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Highlights From Obama's Budget Proposal

Highlights From Obama's Budget Proposal | Hannah James GOPO | Scoop.it
Times reporters analyze how the White House’s budget request would affect federal agencies and programs.
Hannah Grace James's insight:

The problem with tying the student loan rates to the rate that the government pays to borrow is that the government is borrowing money like crazy for all different reasons, which is causing the demand to increase and the interest rates to increase.  Student loans are not the only cause for the government's spending which leads to the borrowing. It is unfair to tie student loan rates to the interest rates that the government is driving up.

The Medicare is receiving 16 times the cuts as Medicaid.  The people who have paid the most into the system will be the ones cut out of funds, not those who pay little to none.

The president is proposing huge cuts in defense and military spending.  Other countries are building up aresenals and aren't getting more friendly to the United States.  I am not sure that this is the best thing to have $526.6 billion cut.

Pre-School may in the long run help the economy by improving education, but I am not sure that it will pay off in the end.  The long run benefit of an extra year for 4/5 year olds will repay the money spent

I am not sure how Obama is intending to spend the $143 billion to help manufacturing.  That is a decision that is made by the people.  It costs more to manufacture in America because of the labor standards we have that other countries don't.  Gotta love labor unions that take advantage of the system and people that sue just because they can get some money out of it.

I am very surprised that Obama proposed a cut in the EPA budget because he tends to support environmental care.

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The only chart you need on the GDP report

The only chart you need on the GDP report | Hannah James 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.
Hannah Grace James's insight:

The graph shows the increase in consumer spending and business investment, while showing a decline in defense spending and business inventory have decreased. Trade, state & local spending, and other federal spending have remained relatively constant.  Though many of the articles say that the government should be spending money at this point, this shows a decrease in government spending in total.  Though the GDP has increased, there is still something that needs to be balanced between spending and cutting for the economy to grow.

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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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Republicans Nationwide Are Similar in Composition to 2008

This article is laregly based on statistics of race/gender/religion/political stance within the republican party vs. within the population of the US.  Though there have not been many radical changes since 2008 within the Republican party, there have been some small changes within the population.  Fewer people are calling themselves liberal or moderate, leading to more calling themselves conservative.   As there has been an increase in conservatives in the republican party, this could be a good sign for the party.  one thing that confuses me is that there was a decrease in weekly church goers in the republican party.  Because of the republican stance opposing abortion and the general view of church goers you would think that it would be the other way around.  Though in general the republican party has gained more support of the gap people, it will be interesting to see if they have gained enough.  I think that a lot is up in the air right now and that it will be decided by the appeal generated by the speaches and debates more than by political issues.

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What jihadists want you to believe about Libya - CNN.com

What jihadists want you to believe about Libya - CNN.com | Hannah James GOPO | Scoop.it

A group of Islamic extremists attacked a US embassy in Lybia.  The people in Lybia are upset about it. The embassador had refused to give up on lybia and wanted to help. Unfortunately Islamic extremists didn't like that.  I sure hope Obama sticks to his guns and "brings justice."  The attack seems to have no relationship to the very scarcely known anti-Mulsim film made in the US. How come we haven't yet realized that we need more security if American embassadors and American citizens are going to be there? I also heard today about a friend who's friend's brother was a journalist in Lybia and has been missing for several months...kind of scary.

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As Growth Lags, Some Press the Fed to Do Still More

As Growth Lags, Some Press the Fed to Do Still More | Hannah James GOPO | Scoop.it
Federal Reserve officials believe the bank could do more to increase the pace of inflation and aid growth. They simply are not persuaded that the benefits outweigh potential costs.
Hannah Grace James's insight:

The Fed controlling inflation seems to be very controversial. Though increasing inflation would increase spending (because it would be worth more to spend the money than save it), it would hurt those who save money (like for college).  Though the GDP would increase because people would spend the money while it's worth something, I feel like the increase is fake and would not reflect actual growth in the economy.

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US Consumer Sentiment Deteriorates to Hit 1-Year Lows

US Consumer Sentiment Deteriorates to Hit 1-Year Lows | Hannah James GOPO | Scoop.it
U.S. consumer sentiment fell unexpectedly for a second straight month to hit its lowest in over a year in January.
Hannah Grace James's insight:

The American population seems to be extremely discouraged by the economy.  As we have learned in the supply and demand section, the populations expectations affect the economy.  Since the American people expect the economy to just get worse, they will buy less and save more, hurting the economy even more.  I think if we had more trust in the people in charge we'd have more hope and a better economy.

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Will Egypt's leaders calm or fan the crisis? - CNN.com

Will Egypt's leaders calm or fan the crisis? - CNN.com | Hannah James GOPO | Scoop.it
Isobel Coleman says Egypt's president Mohamed Morsi is walking a fine line in his response to the anti-American protests.
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Obama vs. Romney

In this poll conducted by the Wall Street Journal 1000 subjects were asked several different questions about current politics.  One of those questions included was whether they would be voting for Obama/Biden or Romney/Ryan in the next election.  Though 8% were undecided, the poll showed that 48% were going to vote for Obama and only 44% for Romney.  These numbers however are still very close and could easily change.  When asked if the country is going in the right direction 61% of those polled thought that the country was going in the wrong direction.  This suggests that the people want a change.  It looks like it will be a very interesting few months coming into the election.

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