As GDP Goes Negative, Defense Spending Down, Gov’t Spending Up, Liberals Idiotically Blame “Austerity”
It’s amazing to watch how easily the liberals dissemble and lie when facts don’t go their way:
Inconvenient for the right MT @thestalwart Why did GDP shrink? Stunning collapse in government spending growth. businessinsider.com/slower-governm…
— Greg Sargent (@ThePlumLineGS) January 30, 2013
This is a reaction to the terrible news that GDP growth in the fourth quarter went negative.
Except the government spending that went down is 22% in the defense sector, which all liberals want to obliterate. Non-defense spending is actually UP 1.7%.
Think Progress doesn’t even report the difference in spending to it’s idiot readers.. they’re much too sensitive for the truth:
Here’s more genius from the Left:
GDP last quarter: Business investment and consumer spending both up. So what;s down? “Federal government spending fell significantly” — Ezra Klein (@ezraklein) January 30, 2013
Why was Q4 GDP so awful?Because government spending dropped read.bi/14rEyFe — Henry Blodget (@hblodget) January 30, 2013
hey @joenbc, you got your austerity, so where’s the economic growth? read.bi/14rEyFe
— southpaw (@nycsouthpaw) January 30, 2013
Wow, GDP decline of 0.1% largely result of 6.6% decline in govt spending. This is what austerity brings you.
— Ben White (@morningmoneyben) January 30, 2013
What “austerity” is that? Hope the GOP blocked the trillion dollar stimulus? Or Obamacare? Or the pork-laden Sandy bill?
None of those passed because of “austerity”?
Hey Liberals, if spending our debt to 104% of GDPis “Austerity Spending” then what the hell is regular spending?!?!bit.ly/XJMsnu
— El SOOPer!! (@SooperMexican) January 30, 2013