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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 1/16
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CBO REPORT - OM G!
Posted by : Bruce Krasting
Post date: 01/31/2012 - 21:47
The CBO report is a stinker.
Even in a Wor ld of Deleveraging...There Are Still Fortunes to Be Made
Posted by: Phoenix Capital...
Post date: 01/31/2012 - 15:46
While the “across the board” perspective
looks quite bleak, there are going to be
truly outstanding opportunities for wealth
creation available to those entrepreneurs
and businesspeople who...
MF Global Customer Funds Were Not"Vaporized" - Stanley Haar Takes WSJ to
Task
Posted by: EB
Post date: 01/31/2012 - 14:42
Your article gives the appearance of having
been ghost written by Andrew Levander
and/or the JP Morgan legal department.
Home
Latest Congressional Budget Outlook For2012-2022 Released, Says Real Unemployment
Rate Is 10%
Submitted by Tyler Durden on 01/31/2012 10:30 -0500
What do the NAR, Consumer Confidence and CBO forecasts have in
common? If you said, "they are all completely worthless" you are
absolutely correct. Alas, the market needs to "trade" off numbers,
which is why the just released CBO numbers apparently are
important... And the fact that the CBO predicted negative $2.5
trillion in net debt by 2011 back in 2011 is largely ignored.
Anyway, here are some of the highlights.
l 2012 Deficit: $1.1 trillion; 2013 Deficit: $0.6 - yes, we are
cackling like mad too...
l Unemployment to remain above 8% in 2012 and 2013; will be
around 7% by end of 2015; to drop to 5.25% by end of 2022.
¡ This forecast is utterly idiotic and is completely
unattainable unless the US workforce drops to all time
lows and the US economy generates 300,000 jobs a
month for 10 years
l Needless to say, CBO assumes the best of all worlds in this
meaningless forecast
l But here is the kicker: "Had that portion of the decline in
the labor force participation rate since 2007 that is
attributable to neither the aging of the baby boomers
nor the downturn in the business cycle (on the basis of
the experience in previous downturns) not occurred, the
unemployment rate in the fourth quarter of 2011 would
have been about 1¼ percentage points higher than the
actual rate of 8.7 percent" t rans lat ion: CBO just
admi t ted tha t the BLS num bers a re bogus and rea l
u n e m p l o y m e n t i s 1 0 % . Th a n k y o u
BLS Budget Deficit Bureau of Labor Statistics Congressional Budget
Off ice Consumer Confidence fixed Gross Domestic Product Medicare
None Real Unemployment Rate Reality Unemployment
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 2/16
Here is the CBO's alternative forecast which is a little closer to
reality:
Some view on SSN and Medicare:
And some thoughts from the excel goal seek geniuses in DC on the
collapse of the US welfare state:
CBO has developed budget projections under an
“alternative fiscal scenario,” assuming—instead of
current law—that certain tax provisions that have
recently expired or are set to expire (including most of
the provisions in the 2010 tax act but excluding the
Social Security payroll tax reduction) are instead
extended, that the AMT is indexed for inflation after
2011 (starting from the 2011 exemption amount), that
Medicare’ s payment rates for physicians’ services are
held constant, and that the automatic enforcement
procedures of the Budget Control Act do not takeeffect. Under th i s scenar io , def i c i t s f rom 2013
th rou gh 2022 w ou ld average 5 .4 percen t o f GDP,
compared w i th th e 1 .5 percen t i n the base l ine .
l At $1.6 trillion in 2012, federal outlays for Social
Security, Medicare, Medicaid, and other health
care programs will make up more than 70
percent of mandatory spending (or 10.4 percent
of GDP). Spend ing fo r t hose p rograms w i l l r i se
by $1 .5 t r i l l ion f rom 2012 t o 2022 —
account ing fo r near l y a l l o f the g row th in m a n d a t o ry s p e n d i n g o v e r t h a t p e r i o d . By
2022, spending for those programs will represent
more than 80 percent of mandatory spending
and 12.8 percent of GDP.
l CBO estimates that, under current law, outlays
for Social Security will total $770 billion in 2012,
or 5.0 percent of GDP. Over the next decade,
spending for Social Security benefits will climb
steadily (by an average of about 6 percent per
year) as the nation’ s elderly population grows
and as average benefits rise. By 2022, CBO
estimates, Social Security outlays will total $1.3
trillion, or about 5.5 percent of GDP.
l At $856 billion, gross outlays for Medicare,
Medicaid, and other mandatory federal programsrelated to health care accounted for just under
40 percent of mandatory spending (not including
offsetting receipts) in 2011.6 CBO estimates that
outlays for those programs will dip to$847 billion
in 2012, or 5.5 percent of GDP, reflecting a
decline in Medicaid spending. In CBO’ s baseline
projections, spending for health programs more
than doubles between 2012 and 2022, rising by
an average of nearly 8 percent per year and
reaching $1.8 trillion in 2022. That spending is
expected to represent 7.3 percent of GDP in
2022, an increase of nearly 2 percentage points
from its share this year.
Because of the aging of the population and rising costs
for health care, the set of budget policies that were in
effect in the past cannot be maintained in the future.
In CBO’ s projections for 2022 under the alternative
fiscal scenario, gross outlays for all federal programs
apart from Social Security, the major health care
programs, and net interest are projected to be 7.8
percent of GDP, lower than in any year during the past
40 years and well below the 11.4 percent of GDP that
such outlays have averaged over that period. Yet t h e
budget de f i c i t i n 2022 und er tha t scenar io i s p ro jec ted t o be 6 .1 per cen t o f GDP. There fo re , to
keep de f i c i t s and deb t f rom causing subs tan t ia l
harm t o the econom y, po l icymakers w i l l need to
a l l ow federa l revenues to inc rease to a much
h igher per cen tage o f GDP than the average over
the pas t 40 y ears , mak e ma jo r changes to Soc ia l
Secur i t y and federa l hea l th care p rogram s, o r
pursue some combina t ion o f the tw o approaches.
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For 2012-2022 Released, Says Real Unemployment
Rate Is 10%
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 3/16
So, if everything that is set to happen, happens, there will be
"substantial harm" to the economy, and the CBO just happily
assumes all these things will be fixed just in time? Brilliant.
But probably the most imporant part is the CBO's discussion
on the labor force participation, and the general
unemployment rate:
Don't waste time reading this: none of what is predicted will
actually happen. But at 165 pages it makes a good paperweight.
Average:
Your rating: None Average: 4.3 (9 votes)
Everybodys All ...
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Ryan Plan –“Kick it down the road” CBO REPORT - OMG!
CBO Cuts Forecast Of Cumulative 2012-2021 Deficit By 50%,
Admits It Is Probably Dead Wrong
CBO's Revised Budget Sees 2011 Deficit Rising By $500 Billion To
$1.5 Trillion; $4 Trillion In Deficit Through 2013 Guarantees QE3+
Guest Post: By 2020 Interest Payments Will Be Greater Than
The Budget Deficit
Similar Articles You Might Enjoy:
Tue, 01/31/2012 - 10:33 | 2112749
Thanks for wasting my time and money.
Tue, 01/31/2012 - 10:36 | 2112759
"Tomorrow, tomorrow, I luv ya, tomorrow, your only
a day away!"
http://www.youtube.com/watch?v=Yop62wQH498
Participation in the Labor Force. The unemployment
rate would be even higher than it is now had
participation in the labor force not declined as much as
it has over the past few years. The rate of
participation in the labor force fell from 66 percent in
2007 to an average of 64 percent in the second half of
2011, an unusually large decline over so short a time.
About a t h i rd o f t ha t dec l ine re f lects fac to rs o ther
than th e down tur n , such as the ag ing o f the baby-
b o o m g e n e ra t i o n . But even with those factors
removed, the estimated decline in that rate during the
past four years is larger than has been typical of past
downturns, even after accounting for the greater
severity of this downturn. H a d t h a t p o r t i o n o f t h e
dec line in t he labor fo rce par t i c ipa t ion ra te s ince
2 0 0 7 t h a t i s a t t r i b u t a b le t o n e i t h e r t h e a g i n g o f t h e
b a b y b o o m e rs n o r t h e d o w n t u rn i n t h e b u s in e ss
cyc le (on the bas is o f the exper ience in p rev ious
d o w n t u rn s ) n o t o c c u r re d, t h e u n e m p l o y m e n t r a t e
in the four th quar t e r o f 2011 w ou ld have been
about 1¼ percentage points higher than the actual
ra te o f 8 .7 percen t . By CBO’ s estimates, the rate of
labor force participation will fall to slightly above 63
percent by 2017. The dampening effects of the
increase in tax rates in 2013 scheduled under current
law and additional retirements by baby boomers are
projected to more than offset the strengthening
effects of growing demand for labor as the economy
recovers further.
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 4/16
MillionDollarBonus_
Mr Lennon
Hendrix
MillionDollarBonus_
Mr
Lennon Hendrix
trav7777
Roger O. Thornhill
Tue, 01/31/2012 - 10:46 | 2112798
I trust that informed US citizens are analysing this
data and making their own judgements right now,
so that they can make informed and intelligent voting
decisions in the coming elections. It is up to ALL
Americans to make sure they monitor government
spending and evaluate the statistical effectiveness of
each spending program (discounted by opportunity
cost) so that we can make objective voting decisions.
This is how democracy should work.
Tue, 01/31/2012 - 10:47 | 2112810
Yes. When the PTB need fiscal spending
up, they use data points to justify it (10%
unemployment). When they are politicking
and campaigning, they use data points to justify it
(8%). I will likely vote for no one, maybe I will write
in Ron Paul. At least that way DIEBOLD won't rape
my vote.
Tue, 01/31/2012 - 10:53 | 2112831
Government decisions are trustworthy
because they are monitored by a well
informed public. The public are informed
enough to monitor and evaluate all government
decisions, however they are they are simply not
informed enough to make the decisions
themselves. It’ s just common sense.
Tue, 01/31/2012 - 11:01 | 2112877
Robot. MillionDollarBonus is a
robot. Terminate. Terminate....
Tue, 01/31/2012 - 11:28 | 2112987
The CBO is just doing a
projection assuming that this
downturn is cyclical and there is
another economic BOOM coming like has
happened in the past 30 or 40 years.
Tue, 01/31/2012 - 12:12 | 2113192
The madness continues. This
cycle we are in is the one on
the washer that says "full
spin." The one at the end of the mini
cycles that is finally necessary to spin
the debt out of the system. We'll all
be extremely dizzy at the end of that
ride.
Also, what is astonishing is that The
Romney and Newt puppets are being
floated as an alternative to Obama.
Sadly the media maintains this joke
and the dumber percentage of the
voters continues to fall for the
nonsense. They don't realize they are
being played for fools yet again. Soon
to be poor fools.
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 5/16
8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 6/16
LawsofPhysics
MillionDollarBonus_
economics1996
blindfaith
economics1996
(or she) has elevated sarcasm to
high art, with the (usually) perfect
tone to mimic the legion of sycophant
politicians; asshat blowhard economic
media talking (and writing) heads; and
ivory-towered academic hacks that write
grade and high school Civics textbooks.
ZH *needs* MDB to remind us of why ZH
is an important part of our real news day.
I personally think MDB is a Tyler, he's too
fucking good not to be.
NFP
Tue, 01/31/2012 - 11:07 | 2112891
You know what else is common
sense? Rewarding savers and ending
capital mis-allocation and mal-
investment by allowing deflation and
companies to fail. Let the market pick the
winners and loser, n o t t h e g o v e rn m e n t .
Tue, 01/31/2012 - 11:11 | 2112915
Mis-allocation is a subjective
term. You are simply assuming that
all preferences are equally valuable
in the market place. However I would
argue that Nobel Prize winning economists
have more valuable preferences
than redneck Nascar fans. Yes, you heard
me - I want resources to be allocated by
PROFESSIONALS ONLY.
Tue, 01/31/2012 - 11:30 | 2112999
The real unemployment rate,
compared to the 1990s, is
11.2% by my calculations and
11.4% by Tyler's calculations.
http://usa-
wethepeople.com/2012/01/real-%E2%
80%9Cjuly-1999%E2%80%9D-
unemployment-rate-11-2/
Tue, 01/31/2012 - 12:26 | 2113244
your not counting the 900 and
something dead folks who voted in
the South Carolina Primary in the
caculation are you?
Tyler...where is the scarcasm
button?
Tue, 01/31/2012 - 11:33 | 2113009
MDB, Central planning always
fails. It can never suceed
because markets are way more
complex than any one person or
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 7/16
DaveyJones
ParkAveFlasher
JW n FL
Elwood
P Suggins
JOYFUL
StychoKiller
government.
Tue, 01/31/2012 - 11:56 | 2113132
shouldn't ten percent of
congress go upaid to gain
insight on the problem?
Tue, 01/31/2012 - 11:06 | 2112893
LOL thanks for that.
Tue, 01/31/2012 - 11:54 | 2113121
You are brilliant! and that is why so few get
you.
Please Never Stop and Thank You!
God Bless You and Yours!
signed, Christian Constitutionalist
Tue, 01/31/2012 - 12:13 | 2113195
CBO - Congressional Bullshit Office
Tue, 01/31/2012 - 13:11 | 2113404
I believe you are struggling with this
one M$B. As I sense you are on theedge of an epiphany, let me help you
out with the wording on this one....staying,
of course, as close as possible to your
original intent!
Government monitors the public because
they are simply not trustworthy, and
evaluates their decisions by being well
informed of this monitored public's sense of
just how badly it's decisions are perceived to
be denuding them of their basic dignities and
financial integrity, so as to keep the pace of
their expropriation of the common man's
wealth below the level that would provoke a
sensible reaction on the part of it's victims.
Hey, don't mention it...It's just what any
libertarian would do for another bud!
Tue, 01/31/2012 - 21:54 | 2115320
My judgement right now: Most American
Ignorati are too busy trying to keep putting
food on the table to monitor the insane spending of
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Government decisions are
trustworthy because they are
monitored by a well informed
public. The publ ic are inform ed e n o u g h t o m o n i t o r a n d
e v a l u at e a l l g o v e rn m e n t
dec isions , how ever they a r e
t h e y a re s i m p l y n o t i n f o rm e d
enough to m ake the dec isions
t h e m s e l v e s. I t ’ s j u s t c om m o n
sense .
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 8/16
TruthInSunshine
blindfaith
Let The
Wurlitz...
Silver Bug
LiquidityandLunacy
Don Birnam
the Govt. Cranial-Rectal inversion has numerous
cures, I suggest you investigate them!
Tue, 01/31/2012 - 11:34 | 2112821
I will call CBO's "real" unemployment rate of
10% and raise it to 15%.
That's pure unemployment (no underemployment in that
SWAG).
Throw in underemployment, with this groups ranks
swelled tremendously by those formerly working for a
company, but now considered "self-employed,"which
would include people who want to work full time, butwho are now only working 15 or 20ish hours a week, and
I'd be surprised if U6 was NOT an honest 21%.
I'm not using any other methodology except for what
I've read, seen and heard, melted into an amalgam, and
then adding a 50% government 'confidence fairy' bullshit
factor.
John Williams has better estimates (and higher estimates
for the unemployment/underemployment rate) based on
the use of a better sampling methodology based on the
use of actual facts and arithmetic than mine.
#Green shoots. Summers/Winters of Recovery. Turning the corner. Saveand/or creating trillions of jobs. Winning the future.
Tue, 01/31/2012 - 12:38 | 2113279
You keep this scary stuff up and the kids are going
to start wineing.
The only way THIS administration is going to get to
these hopium unemployment numbers is if all the
Irish, Itatilian, German, English, Spanish, Asian,
French and Swedish immigrants that came here overthe last 100 years all self -deport ( the new word for
our consideration thanks to Kris Kobach the author
of anti immigration legislation).
Tue, 01/31/2012 - 13:28 | 2113465
ETF
Ypu forgot "New Normal"
Tue, 01/31/2012 - 12:34 | 2113271
I think we can all agree. The unemployment
rate is most certainly not what the government
is telling us. We can see that with our own eyes!
http://silverliberationarmy.blogspot.com/
Tue, 01/31/2012 - 10:54 | 2112838
They're not useless....if youre constantly long the
market.
Tue, 01/31/2012 - 10:58 | 2112861
Rest assured that the "real" unemployment rate is
much higher than 10%. The calculus employed today
is statistical jabberwocky: the true rate lies upwards
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 9/16
economics1996
JW n FL
Raging
Debate
quintago
tarsubil
of 15%.
Tue, 01/31/2012 - 11:34 | 2113014
About 11.3%.
Tue, 01/31/2012 - 11:59 | 2113143
http://www.shadowstats.com/
show them this when they are looking for numbers..
source and site your facts.. give them no where to
go but to the truth.. dont make it about your ego
make it about educating them.. so that we have
more people on our side when the time comes.
Tue, 01/31/2012 - 12:33 | 2113235
Well said JW in FL. The adversity for
many Americans will come through one's
own family. Careful not to get too
'aggggg--iiah- -taaaaded' eh eh. The word I am
mocking is 'agitated'.
If your stuffed into one of those places to force
you to become 'un-aggggg-iah-taaaaaded'
because your family is worried about you (your
probably the provider of the family and losing
your income is a thought too much for them to
bear) then I have advice in advance. I went first
into hades for you, I am a bit macabre like that
in experiments. I am talking about medical
facility. New wings of agitated people they can
bill you for being agitated.
1) Be a gent to the ladies having to play a male
role for too long. They will bend over backwards
for you and such need guidance and are really
lost in the maze of why or why not.
2) Such places are a treasure trove of people
needing real guidance and love. Participate in
every group and speak right up to lead them as
the Spirit leads.
3) Get over it fast when your done, it was a $7k
scam played on me. If this is the worst we see in
America then it is recoverable. The facts are the
facts and we can still go and demand them from
ideaological countrymen now lost in the maze.
As an aside the research gave me insights for
Pharmaceutical sector consulting I wouldn't have
had otherwise. So the cost of the experiment is
recoverable and what I will do with the Pharma's
should reduce over-prescribing. Perhaps win-win-
win. Stop being so chicken shit and squeamish
about a couple weeks out of your life to help
your countrymen.
Tue, 01/31/2012 - 12:50 | 2113335
You got some link love from Drudge ... you on the
map now son...
Tue, 01/31/2012 - 14:00 | 2113571
Holy crinkey. I was so confused when I clicked
on that and was sent here. This is real bad for
those that are behind like me. Time to get that
0% cc and buy all the Au and Ag I can. Hey, drudge
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 10/16
SheepDog-One
Dreadker
Ruffcut
taniquetil
tabasco71
LFMayor
Goldilocks
Dreadker
people, don't worry. Everything is bone! Buy AAPL and
FCBK! Forget coins so silly.
Tue, 01/31/2012 - 10:33 | 2112752
Sure mom and dad Im gettin straight "F's" right now
and Im expelled from school, but next report card I'll
surely be on the Honor Roll! Now hand me more allowance!
Signed, The Clowngress.
Tue, 01/31/2012 - 10:35 | 2112760This is AMERICA! EVERY KID IS ON THE HONOR
ROLL REGARDLESS OF GRADES! lol
Tue, 01/31/2012 - 10:57 | 2112853
Next everyone will get trophies, too.
I knew a guy who wrote reports like this and he
said he didn't know where half of the information really
came from.
Instead of tea bags sent to congress, we should send a
roll of toilet paper and tell them to wipe their mouth
after talking.
Tue, 01/31/2012 - 10:59 | 2112866
True Story:
At my old high school, the administration actually did
away with the honor roll because parents of kids who
weren't on the honor roll complained that it was elitist,
discriminatory and excluded kids who weren't as
academically inclined.
Tue, 01/31/2012 - 11:13 | 2112923
That story sucks and I hate what it
represents.
You know, in my day and even now, if someone told
me I was crap, it made me try harder.
Tue, 01/31/2012 - 11:32 | 2113004
yes, but you bear the scars of that
trauma, you poort thing. We have
counselors standing by that can help
you. Visa, MC or PPO/HMO accepted.
Tue, 01/31/2012 - 17:09 | 2114438
From movie, The Incredibles (2004)
www.eslnotes.com/movies/pdf/the-
incredibles.pdf
http://www.imdb.com/title/tt0317705/quotes
Helen: I can't believe you don't want to go to your own
son's graduation.
Bob: It's not a graduation. He is moving from the 4th
grade to the 5th grade.
Helen: It's a ceremony!
Bob: It's psychotic! They keep creating new ways to
celebrate mediocrity, but if someone is genuinely
exceptional...
Tue, 01/31/2012 - 10:34 | 2112755
Ahhhhh.... Infinite growth all layed out with numbers
and stuff... Shame most people still don't understand
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 11/16
YesWeKahn
lizzy36
swissaustrian
GeneMarchbanks
urbanelf
Vincent Vega
kito
connda
James-Morrison
connda
Rainman
exponential growth that has and is going on...
Tue, 01/31/2012 - 10:34 | 2112756
This is how Ben Bernanke forcasts the inflation.
Tue, 01/31/2012 - 10:35 | 2112761
Baseline scenerio otherwise known as "mark to unicorn
and rainbow scenerio".
Looking to call a book in the FY2013 scenerio. Whereby the full
year deficit is ONLY $585B (assumes bush tax cuts expire).
Over/Under for $1m. I will take the over.....looking for a
speculator (cough dumb(est)money) to take the under. Anyone.
Anyone at all?
Tue, 01/31/2012 - 10:36 | 2112762
Tuesday morning humor...
Tue, 01/31/2012 - 10:36 | 2112763
That... was kinda expected, no?
Tue, 01/31/2012 - 10:36 | 2112765
I really think the Harry Potter series has gone off the
deep end.
Tue, 01/31/2012 - 10:37 | 2112769Projections, exclusions, and assumptions...wish I could
run my finances that way.
Tue, 01/31/2012 - 10:37 | 2112770
most people use binoculars or a telescope to see far
ahead, the cbo uses a kaleidoscope..................
Tue, 01/31/2012 - 10:43 | 2112785
I think they use a Bohemian Grove brand Ouija
Board.
Tue, 01/31/2012 - 15:20 | 2113898
+1
(An empty cardboard, toilette-paper roll with a kool-
aid package taped on the end is more like it. This is the age
of U.S. austerity, doncha know.)
Tue, 01/31/2012 - 10:39 | 2112778
Sunshine, Roses. and Puppy-dog Smiles! And they all
lived happily ever after....
Tue, 01/31/2012 - 10:43 | 2112787
All data released by .gov will be sprinkled with fairy
dust for ( re ) Election '12
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 12/16
Bam_Man
tarsubil
blindfaith
Offtheradar
lolmao500
SheepDog-One
kridkrid
Mr Lennon Hendrix
Tue, 01/31/2012 - 10:43 | 2112791
Producing doorstops like this keeps these useless, over-
paid bureaucrats busy.
Your Government in action.
Tue, 01/31/2012 - 10:54 | 2112793
This is so stupid that it is insulting.
Their baseline says that revenue will increase by 55%
between 2011 and 2015 while spending will increase by 6.5%. Ican only imagine the 100s of millions of dollars spent on this
report to get these predictions.
Tue, 01/31/2012 - 12:51 | 2113337
Thank you for your application, but we are only hiring
believers at the moment. Please feel free to re-apply at a
later date.
Tue, 01/31/2012 - 10:44 | 2112794
Since its all B.S. anyway, why not just forecast
budget surpluses in the trillions starting 2013. If your
going to lie, make it a doozy.
Tue, 01/31/2012 - 10:46 | 2112797
And since they are usually off the mark by at least
50%, trade accordingly.
And 5.5 trillion in revenues in 2022??? Won't happen unless
there's massive hyperinflation.
Unemployment to remain above 8% in 2012 and 2013; will be
around 7% by end of 2015; to drop to 5.25% by end of 2022.
Possible. If they cook the books enough. And you know if
there's one thing they are good at, it's cooking the books.
Tue, 01/31/2012 - 10:45 | 2112800
When your own approval rating is in single digits and
protesters are filling the streets, just proclaim 'Shut up,
you peasants have never had it better!'
Tue, 01/31/2012 - 10:46 | 2112801
Peak debt + Peak oil = Peak Civilization. It's all related.
The squeeze is on for the middle class. Health costs
rising... the amount that your company is willing to pay
falls. Any increase in pay that is connected with cost of living
won't take into account food and energy costs... how crazy is
that? The value of the things you own decreases, the cost of
the things you need increases... wages stagnate (if you can
stay employed). New normal. Every organization, including the
gov't, has been built on an expectation of infinite growth. Oh
well... reality sets in and our institutions will oscillate wildly and
then fail.
http://www.youtube.com/watch?v=gXLJElH_OR4
Tue, 01/31/2012 - 10:50 | 2112818
Sshhh!
You're going to piss of the unicorn sellers!
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 13/16
8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 14/16
kridkrid
Mr Lennon Hendrix
kridkrid
dwdollar
lolmao500
Dr. Engali
junkyardjack
JPM Hater001
lolmao500
Dr. Engali
"supercommittee" but yet our reality is our debt grows 5 trillion
in one year? Was that priced in?? You can't possibly know what
will happen in 5 years or 10 in this new bizzaro expenonetial
debt curve world. A six year old can tell you that.
Tue, 01/31/2012 - 10:58 | 2112862
Maybe not a 6 year old, but a 16 year old can,
when presented the right information. I told this
story here... over Christmas I went "home". One
evening conversation turned towards our debt based
monetary system. 20 adults not grasping what I was
saying... my closest friend's step son... a 16 year-old
thinker, not yet totally corrupted by the system says, "sodebt must grow exponentially, by definition. So we're
basically focked".
Tue, 01/31/2012 - 11:07 | 2112902
Zen mind, beginners mind. An open mind is
worth all the gold in the world.
Tue, 01/31/2012 - 11:18 | 2112944
The thing that to me is remarkable... it's
not even a tough concept to grasp. You
almost have to want to not think. There is
supporting evidence everywhere if you were so
inclined to want to challenge the premise, but people
don't even get that far.
Tue, 01/31/2012 - 10:50 | 2112811
How do I get a job for this CBO clown show? Must be
fun to sit around all day making up numbers and having
Congressmen pat you on the back for a job well done.
Tue, 01/31/2012 - 10:49 | 2112814
They are so full of shit, they think that interest on the
debt will stay at all time lows till at least 2015.
Tue, 01/31/2012 - 10:52 | 2112829
It's easy to keep the interest rates low when you
have a printing press it's the cost of everything else
that comes into question.
Tue, 01/31/2012 - 10:50 | 2112819
Well that's bullish, I thought it was closer to 15%
Tue, 01/31/2012 - 10:50 | 2112820
The can is becoming an immovable object. I pitty the
dumbass that tries to kick it when the Baby Boomers
really begin retiring in mass.
Tue, 01/31/2012 - 10:51 | 2112827
Then the ponzi ends.
Tue, 01/31/2012 - 10:53 | 2112822
I don't see any budget item for our upcoming wars in
Syria and Iran. Must be an oversight or an off balance
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8/3/2019 Latest Congressional Budget Outlook for 2012-2022 Released, Says Real Unemployment Rate is 10
http://slidepdf.com/reader/full/latest-congressional-budget-outlook-for-2012-2022-released-says-real-unemployment 15/16
lolmao500
Offtheradar
SheepDog-One
Bwahaha WAGFDSMB
HD
Mr Lennon Hendrix
JW n FL
JW n FL
sheet expense.
Tue, 01/31/2012 - 10:52 | 2112823
I think we can all agree that the biggest BS numbers in
there are the revenues numbers.
They basically say that revenues will go up by 50% by 2013.
Mwahahahahahhaaha
Tue, 01/31/2012 - 10:51 | 2112825
Idiocracy
Tue, 01/31/2012 - 10:53 | 2112837
Shut UP! 'Batin'!
Tue, 01/31/2012 - 10:52 | 2112832
2012 Deficit: $1.1 trillion; 2013 Deficit: $0.6
CBO predicts Obama will lose the election.
Tue, 01/31/2012 - 10:56 | 2112849
Romney has no job, makes $57,000 a day...and
pays 15% in taxes. Regardless to Obama's record - I
guarantee Mitt has an uphill battle beyond the GOP
base.
Tue, 01/31/2012 - 11:06 | 2112888
It our culture people vote for who the envy;
who they want to be. There are millions of Americans that look at Mittens and think, 'He's
like me! Only richer....but maybe one day I will live like
him if I elect him as my POTUS.' This is how it worked
for Obama. People thought if they elected him, he in
turn would make everyone a cool cat, like him. Same
with movie stars and rock stars. Most people leave the
theatre thinking, 'I like Pitt. He's sorta like me.' Then
they adopt his manuerisms, lingo, etc.
This is why Paul has a following, but also can not
connect to everyone. As much as he makes sense,
some people don't want to think there are problems.
Elect Paul, and we are saying there are problems.
'There are no problems, except that I had to move my
tee time back half an hour!'
'Yuck, yuck!'
Tue, 01/31/2012 - 12:27 | 2113246
NO ONE LIKES THE TRUTH! SO!!
shhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh.
Tue, 01/31/2012 - 12:27 | 2113248
NO ONE LIKES THE TRUTH! SO!!
shhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh.
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