Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

  1. This post has been removed.

     
  2. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    Outlays, huh?

    Obama the budget cutter...thanks for the laugh..

    You get a free Obamaphone for your efforts...and an EBT card.

    Federal revenues will climb roughly 8% this year, 10.5% next year and 12.3% the year after that. And from 2016-22, federal revenues are projected to increase an average of almost 6% a year, according to Congressional Budget Office data.

    As a share of GDP, federal revenues will be 19% (and climbing) by 2017 — which is well in excess of the 17.9% average of the previous 60 years. In dollar terms, that means Washington will take in $220 billion more in 2017 alone than it would have if revenues-per-GDP were kept to the historic average.



    Read More At IBD: No Doubt: Obama's Big Spending Will Mean More Tax Hikes on Everyone - Investors.com http://news.investors.com/ibd-editorials/020413-643105-obama-wants-more-and-more-taxes.
     
  3. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    Airborne should stick to jumping out of planes.  Economics isn't his strong suit.

    expenditures up year over year, yet somehow they are going down. Crikey.  A first grader could figure that out.

     
  4. This post has been removed.

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

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    In response to airborne-rgr's comment:

    As the chart below shows, federal outlays for goods, services and employee compensation have fallen in seven of the past nine quarters, according to data compiled by the Commerce Department. The inflation-adjusted annual rate fell 7.9 percent from a peak reached in the third quarter of 2010. Spending by state and local governments has also dropped.

     

     

    http://www.ritholtz.com/blog/2013/03/spending-cuts-are-nothing-new-for-u-s-economy/



    Define Good, Service and Compensation ....... (otherwise know is cherry picking)

     http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/hist.pdf

    said we have spend more than we brought in

    Unless Oooobama is a liar !!!!

     
  6. You have chosen to ignore posts from macnh1. Show macnh1's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    Obams is a fiscal conservative and we didn't even know it.......I'm sure our creditors are sleeping better now.....how is our credit rating doing??

    $16.5 trillion in debt

    all other preidents combined...$9.5 trillion

    Obama in 4.5 years....$7 trillion....a President of historic proportions!!!!

     
  7. This post has been removed.

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

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    Because GDP is also going up.

    Hence the %-of-GDP relevant numbers.

    However, since the end of the recession, the top 1% of earners has procured over 121% of the economic gains in that time.

    Meanwhile, worker wages as a % of GDP are at their lowest levels ever.

    The people work harder.  The elite make more.  The elite spend more.  It's the american way.

     

     
  9. You have chosen to ignore posts from macnh1. Show macnh1's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    In response to airborne-rgr's comment:

    In response to macnh1's comment:

     

    Obams is a fiscal conservative and we didn't even know it.......I'm sure our creditors are sleeping better now.....how is our credit rating doing??

    $16.5 trillion in debt

    all other preidents combined...$9.5 trillion

    Obama in 4.5 years....$7 trillion....a President of historic proportions!!!!

     




    Heh, heh, heh... nothing like just jumping up and down with false numbers to try and make an argument.

     

    Sorry spanky but repeating lies doesn't change their veracity.

    I was joking when i called Obama a fiscal conservative...you can call it a lie, I called it a joke.....

    Feel free to share your wisdom about how the debt and spending is good for us???  Many great civilizations have collapsed due to fiscal irresponsbility, or are we immune because Obama went to Harvard???

     

     

     

     
  10. You have chosen to ignore posts from macnh1. Show macnh1's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    In response to MattyScornD's comment:

    Because GDP is also going up.

    Hence the %-of-GDP relevant numbers.

    However, since the end of the recession, the top 1% of earners has procured over 121% of the economic gains in that time.

    Meanwhile, worker wages as a % of GDP are at their lowest levels ever.

    The people work harder.  The elite make more.  The elite spend more.  It's the american way.

     



    So should we have widespread government forced equality and pay the CEO the same as the factory worker???

    Great idea!!  A recipe for mediocrity, but if it makes people feel better then sign me up. 

     
  11. This post has been removed.

     
  12. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    In response to MattyScornD's comment:

    Because GDP is also going up.

    Hence the %-of-GDP relevant numbers.

    However, since the end of the recession, the top 1% of earners has procured over 121% of the economic gains in that time.

    Meanwhile, worker wages as a % of GDP are at their lowest levels ever.

    The people work harder.  The elite make more.  The elite spend more.  It's the american way.

     



    The rich got 121% of something?

    No wonder they are rich.

     

    Look, enough of this class warfare BS, particularly that with mathmatical mobius equations in play.

     
  13. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    In response to airborne-rgr's comment:

    In response to macnh1's comment:

     

    In response to airborne-rgr's comment:

     

    In response to macnh1's comment:

     

    Obams is a fiscal conservative and we didn't even know it.......I'm sure our creditors are sleeping better now.....how is our credit rating doing??

    $16.5 trillion in debt

    all other preidents combined...$9.5 trillion

    Obama in 4.5 years....$7 trillion....a President of historic proportions!!!!

     




    Heh, heh, heh... nothing like just jumping up and down with false numbers to try and make an argument.

     

    Sorry spanky but repeating lies doesn't change their veracity.

     

     

    I was joking when i called Obama a fiscal conservative...you can call it a lie, I called it a joke.....

    Feel free to share your wisdom about how the debt and spending is good for us???  Many great civilizations have collapsed due to fiscal irresponsbility, or are we immune because Obama went to Harvard???

     




     

    Really, which 'Great Civilizations" collapsed because of fiscal irresponsibility?

    Which great nations collapsed because they chose butter over bullets?

     

    And as a point of fact:

    You wingnuts have been predicting all sorts of finacial Armegeddons and not one has proven correct.

    There was the hyper-inflation meme.... didn't happen.

    Then it was the bond market and it's demise....US bonds still the most trusted investment in the world. Heck, people are paying us to lend them money.

    There was the drill-baby-drill meme which had the opposite effect of fuel prices.

    And then let's not forget the idea that cutting spending now in the midst of a slow recovery would spur growth....As the chart clearly points out, the federal gov't has been steadily taking money out of the economy and the result is a sideward slog.

     

    We've had debt at 110% of GDP and the country then went into an economic boom.

    CBO has projected the debt/GDP ration to be steady at 75% of GDP for the next decade. In fact they say that if there are no changes to current policy, that ratio will decline slightly.

     



    Well, the CBO is wrong.  you can't have essentially flat growth ( that means the same GDP year in year out), borrow more, and maintain the ratio.  I suspect there is an error in their computatin' and ciperin'.

     
  14. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    In response to macnh1's comment:

    In response to MattyScornD's comment:

     

    Because GDP is also going up.

    Hence the %-of-GDP relevant numbers.

    However, since the end of the recession, the top 1% of earners has procured over 121% of the economic gains in that time.

    Meanwhile, worker wages as a % of GDP are at their lowest levels ever.

    The people work harder.  The elite make more.  The elite spend more.  It's the american way.

     

     



    So should we have widespread government forced equality and pay the CEO the same as the factory worker???

     


    I didn't say that.  You did.  Nobody is suggesting anything that stupid.

    A measured shrinking of the gap would help, though.  Greater access to affordable healthcare would help.  Greater investment in infrastructure for those blue-collar jobs would help.  Adherence to minimum wage laws and anti-discrimination laws would help.  Inentives for worker re-training would help.

    Complaining about the "47%" does NOT help.

    In other words, "slightly gradual change we can believe in."

     

     

     
  15. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    In response to airborne-rgr's comment:

    In response to ComingLiberalCrackup's comment:

     

    Outlays, huh?

    Obama the budget cutter...thanks for the laugh..

    You get a free Obamaphone for your efforts...and an EBT card.

    Federal revenues will climb roughly 8% this year, 10.5% next year and 12.3% the year after that. And from 2016-22, federal revenues are projected to increase an average of almost 6% a year, according to Congressional Budget Office data.

    As a share of GDP, federal revenues will be 19% (and climbing) by 2017 — which is well in excess of the 17.9% average of the previous 60 years. In dollar terms, that means Washington will take in $220 billion more in 2017 alone than it would have if revenues-per-GDP were kept to the historic average.



    Read More At IBD: No Doubt: Obama's Big Spending Will Mean More Tax Hikes on Everyone - Investors.com http://news.investors.com/ibd-editorials/020413-643105-obama-wants-more-and-more-taxes.




     

    Ummmm, ya OUTLAYS.

    So what field are you dragging the goalposts to?  Future revenues?

    And what the heck does that have to do with the OP?



    I am not sure, but I think outlays, based on the chart, are non-debt or entitlement spending.  So, in reality, the chart shows that the part of the government intended to actually run the country is in decline, largely do to excessive borrowing. 

    So, the left disproves it's own point right within it's own flawed attempt at proving it.

    Brilliant!

     
  16. This post has been removed.

     
  17. This post has been removed.

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

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    In response to skeeter20's comment:

    In response to MattyScornD's comment:

     

    Because GDP is also going up.

    Hence the %-of-GDP relevant numbers.

    However, since the end of the recession, the top 1% of earners has procured over 121% of the economic gains in that time.

    Meanwhile, worker wages as a % of GDP are at their lowest levels ever.

    The people work harder.  The elite make more.  The elite spend more.  It's the american way.

     

     



    The rich got 121% of something?

     

    No wonder they are rich.

     

    Look, enough of this class warfare BS, particularly that with mathmatical mobius equations in play.



    Dismiss and call it whatever you like.  It's still a fact:

    From 2009 to 2011, average real income per family grew modestly by 1.7% (Table 1) but the gains were very uneven. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%. Hence, the top 1% captured 121% of the income gains in the first two years of the recovery. From 2009 to 2010, top 1% grew fast and then stagnated from 2010 to 2011. Bottom 99% stagnated both from 2009 to 2010 and from 2010 to 2011.

    How is it possible for the 1 percent to capture more than all of the nation’s income gains? The number is due to the fact that those at the bottom saw their incomes drop.

     

    As you say, it's no wonder they're rich.

     

     

     
  19. This post has been removed.

     
  20. This post has been removed.

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

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    In response to airborne-rgr's comment:

    In response to Newtster's comment:

     

    Cherry picking and statistical gyrations.

    Are you now for cutting spending? LOL! 

    What is your point?

     

    Anyway, your assertion of lower spending does not show up in WHITE HOUSE documents:

    http://www.whitehouse.gov/omb/budget/Historicals

    I'd cut and paste the #s but it is too much of a pain in the .

     




    It shows up in the documents if your looking at the correct ones.

     

     

     

                                 2008 2009 2010 2011 2012

    National defense 20.7 18.8 20.1 19.6 18.9

    Human resources 63.6 61.3 69.0 67.0 65.2

    Physical resources 5.4 12.6 2.6 4.5 7.4

    Net interest 8.5 5.3 5.7 6.4 5.9

    Other functions 4.8 4.6 5.0 4.9 5.3

    Undistributed offsetting receipts -2.9 -2.6 -2.4 -2.4 -2.6

    Total, Federal outlays 100.0 100.0 100.0 100.0 100.0

     



    Are you serious...

    Those are the % of outlay of overall spending!!!!

    let me put it in simple term

    if you have to pay 10%  of the bill this year of $500 

    and next year you pay 5% of the bill of  $1500

    Did you save more or spend more?

     

     
  22. You have chosen to ignore posts from ImYourDaddy. Show ImYourDaddy's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

    In response to MattyScornD's comment:

    In response to skeeter20's comment:

     

    In response to MattyScornD's comment:

     

    Because GDP is also going up.

    Hence the %-of-GDP relevant numbers.

    However, since the end of the recession, the top 1% of earners has procured over 121% of the economic gains in that time.

    Meanwhile, worker wages as a % of GDP are at their lowest levels ever.

    The people work harder.  The elite make more.  The elite spend more.  It's the american way.

     

     



    The rich got 121% of something?

     

    No wonder they are rich.

     

    Look, enough of this class warfare BS, particularly that with mathmatical mobius equations in play.

     



    Dismiss and call it whatever you like.  It's still a fact:

     

    From 2009 to 2011, average real income per family grew modestly by 1.7% (Table 1) but the gains were very uneven. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%. Hence, the top 1% captured 121% of the income gains in the first two years of the recovery. From 2009 to 2010, top 1% grew fast and then stagnated from 2010 to 2011. Bottom 99% stagnated both from 2009 to 2010 and from 2010 to 2011.

    How is it possible for the 1 percent to capture more than all of the nation’s income gains? The number is due to the fact that those at the bottom saw their incomes drop.

     

    As you say, it's no wonder they're rich.

     

     




    You must be blinded by hate,envy for the sucessful people in this country

    The top 1% of people , most likely don't work but make their money from their investments.

    You only want to look at when the top 1 % make money.. I'm not surprise, you been feed with the class warfare by Obama. Those evil rich dude are the reason you can make it in this country

    BUT what about the year  2007-2008?

    When the top 1% lost close to 20% of their income? (too bad I guess)

    so do the math lost 20% gain 11.2% ....  and not only that  those greedy folks have to pay taxes on that 11.2% gain but can only get a 3,000 deduction on that 20% lost..... 

     

     
  23. This post has been removed.

     
  24. This post has been removed.

     
  25. You have chosen to ignore posts from undead. Show undead's posts

    Re: Domestic spending outlays have fallen in seven of the last nine quarters. Damn you, Obama

     Obama isn't trying to rewrite the constitution, but he sure is doing is best to bypass it any chance he gets.

     

     You can argue numbers, ratios, etc., all you want. The simple point of the fact, however, isn't what happens up there, it's what happens to people living in the real world.

     How much will it effect:

    Groceries

    Entertainment

    Necessary Repairs

    Equipment

     The things we all need to survive. This is what all you econimic majors and accountants don't ever seem to be able to see. Stop looking at the numbers and start looking at people, for their opinions are worth far more than any numbers you can come up with.

     

     
Sections
Shortcuts

Share