Quote:
Originally Posted by Rochard
Once again, I don't think Vendzilla even read what he posted. This report is about the Federal Budget, not jobs.
First real text says....
The federal budget deficit has fallen sharply during the past few years, and it is on a path to decline further this year and next year. The Congressional Budget Office (CBO) estimates that under current law, the deficit will total $514 billion in fiscal year 2014, compared with $1.4 trillion in 2009. At that level, this year?s deficit would equal 3.0 percent of the nation?s economic output, or gross domestic product (GDP)?close to the average percentage of GDP seen during the past 40 years.
This is good, right?
Later on it gives unemployment projections.... (page 6)
2014: 6.7% (spot on really)
2015: 6.3%
2016: 6.0%
2017: 5.8%
2018: 5.5%
So according to this report, There will be a 1% reduction in the average amount of hours worked, but unemployment will continue to fall.
So all is well with the world even though the Republicans will search through a 200 page report and pull out one minor issue.
My lord this gets old.
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Richard, you didn't read the OP
I gave a quote from the new report from page 117, you are going on about something else on the report
And yes the unemployment rate will drop as the work force gets smaller, that's a given and it's not a good thing. Tax base gets smaller, that means more taxes on those that work or a bigger deficit.
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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that