2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Horgad who wrote (103684)	11/13/2013 4:51:18 PM
From: bart13	Read Replies (1) of 217769

It's flatter mostly due to much slower growth in SNAP (food stamps) or disability (only growing at 1.6% YoY as of most recent data, compared to almost 7% in late 2010), or actual contraction like in unemployment claims and of course in people falling off unemployment rolls due to eligibility loss. Transfer payments were expanding at about 10% annually in late 2010, and are in the 3.5% area now, but that's still ~$110 billion more spent this year than in 2010. On the revenue side since it's very much not just about expenditure issues, the Social Security tax rollback was put back in place this year and that brings in about 2% more revenue from almost everyone's salary & wages, and almost 4% when including the employer share. Also keep in mind that the sequester has only had a minor effect since the cuts are spread over many years, It'll be a lot more noticeable in 2014 than this year, and Obamacare could also be quite costly and way above budget. The biggest issues remain accruals, primarily Medicare and the "no-bid" drug costs, and the continuing failure of Congress to address accruals.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next