “too many families are still struggling.”

Oh? Such progress includes median household income falling by $777 to $50,054 in 2011, a decline of 1.5% in real terms and the second in two years. This measure of middle-class incomes is 8.1% lower than in 2007. . . . Meanwhile, 46.2 million Americans live in poverty, a near-record high at 15% and also unchanged since last year. They’ll be happy to know the White House considers this progress.

How’s that hopey-changey stuff workin’ out for ya?

Related: Downward Mobility: One-Third Of Americans In ‘Lower Classes’ Since Obama Took Office.“According to the Pew Research Center, Americans who say they are in the lower-middle or lower-class has risen from 25 percent to 32 percent in the past four years, in the national survey of 2,508 adults. Not only has the lower class grown, but its demographic profile also has shifted. People younger than 30 are disproportionately swelling the ranks of the self-defined lower classes. The shares of Hispanics and whites who place themselves in the lower class also are growing. . . . Many in the lower class see their prospects dimming. About three-quarters (77%) say it’s harder now to get ahead than it was 10 years ago.”

 

[Busybody]

THE GOOD NEWS FOR OBAMA IS THAT THE EMBASSY ATTACKS WILL DISTRACT PEOPLE FROM THIS BAD ECONOMIC NEWS: Jobless Claims in U.S. Rose More Than Forecast Last Week.“The number of Americans filing applications for unemployment benefits rose more than projected last week, showing scant improvement on the outlook for jobs. Jobless claims increased 15,000 in the week ended Sept. 8, the biggest gain in almost two months, to 382,000, Labor Department figures showed today in Washington. The median forecast of 50 economists surveyed by Bloomberg called for 370,000 claims. . . . The jobless rate has been stuck above 8 percent since February 2009, the longest stretch in monthly records going back to 1948.” Unexpectedly!

UPDATE: Wholesale Gas Prices Up Most In 3 Years.

How’s that hopey-changey stuff workin’ out for ya?

 

[Busybody]

DOOFUS says ITS NOT THE FUK's FAULT!

Household Income Declines for Second Year in a Row


By Patrick Brennan

September 13, 2012 10:09 A.M.




The Census Department released their 2011 report on household economic status yesterday, and predictably, it’s depressing news: Real household income declined for the second year in a row, this time by 1.5 percent:



That number now sits 8.9 percent lower than it did before the recession, in 2007. Incomes dropped most precipitously in the West, by 4.1 percent (versus 1.5 percent in the Northeast and 2.1 percent in the Midwest), while they were essentially unchanged in the South, with a 0.1 percent increase (regional numbers are somewhat unreliable, though). And for all the talk about the “End of Men,” median incomes for full-time-employed men and women decreased by the same amount, 2.5 percent.

Shares of aggregate income for the bottom four quintiles decreased by between 1.2 and 1.8 percent, while the share for the top quintile increased 1.6 percent, and for the top 5 percent, by 4.9 percent, although that’s a less reliable number. Most of these numbers change very little when you look at equivalency-adjusted income, which (basically) adjusts for the number of people in a household, a more accurate measure that often reduces apparent inequality. When you take that into account, though, the bottom quintile’s change is dramatically different, with no decrease at all, actually a 0.1 percent increase. This is consistent with a decades-long pattern in which inequality has grown between the middle and the top, but not the middle and the bottom, so to speak.

The poverty rate remained constant, at 15 percent (after increasing in the three preceding years). That didn’t change across most demographics, including various household statuses: The poverty rate for married couples remained at around 6 percent, while it sat at 32 percent in single-mother households, and about 16 percent among single-father households.

The share of the population covered by health insurance did, happily, increase, from 83.7 percent to 84.3 percent. That increase of 3.6 million persons, however, appears to be entirely attributable to the increase in government-insurance rolls, which swelled by 4 million (raising that share of the population from 31.2 percent to 32.2 percent).

 

[trysail]

QE3


This goddamned Bernanke idiot is going to fuck this economy up beyond repair.

I expect the politicians ( of both the Executive and Legislative varieties ) to behave like morons. That's a given. The Fed was always the last hope for any self-discipline. Now that's gone.


The Fed's refusal to accept near-term pain in exchange for long-term stability is the last straw.


This is not going to end well.

"Democracy IS inflation."​

 

[IrezumiKiss]

http://25.media.tumblr.com/tumblr_maaxbrdUpZ1qa4ff3o1_r1_1280.jpg