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Rescooped by Ari Johary from AP Government & Politics
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The Obama budget and the appearance of reform

The Obama budget and the appearance of reform | A-jay-jay_GOPO | Scoop.it
— Well, at least we're starting to get the procedure right. Washington has rediscovered the beauty of the boring. It's called "regular order," using the normal, routine, constitutional process to arrive at, for example, a budget.

Via Teresa Herrin
Ari Johary's insight:

With the debt clock running wild, i dont think Obama can afford to add 160 billion more dollars to the budget. Also, the only reduction of the deficit has come from tax hikes, not spending cuts. Which if Obama is taking an expansionary fiscal policy should not be raising taxes at all, not even by .001%. Lastly, whose genius plan was it to print out hundred of these budget booklets, that probably have costed taxs payers thousands of dollars, how about start with spending less on paper and send these booklets electronicaly, everyone that votes on this budget proposal has access to internet. 

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Teresa Herrin's curator insight, April 14, 2013 8:17 PM

From Kristen S.

Haley Haegner's curator insight, April 15, 2013 12:05 AM

Obama promised to reduce spending, that was one of his big points under his slogan CHANGE. However he has yet to reduce spending or even co create a good enough plan to significantly lower the deficit and it has left many people doubting his abilities. His first proposal is chained CPI- which reduces the way inflation is measured.However it's not really cutting anything its just making it more accurate.  He says that he is doing it to make the Republicans happy which is suprising but its not like this first proposal will make much difference. But it is a start. The article states that upping the retirement age and raising medicare and social security would lower the deficit tremendously but Obama most likely will not be on board with this solution. So  maybe tax reform will become a major way to reduce deficit. 

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U.S. Growth Halted as Federal Spending Fell in 4th Quarter

U.S. Growth Halted as Federal Spending Fell in 4th Quarter | A-jay-jay_GOPO | Scoop.it
The government played a role in slowing the economic recovery as cuts in military spending and other factors overwhelmed the Federal Reserve’s expanded campaign to spur growth.
Ari Johary's insight:

Government spending in the military shot the GDP down and caused the lowest GDp since the recession in 2009. Howver with Consumer spending on the rise and less imports expected, the GDP should recover.

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Bo Li_1's curator insight, February 6, 2013 12:50 PM

It seems that this article says the the government has significantly decreased in military spending. As a result, it seems that US economy will also suffer a decrease in GDP.

Andrew Alter's curator insight, February 6, 2013 6:51 PM

The economy may have shrunk, but it shrunk in the most unharmful way for the average American. Government spending substantially decreased,  notably in the military, which allows for future government spending in domestic areas.

Matt Kellogg's curator insight, February 6, 2013 9:57 PM

govenment cut a lot of defense spending. Economy didnt decline much considering how much was cut

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Trends in Party Identification of Religious Groups - Pew Forum on Religion & Public Life -- Jewish Support for the GOP Rises

Trends in Party Identification of Religious Groups - Pew Forum on Religion & Public Life -- Jewish Support for the GOP Rises | A-jay-jay_GOPO | Scoop.it

SCOOPABLE 9/18 --

Since 2008, the share of voters identifying with or leaning toward the GOP has either grown or held steady among major religious groups. Jewish voters have now started leaning more towards the Republican party. This could be due to the increased tensions in the Middle East and the issues concerning Iran.

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'Best-Looking' GDP Drop You'll Ever See

'Best-Looking' GDP Drop You'll Ever See | A-jay-jay_GOPO | Scoop.it
Negative economic growth in the fourth quarter provided a scary headline to start Wednesday's trading but probably little else in market impact.
Ari Johary's insight:

The GDP drop was not so significant, but it caused the Federal Reserve to put more stimulus into the economy until they think it can survive on its own. 

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Zachary Beery's curator insight, February 7, 2013 11:46 AM

This article says that th recent drop in GDP isn't that bad cause it is mostly due to the recent cut in goverenment spending. this is pretty much just the drop before the big leap that hopefully comes soon.

Sarah Nguyen's curator insight, February 14, 2013 4:58 AM

Even though the GDP has dropped at .1 percent, it is reassuring to know that it is largely because of government spending and business inventories. Consumer spending and the private sector in general was able to grow more than the previous quarter, even despite the natural disaster Sandy.

Patrick Demitis Brown's comment, February 21, 2013 12:06 AM
GDP is probably going to be just as low or lower in the second quarter, once we've gotten rid of the payroll tax cuts. Im not sure how our congress isn't doing anything about that, this will increase taxes, defense spending going down, the number of consumers able to spend will go down and GDP will go down more sooo......
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The only chart you need on the GDP report

The only chart you need on the GDP report | A-jay-jay_GOPO | Scoop.it
Last quarter's GDP report has been been called "the best-looking contraction in US GDP you’ll ever see." Here's the exact picture it paints.
Ari Johary's insight:

This is a good sign because consumer spending is very high which contributes greatly to the GDP. Also balancing the budget a little more, which is supposed to be happening soon or Obama is said to withhold pay, should help the GDP rise.

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Christina Breitbeil's curator insight, February 7, 2013 12:55 AM

This graph was very interesting to observe, because it offered insight into the complexities behind the number that is the collective GDP, which in this article is a fall in 0.1%. It was significant, in my opinion, that although the total GDP was a decrease, consumer and investment spending is doing exceptionally well. This just goes to show that the economy may be somewhat more stable than how it appears on the surface.

Zachary Beery's curator insight, February 7, 2013 11:44 AM

This chart shows the percent change in each department of the GDP. Whether it is going up or down. It shows an increase in consumer spending so that is a good sign for the economy.

Sarah Nguyen's curator insight, February 13, 2013 8:09 AM

This article and it's graph of the breakdown of the GDP is very reader friendly and easy to understand. It is very clear and obvious that the components of the GDP that are making the whole suffer the most are business inventory and federal defense spending. While reading, there was one comment by another reader that especially caught my eye. They reasoned that because many people were anticipating a pro-business Romney to win the election in the third quarterr of 2012, they planned ahead with increased inventories and expansion.

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Gallup.Com - Daily News, Polls, Public Opinion on Politics, Economy, Wellbeing, and World

Gallup.Com - Daily News, Polls, Public Opinion on Politics, Economy, Wellbeing, and World | A-jay-jay_GOPO | Scoop.it

Mitt Romney received no poll bounce after his convention, in fact he dropped 1% and Obama gained 1%. However past winning presidents have not gained points after their convention and still managed to win.

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