Fed expected to make an announcment at 2 PM ET (stats, cost, party)

[2e1m5a]

Originally Posted by WaldoKitty

And you believe it? Why don't you go and look at how it's calculated these days. It's like the unemployment reporting. Totally bogus.

Exactly. The way these numbers are calculated has always been manipulated, especially UE and inflation.

Sad to see some posters accept lies and distortion without second thought.

[workingclasshero]

Originally Posted by MTAtech

Wars were off-bugdet during Bush. That's not true any longer.

oh really


funny you show the fy14 deficit as being under 500 billion.....

LOOK AT THE NUMBERS
10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
1,641,103,866,572............................1.6 trillion deficit fy10

10/01/2010.................................13,610,847,58 5,810.09
09/30/2011.................................14,790,340,32 8,557.15
1,179,492,742,747...........................1.17tr illion deficit fy11

09/30/2011................................ 14,790,340,328,557.15
09/28/2012................................ 16,066,241,407,385.89
1,275,901,078,828..........................1.27 trillion deficit fy12

10/01/2012.................................16,159,487,01 3,300.35
09/30/2013.................................16,738,183,52 6,697.32
578,696,513,397..............................578 billion deficit fy13......the only year under one trillion

10/01/2013................................. 16,747,478,675,335.18
09/30/2014................................. 17,824,071,380,733.82
1,076,592,705,398..............................1.0 7 trillion deficit fy14 which just ended back on sept 30

1.6 trillion DEFICIT
1.17 trillion DEFICIT
1.27 trillion DEFICIT
578 Billion DEFICIT (the only year under a trillion since fy09)
1.07 Trillion DEFICIT (this last fy that ended back in sept 30 )



now I will give you that this year(fy15) is currently way down...looking like only 400 billion

[MTAtech]

Originally Posted by 2e1m5a

Exactly. The way these numbers are calculated has always been manipulated, especially UE and inflation.

Sad to see some posters accept lies and distortion without second thought.

ah yes, the tinfoil hat conspiracy theories. The fact that different methods of calculating inflation yield the same result I guess doesn't shake your theory that the government career civil servants, who have their jobs regardless of party in power, are "cooking the books."

See MIT's Billion Price Index: US Daily Index » The Billion Prices Project @ MIT

What really is sad, is that people like you decide what they want to believe and then build a rationale around it.

[legalsea]

I just saw where the Federal Reserve did nothing, but keep things the same. Free money!

[MTAtech]

Originally Posted by workingclasshero

oh really


funny you show the fy14 deficit as being under 500 billion.....

LOOK AT THE NUMBERS
10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
1,641,103,866,572............................1.6 trillion deficit fy10

10/01/2010.................................13,610,847,58 5,810.09
09/30/2011.................................14,790,340,32 8,557.15
1,179,492,742,747...........................1.17tr illion deficit fy11

09/30/2011................................ 14,790,340,328,557.15
09/28/2012................................ 16,066,241,407,385.89
1,275,901,078,828..........................1.27 trillion deficit fy12

10/01/2012.................................16,159,487,01 3,300.35
09/30/2013.................................16,738,183,52 6,697.32
578,696,513,397..............................578 billion deficit fy13......the only year under one trillion

10/01/2013................................. 16,747,478,675,335.18
09/30/2014................................. 17,824,071,380,733.82
1,076,592,705,398..............................1.0 7 trillion deficit fy14 which just ended back on sept 30

1.6 trillion DEFICIT
1.17 trillion DEFICIT
1.27 trillion DEFICIT
578 Billion DEFICIT (the only year under a trillion since fy09)
1.07 Trillion DEFICIT (this last fy that ended back in sept 30 )



now I will give you that this year(fy15) is currently way down...looking like only 400 billion

Let's not pretend we are having a serious conversation, because you are not. The deficit is not calculated as the total debt in year Y minus the total debt in year Y-1, because that includes money the government borrows from itself and is booked as a liability on one side and an asset on the other side of the balance sheet.

The deficit is defined as revenue minus expenditures.

[pghquest]

Originally Posted by knowledgeiskey

It's the global economy.

But the left will tell us that we dont need to compete on a global economy in regards to debt..

yeah, they never know anything..

[pghquest]

Originally Posted by MTAtech

Let's not pretend we are having a serious conversation, because you are not. The deficit is not calculated as the total debt in year Y minus the total debt in year Y-1, because that includes money the government borrows from itself and is booked as a liability on one side and an asset on the other side of the balance sheet.

The deficit is defined as revenue minus expenditures.

So you agree that
1) Clinton did NOT run a surplus
2) And the numbers are cooked, because the "liabilities" for things like Social Security IOU's arent even counted..

[Ed from California]

Is anyone surprised? The economy is in the chitter in spite of what the o'baggers and statists want you to believe. Inflation is rampant, wages are stagnant, and more people are not working than ever. The 5.1 number is A GREAT BIG LIE, o'baggers.

[2e1m5a]

Originally Posted by MTAtech

ah yes, the tinfoil hat conspiracy theories. The fact that different methods of calculating inflation yield the same result I guess doesn't shake your theory that the government career civil servants, who have their jobs regardless of party in power, are "cooking the books."

See MIT's Billion Price Index: US Daily Index » The Billion Prices Project @ MIT

What really is sad, is that people like you decide what they want to believe and then build a rationale around it.

LOL-Oh no, criticizing the Government or Federal Reserve about anything? Arrest me! So the way unemployment has been calculated hasn't changed over time? Inflation? You are wrong.

Btw, the tin foil joke is so overplayed it is now incorrect. It doesn't even exist anymore-it is aluminum foil.

I know it's hard to come up with an original joke on your own but if you are going to regurgitate the same joke over and over at least get it right.

[whogo]

Originally Posted by legalsea

I just saw where the Federal Reserve did nothing, but keep things the same. Free money!

Good, I expect my 401K to benefit.