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Economy Shrinks Due to Military Cuts

BEAGLEDAWG Wrote: Jan 30, 2013 5:48 PM
The only thing holding up the economy is the military we are in deep do do. The private sector used to be the mainstay of our economy and now it is the government. God Help Us.
A release from the Bureau of Economic Analysis today surprised analysts when the top-line number showed that the economy shrunk in the last quarter of 2013 by a slight 0.1%. While small, it was unexpected. This marks the first time the American economy has shrunk since the end of the 2008 recession.

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 0.1 percent in the fourth quarter of 2012 (that is, from the third quarter to the...