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The Spending Sequester Will Grow the Private Economy -- Don’t Back Off

kenneth416 Wrote: Jan 31, 2013 10:43 AM
roarkstyle, you should go out and buy some ammunition -- bullets are expensive! And, though an individual would not likely purchase an artillery shell or a "shaped-charge" shell for a tank gun, not to mention the "depleted uranium" bullets for the Gatling gun in the nose of the A-10, I am sure that those items are very expensive. So, as we have left Iraq and scaled back severly in Afghanistan, war fighting costs have undoubtedly decreased significantly.
James T.2 Wrote: Jan 31, 2013 10:57 AM
With 32 plus years in the Infantry, I saw a shortage of spare parts, ammunition, and even toilet paper and soap during Democratic administrations. During Carter's time, no budget was passed and the Army could not pay the troops one month and could not discharge draftees who were getting out because they could not pay them or pay travel pay. Nothing new , troops.
Yesterday's report of a 0.1 percent GDP decline for the fourth quarter came as a surprise to most forecasters. But it actually masks considerable strength in the private economy. Namely, housing investment in the fourth quarter jumped 15.3 percent annually, business equipment and software spiked 12.4 percent, and real private final sales rose 2.6 percent. All in, the domestic private sector of the economy increased 3.4 percent annually -- a very respectable gain.
 
And here’s one for the record books: Working ahead of year-end tax hikes, individuals shifted so much money to the fourth quarter at the 35 percent top rate...
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