In response to:

Economy Shrinks Due to Military Cuts

Moonbat Exterminator Wrote: Jan 30, 2013 1:13 PM
This announcement underscores the need to drop gubmint spending from the GDP figures. The reason is that gubmint does not spend its own money, Every dime gubmint spends is diverted from the private sector in the form of taxation or borrowing. It's like if I get $100 and split it with my wife, then saying that I spent $100 and she spent $50, together we spent $150.
psydoc Wrote: Jan 30, 2013 1:24 PM
Moonbat, if we dropped grubrmnt spending from the GDP calculations, the public would know how much the economy had really contracted. You are correct, it is all smoke and mirrors. They are counting many of the dollars produced, twice. For example, when the total value of goods and services includes grubrmnt spending, they are counting much of the goods & services created twice. The grubrmnt did not create ANY of those goods and services.
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...