Economy at prerecession levels
- Thread starter Jabberwocky
- Start date
- Mar 19, 2006
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Hedgetard,
When is the market going to tank? Will this happen before or after Obama takes everybody's gun?
47 million on food stamps
47 million on food stamps
but the economy is doing well, something is missing here :shrug:
http://www.weeklystandard.com/blogs/46609072-people-food-stamps-2012_706745.html
47 million on food stamps
but the economy is doing well, something is missing here :shrug:
http://www.weeklystandard.com/blogs/46609072-people-food-stamps-2012_706745.html
Gas Prices Hit All-Time Record High For Early Feb.
Monday February 4, 2013 9:43 PM - 3 Comments
Consumers have been spending more on gasoline than they have in nearly three decades.
With pump prices at their highest level on record for this time of year, the stage is set for an even greater climb in gasoline prices and expenditures than in 2012. Retail gasoline prices have surged 17 cents in a week to top $3.50 a gallon on average, posting the highest prices on record for the beginning of February.
According to AAA, the national average price of regular gasoline is $3.52 a gallon, 4 cents higher than the average price a year ago. The average price was $3.35 a gallon a week ago and $3.30 a gallon a month ago.
Meanwhile, the U.S. Energy Information Administration reported Monday that gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just under 4 percent of income before taxes. This was the highest estimated percentage of household income spent on gasoline in nearly three decades, with the exception of 2008, when the average household spent a similar amount. Gasoline prices averaged $3.63 a gallon in 2012, according to EIA.
Although overall gasoline consumption has decreased in recent years, a rise in average gasoline prices has led to higher overall household gasoline expenditures, according to the EIA.
The spring rally in gasoline prices typically starts in late February or early March, so this year?s gains have come earlier than is usually the norm.
Analysts said the uncharacteristically early price rise is due to several factors: some refineries closing permanently or shutting down for maintenance, climbing crude oil prices, and a shortage of supply in California, requiring fuel to be diverted from other areas of the country to make up for reduced inventories.
In California, which often has the highest-priced gasoline in the continental U.S., mid and premium priced grades are already over $4 a gallon. Meanwhile, the state-wide average price of regular gasoline has jumped over 30 cents, or 10 percent, from a month ago to $3.91 a gallon on Monday, according to AAA. California gas prices are up 24 cents - or 6 percent higher - than they were a year ago.
Diesel fuel is also near the $4 a gallon mark, with the national average price of diesel at $3.98 a gallon on Monday, according to AAA. Diesel prices are about 10 cents higher than a year ago.
Meanwhile, consumers who use heating oil in their homes have seen sharp increases in those fuel prices and are also paying more than they did a year ago. According to the New York State Energy Research & Development Authority, the statewide average price of residential heating oil was $4.14 a gallon for the week ending January 28, up about 3 percent from a year ago.
Source: CNBC
{Matzav.com Newscenter}
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3 Responses to ?Gas Prices Hit All-Time Record High For Early Feb.?
1. Comment from old-memory
Time February 4, 2013 at 9:55 PM
So, where are all the liberals criticizing the president the way used to citicize Bush about gas prices?
What?s more is, now the prices are a lot higher than in 06, 07 and 08!
higher taxes, higher gas prices, keep printing money we dont have, market tanks by end of the year, short everything
Ryan says House GOP budget will include Obamacare repeal
Posted by
CNN's Gregory Wallace
(CNN) ? House Budget Committee Chairman Paul Ryan says the budget he will unveil this week counts on a repeal of President Barack Obama's signature health reform law, a position which is unacceptable to many Democrats and unlikely to become law. :142smilie
Asked on "Fox News Sunday" about the political reality that a repeal of Obamacare is unlikely, Ryan responded, "Well, we believe it should, that's the point. That's what budgeting is all about. ? It's about making tough choices to fix our country's problems. We believe that Obamacare is a program that will not work."
The Wisconsin Republican has taken aim at the program in previous budget proposals and on the 2012 campaign trail as the GOP vice presidential nominee.
While he supports the overturn of that program, Ryan factored another of the president's policy successes into his budget: the tax increases Democrats included in the fiscal cliff deal back in January. At the time, Republicans argued against the increases, saying they would hurt employment, small businesses and the broader economy.
"The new baseline reflects the fiscal cliff, which is higher revenues, and lower spending, making it easier to balance," he said. "We don't want to refight the fiscal cliff. That's current law. That's not going to change."
The added revenue means Ryan's budget would eliminate the federal deficit in 10 years. Previous House GOP budgets have projected that it would take 25 years to balance the budget.
Ryan said his budget will increase federal spending on average 3.4% each year over the 10-year period, but that is $5 trillion less than the current 4.9% rate of federal government growth over the period, he said.
His plan would include the forced spending cuts known as the sequester, which became law under the 2011 Budget Control Act, but only for the next two years. Those cuts were implemented at the beginning of this month and amount to $85 billion this year and a total of $1.2 trillion over the decade. Ryan proposed eliminating those cuts to defense programs in his budget last year. Republicans have supported overriding the sequester's broad cuts to defense and giving the Obama administration discretion to choose how to save the sum of money.
Ryan gave reporters a preview of his budget on Wednesday and is expected to release it this week.
At the same time, he backed off a proposal to make changes to Medicare for people under the age of 57. He and other Republicans have repeatedly said their proposals would not change the program for people over the age of 55, and setting the bar at 57 could open him to political criticism. GOP aides said an analysis of the two-year difference showed it would not save the federal government a significant amount of money.
"This guarantees that Medicare does not change for people in or near retirement, and it also guarantees for those of us who are under the age of 55 that we actually have a Medicare program when we
.......................................................................
much like hedge , ronnie, and RAYMOND think
there is always a chance we can repeal Obamacare
maybe just maybe
what a dork Ryan is..... he looks smug with that shit eating grin he has
Posted by
CNN's Gregory Wallace
(CNN) ? House Budget Committee Chairman Paul Ryan says the budget he will unveil this week counts on a repeal of President Barack Obama's signature health reform law, a position which is unacceptable to many Democrats and unlikely to become law. :142smilie
Asked on "Fox News Sunday" about the political reality that a repeal of Obamacare is unlikely, Ryan responded, "Well, we believe it should, that's the point. That's what budgeting is all about. ? It's about making tough choices to fix our country's problems. We believe that Obamacare is a program that will not work."
The Wisconsin Republican has taken aim at the program in previous budget proposals and on the 2012 campaign trail as the GOP vice presidential nominee.
While he supports the overturn of that program, Ryan factored another of the president's policy successes into his budget: the tax increases Democrats included in the fiscal cliff deal back in January. At the time, Republicans argued against the increases, saying they would hurt employment, small businesses and the broader economy.
"The new baseline reflects the fiscal cliff, which is higher revenues, and lower spending, making it easier to balance," he said. "We don't want to refight the fiscal cliff. That's current law. That's not going to change."
The added revenue means Ryan's budget would eliminate the federal deficit in 10 years. Previous House GOP budgets have projected that it would take 25 years to balance the budget.
Ryan said his budget will increase federal spending on average 3.4% each year over the 10-year period, but that is $5 trillion less than the current 4.9% rate of federal government growth over the period, he said.
His plan would include the forced spending cuts known as the sequester, which became law under the 2011 Budget Control Act, but only for the next two years. Those cuts were implemented at the beginning of this month and amount to $85 billion this year and a total of $1.2 trillion over the decade. Ryan proposed eliminating those cuts to defense programs in his budget last year. Republicans have supported overriding the sequester's broad cuts to defense and giving the Obama administration discretion to choose how to save the sum of money.
Ryan gave reporters a preview of his budget on Wednesday and is expected to release it this week.
At the same time, he backed off a proposal to make changes to Medicare for people under the age of 57. He and other Republicans have repeatedly said their proposals would not change the program for people over the age of 55, and setting the bar at 57 could open him to political criticism. GOP aides said an analysis of the two-year difference showed it would not save the federal government a significant amount of money.
"This guarantees that Medicare does not change for people in or near retirement, and it also guarantees for those of us who are under the age of 55 that we actually have a Medicare program when we
.......................................................................
much like hedge , ronnie, and RAYMOND think
there is always a chance we can repeal Obamacare
maybe just maybe
what a dork Ryan is..... he looks smug with that shit eating grin he has
- Feb 26, 2001
- 13,593
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- 63
I thought you didn't care about gas prices? Sounds like you are running out of money. :mj07: :mj07:
