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Yes and aren't we told repeatedly that forecasts don't mean anything? Remember the forecast for unemployment with stimulus was 8%, when it hit 10.2% we were told it was no big deal since the 8% was only a forecast? Forecasts are meaningless.
Yes and aren't we told repeatedly that forecasts don't mean anything? Remember the forecast for unemployment with stimulus was 8%, when it hit 10.2% we were told it was no big deal since the 8% was only a forecast? Forecasts are meaningless.
Yes, you are much better off following the trends, than forcasts. Look at the unemployment trend. Looking good. And you can read news for current facts, like this one we are talking about (increase in consumer spending), or the fact that household net worth went up by 5% U.S. household net worth grows $2.7 trillion - Dec. 10, 2009
assuming that is true, which i would like to further investigate based on BEA statistics, would difference will it make if government keeps spending?
Meanwhile, the federal government's debt rose at an annual rate of 21% in the quarter. That's down from the 28% rate in the previous quarter, but was the fifth consecutive increase of more than 20%.
State and local government debt rose at an annual rate of 5.1% in the third quarter.
here are some sobering facts (kirk lindstrom):
As I type, the total nation debt is over 12 TRILLION, 104 Million!
$12,104,298,636,666
It advanced over 30 MILLION as I wrote that down.
National
Debt per citizen = $39,283
Debt per taxpayer = $111,224
Interest per citizen = $5,859
US Population = 308,129,449
Number of US Taxpayers = 108,834,743
Number of Officially Unemployed = 15,403,989
Number of US Workforce 138,584,486
Number of Federal Employees = 4,238,946
Number of US retirees = 37,500,533
Notes of interest:
Not all workers pay taxes since they fall below the threshold.
If you define "supporting" as you give more to government than you get from the government, then this calculation is staggering:
108.8 million taxpayers are supporting 57.1 million people!
4.2M federal workers
15.4 M unemployed and
37.5M retired people!
the only way to get out from under that kind of debt is to inflate, and inflation itself is a tax on americans -which would reduce the standard of living that is presently available for ALL americans.
Last edited by floridasandy; 12-12-2009 at 05:58 AM..
Must be Obama's fault. Oh wait. I forgot. He doesn't get credit. That goes to Bush.
Oooh look, you're back for more abuse. No one has blamed, or credited either president, but while you're at it, its neither presidents fault, its a WORLD WIDE recession.
p.s. its, "Oh wait (comma)", not a period.. Since Mr. Grammar police is here, I figured I may as while make sure you have things correct. I wouldnt want you to come back needing to correct your own posting. That would look rather silly.
Yes, you are much better off following the trends, than forcasts. Look at the unemployment trend. Looking good. And you can read news for current facts, like this one we are talking about (increase in consumer spending), or the fact that household net worth went up by 5% U.S. household net worth grows $2.7 trillion - Dec. 10, 2009
From your link The $2.7 trillion rebound in net worth, which is the difference between a household's assets and liabilities, comes as stock prices have rallied this year, boosting the value of Americans' investment portfolios.
Net worth was also supported by improvements in the housing market. Real estate values increased by 2% to $16.5 trillion in the third quarter after rising in the second quarter for the first time since late 2006.
Which means its an artificial increase in net worth. No different than the previous .com and housing bubble we seen..
Yup, quite a mess "Junior" left for Obama, that's for sure.
Good thing the number of monthly layoffs - which was 741,000 in the month GW walked out the door - has gone down every single month (except 1) since that time - and has now declined to 11,000 last month. From nearly THREE QUARTERS OF A MILLION down to 11,000 - and within a couple of months (maybe even less ) that's going to start reflecting monthly GAINS in jobs.
How's your math Sunny?
Not too good I suspect - so, I'll do it FOR YOU: That's a 97.6% REDUCTION in monthly layoffs from what "Junior" left him with.
the only way to get out from under that kind of debt is to inflate, and inflation itself is a tax on americans -which would reduce the standard of living that is presently available for ALL americans.
No, that is not the only way, but feel free to start a new thread about national debt.
No, that is not the only way, but feel free to start a new thread about national debt.
you may object to my post, but it is clear that even christmas retail sale jumps aren't going to make a bit of difference to our overall economic health if the government doesn't stop spending, especially with congress trying to raise the debt ceiling to get them through to the next election!
by the way, personal savings are down as posted on the BEA site but i guess that is also for another thread.....
i would like to know any other way to reduce national debt if the government refuses to stop spending.
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) that's going to start reflecting monthly GAINS in jobs.
