News

**LoP Guest** lop guest User ID: 92538 04-29-2012 05:59 PM

Government has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace.

Friday's gross domestic product report confirmed what a drag government can be: While consumer spending grew at a 2.9 percent clip, state and local governments cut back spending by 1.2 percent on an annualized basis and the federal government pulled back by 5.6 percent.

As a result, the GDP [cnbc explains] number showed just a 2.2 percent improvement. The report disappointed economists, some of whom had the number as high as 3 percent and beyond, and cast an uncertain future on a stock market dependent on Federal Reserve stimulus for growth.

http://www.cnbc.com/id/47205997

**SICG**

The problem is government no longer exists and hasn't for many many years. The administration is now letting the people of the USSA in on the big secret.

**silversides**

Oh man is that headline correct...

**Luvapottamus**

Odios debt is what's holding us down.

And Banksters running the show.