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Economy Shrinks Due to Military Cuts

byeBarry Wrote: Jan 30, 2013 7:02 PM

No the economy is shrinking because of the hussein, simple as that!

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Drew139 Wrote: Jan 30, 2013 7:21 PM

No its because govt. spending decreased. Its right there in the BLS report. Maybe you should read it instead of playing the victim.

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byeBarry Wrote: Jan 30, 2013 7:29 PM

Who's money is the government spending and who benefits?

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DagNabbit Wrote: Jan 30, 2013 10:29 PM

Tax money, mostly going to private industry. Everyone benefits. Just like every other business. Who do you think builds the weaponry, armor, makes the uniforms, supplies the food, builds the barracks, and sells them ammunition! The Government Supply Company? Where do you think soldiers buy their groceries, pay their rent, and buy their kids new shoes?

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MudontheTires Wrote: Jan 30, 2013 10:57 PM

"Everyone benefits."

How did "everyone benefit" from Solyandra? And how did "everyone benefit"

when GE closed their plant in America and went to China?

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Economy Shrinks Due to Military Cuts

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...

Related Tags: GDP Economic Growth Budget Cuts sequestration