Posted on 05/08/2012 10:22:19 AM PDT by Purrcival
FOR the first time in 40 years, the government sector of the American economy has shrunk during the first three years of a presidential administration. Spending by the federal government, adjusted for inflation, has risen at a slow rate under President Obama. But that increase has been more than offset by a fall in spending by state and local governments, which have been squeezed by weak tax receipts.
(Excerpt) Read more at nytimes.com ...
And if you believe that, I have some swampland in Florida to sell you.
I think there’s a related story about a bridge in Brooklyn that is for sale.
Government Getting Smaller in the U.S.
_________________________________________________________
Utter
bullsh*t.
Tends to happen when a country cuts back on funding multiple overseas contingency operations.
Floyd Norris is a liar. Tell a lie often enough...
Denninger, among others, already blew that out of the water
http://market-ticker.org/akcs-www?post=205627
“economy has shrunk” “has risen at a slow rate”
I don’t know what is worse, that they are that stupid or they think Americans are.
What a load of barnacles.
And what did you expect from the radical NYT? The TRUTH ???
Fantasy, or drug induced hallucination by the author.
More outright lies from The Slimes. This is so obvious that my cat doesn’t even believe them.
November 2008 proved that Americans ARE stupid.
Sounds like the feral government’s plan to bankrupt state governments and appropriate their power is right on schedule.
We know we have MORE debt. We know we haven’t had a budget in all the time he has been in office. The statement is absurd.
The private sector GREW FASTER under the RaceMarxist than under Bush?
My boots on the ground experience has been that the private sector is paralyzed waiting to see what crap the Communists are going to pull next.
I guess I’d have to know a LOT more about the metric they are using in their little charts to explain that whopper away.
This has already been debunked.
Even a kindergartner would bust a gut laughing at the claim that the federal government is getting smaller...
To say “having a hard time believing it” is being polite. It is utter BS. Military up or military down, should not be factored in, only civilian gubmint workers. By that standard there is little doubt that it is up. 16,000 new IRS “healthcare workers,” alone.
LOLOL!
State and local governments are cutting back because THEY ARE OUT OF MONEY due to ever-decreasing local tax revenues.
The Democrat Public-Sector Pensions Bomb is really hitting localities hard right now.
More bullsh!t from Obama’s Propaganda Ministry.
BRIDGE FOR SALEFantastic Opportunity - Don't Wait Too Late!
Call 1-800-Hope-N-Change
The federal government after 3 years IS smaller in EVERY way... except for just one: it used to be $3 Trillion and now it’s $5 Trillion. But other than that, it’s smaller!
“More bullsh!t from Obama’s Propaganda Ministry.”
Exactly. Lying sons of b!#ches.
They should be lined up and SHOT.
My state and local government is not shrinking. An expanded federal government does nothing for me either.
LOLLOLOLOLOL!!!!!!
What next? Barracks creates, produces and directs the biggest selling Broadway play....EVUH!!!!????
The Government getting smaller is a d—k shrinking after the
Viagra(stimulus) starts wearing off.
The government is still a d—k and is still reaming us every chance it gets.
Sorry to be graphic...
LOLLOLOLOLOL!!!!!!
What next? Barracks creates, produces and directs the biggest selling Broadway play....EVUH!!!!????
Wow. Tell that to the owners of a shop I know.
Their opening was delayed at least eight months by a local zoning Nazi who had this very strange interpretation of the zoning code - he felt a quarter of their space should be allocated towards bathrooms. And nothing would shake him. When he was finally trumped by someone with some sense, he kept coming back and submarining their approvals, out of pure nastiness. It took them an extra year to open, and they had to pay rent all that time.
Government nazis can be more destructive than the average person has any concept of. You tell people these stories, and they refuse to believe it, especially libs. They think you MUST be wrong, or lying.
Certainly true here in Pennsylvania. Gov. Corbett has been doing yeoman’s work in this regard. You can tell because universities, school districts, advocates for the poor, and all the other usual suspects are screaming bloody murder.
Just this month we hear unemployment is down, April budget “surplus” and now government is getting smaller. Our Main Street Media would make Joseph Goebbels blush.
Sounds like the same type of accounting that has plagued the unemployment numbers for the past 3 years. Reduce the number of people in the sample and it looks like unemployment isn’t so bad. If the same measures were used in 2008 and 2012, the unemployment rate (lets say U-3) would be about 11% now versus the 8.2% the 0bama administration publishes. U-6 is close to 19% with the same measures used.
Lies, damned lies and statistics.
Rep. Joe Wilson was right, “You Lie”.
Is this a tacit admission that inflation has been running much higher than the official 1-2% ?
GDP is typically considered to be Y=C+I+G+NX. Or GDP= Consumer spending + Investment+ Government Spending + Net Exports. G is typically all spending done by governments that is not wealth redistribution. So even if it uses borrowed or printed money food stamps, welfare, and I'm not sure about unemployment insurance. The problem of course is that these programs are not simply the wealth redistribution economist consider them to be; they run deficits and run up the national debt like other government spending. So if we count those back in as government spending this article's claim is hogwash.
I'm not even sure it makes sense the way they are calculating it. The only way G decreases is if enough states and municipalities have cut spending due to budget problems and decreased tax revenue. I'm dubious these cuts would out weight the increases by the federal government. Does anyone know how much California and other near bankrupt states have actually had to cut back their spending?
Well, he may be TECHNICALLY correct. It all depends on how he is defining “federal government spending”.
Just like the unemployment rate is “only” ~8%. Statistics are all about how you “define” certain things and what data you use, etc.
It’s a lie because they lump all gov’t together. They admit even under Obama federal spending as increased, just at a slower rate.
Unbelievable.
The slight of hand flew right by you. They’re not talking about “federal government spending” (the piece admits that went up, just at a slower rate) they’re talking about the total spending of all levels of gov’t taken together being down.
Hmm.. well my original statement still stands because I’m curious as to what they consider “spending”.
I will admit I did not read the entire article because I can infer as to what the overall point will be.
...../and he created 4² million private sector jobs....and and he is faster than a speeding bullet, more powerful than a load of.......
Enforcement has gone a bit down in my local areas, but sheer regulation increase and encroachment means that the government has a de-facto hand in every freaking private budget out there and control over it.
This article is complete horse crap indeed. The government has lost all cautiousness it was intended to exercise. It can overnight decide to take everything over under any pretext already in the books.
I’ve always been impressed by her opposable thumb, which she is showing off there. I prefer those on a girl.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
