#1 US economy shows surprise uptick in growth08-01-2013, 06:52 PMThe government implemented a number of changes in how it calculates GDP. For example, research and development spending will now be treated as investment, and defined benefit pension plans will be measured on an accrual basis, rather than as cash.
They actually changed more than just this in how they estimate GNP, I'll try to find it and post it in this thread.The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
08-01-2013, 07:01 PM
The details are here, Apparently the government didn't want to make headlines about changes made because finding any analysis is hard, but we now figure GDP differently than we did last quarter.
http://www.bea.gov/newsreleases/nati...ewsrelease.htmThe difference between pigs and people is that when they tell you you're cured it isn't a good thing.
08-01-2013, 07:15 PM
You know that liberals invented Fuzzy math, right!?
Obummer can make his people feel $3.50 a gallon gas is a deal!
:Do not take life too seriously. You will never get out of it alive.
” I wondered why the rock was getting larger. Then it hit me.
08-01-2013, 07:30 PM
Could obvious crook possibly be more obvious, why no outcry, why no investigation. If some CEO in the private sector tried fancy footwork like this they would be in a federal prison faster than you could say Allahu akbar.
Last edited by Rockntractor; 08-01-2013 at 07:38 PM.
08-01-2013, 07:32 PM
70 Straight Days: Treasury Says Debt Stuck at Exactly $16,699,396,000,000.00
July 29, 2013 - 5:21 PM
By Terence P. Jeffrey
(CNSNews.com) - According to the Daily Treasury Statement for July 26, which the Treasury released this afternoon, the federal debt has been stuck at exactly $16,699,396,000,000.00 for 70 straight days.
That is approximately $25 million below the legal limit of $16,699,421,095,673.60 that Congress has imposed on the debt.
The portion of the federal debt subject to the legal limit set by Congress first hit $16,699,396,000,000.00 at the close of business on May 17. At the close of every business day since then, it has also been $16,699,396,000,000.00, according to the official accounting published by the Treasury Department.
If the debt had increased by even $30 million at any time during those 70 days, it would have exceeded the statutory limit. But, according to the Treasury, the debt did not do that. Instead, it remained precisely $16,699,396,000,000.00.
Even though the government's official accounting of the debt has not budged for 70 days, the Treasury has continued to sell bills, notes and bonds at a value that exceeds the value of the bills, notes and bonds it was redeeming.
- See more at: http://www.cnsnews.com/news/article/....lKshv6RD.dpuf
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