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Here Is What Americans Spent Their "Gas Savings" On
Last quarter, in "This Is What Americans Spent The Most Money On In Q4" we showed that according to the first estimate of Q4 GDP data, the American consumer spent a whopping $20.4 billion in nominal dollars on healthcare, which also resulted in the biggest consumption contribution to GDP in years.
Today, following the first revision of consumer spending, we learn that in the fourth quarter Americans spent even more on healthcare, pushing the total up by $1 billion more, to a whopping $21.4 Bn, or 18% of all spending on goods and services in Q4.
This upward revision on healthcare, of which Obamacare was the primary source of mandatory spending, takes places even as the bulk of the key spending line items were revised lower following the revision.
In any event, the math is clear - the next time anyone asks you what Americans spent their so-called "gas savings" on in Q4, and why retail sales in the end of 2014 (and the start of 2015) were so weak, show them this chart.
Source: BEA
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I was going to say Obamacare :-)
Send some gas savings into Ron Paul.
I know I spent mine on healthcare. My insurance now covers even less then I thought.
This is a Federal Crime, Probably a Felony.
- Treasury used unauthorized $3 billion for Obamacare...
http://www.washingtonexaminer.com/treasury-wont-explain-decision-to-make...
And it is your Taxes, you have to pay for this misappropriation of Funds.
And no one is even fired??
Do you know the proctologist costs in trying to remove uncle sam's huge cock...
And don't forget what happened on July 1st 2014 from those tricky little attachements to Obamacare. These taxes were passed with only Democrat votes, not one Republican voted for Obamacare and/or these taxes.
Top Income Tax bracket went from 35% to 39.6%
Top Income Payroll Tax went from 37.4% to 52.2%
Capital Gains Tax went from 15 % to 28%
Dividend Tax went from 15% to 39.6%
Estate Tax went from 0% to 55%
Not only has healthcare costs gone to the moon, the top dudes making all the money in the stock market will be paying higher taxes on their gains. Any questions why the fed/gov need to keep the stock market propped up?
Progressive cheered for that. And they want MOAR!
Grimaldus
False.
http://www.politifact.com/truth-o-meter/statements/2014/may/14/chain-ema...
We need to take care of the children and the poor. Quit bitchin people. Just pay up.
I take care of my children...and I'm poorer...
Not enough. Pay up for mine too.
The chart indicates there are many common expenditures that are really optional but are apparently considered very "important" by many people.
1. Food services and accommodation - Dining out and Hotels/Motels (travel)
2. Recreational goods and vehicles and other - Spending money to have "fun".
3. Recreation services - More "fun"?
All these significant expenditures are far more than FOOD!
I guess it's just a matter of priorities.
How about FAST FOOD crap?
I eat like a king on 100 euros a week at home.
People are too lazy to cook so spend GAS driving to some GMO crap fast food joint to be around waddling tubs of lard with IQ's of 20.
I invested in large HDTV and theatre system and download all the movies vis Bittorrent FREE. Popcorn at home costs 15 cents or pop plus I can pause it and take a shit or piss.
On top of that I don't burn GASOLINE driving to a theatre to be around lots of waddling tubs of lard that can't shut up during a film.,
How about FAST FOOD crap?
I eat like a king on 100 euros a week at home.
People are too lazy to cook so spend GAS driving to some GMO crap fast food joint to be around waddling tubs of lard with IQ's of 20.
I invested in large HDTV and theatre system and download all the movies vis Bittorrent FREE. Popcorn at home costs 15 cents or pop plus I can pause it and take a shit or piss.
On top of that I don't burn GASOLINE driving to a theatre to be around lots of waddling tubs of lard that can't shut up during a film.,
You could improve your frugality by stealing food too.
Shit and piss outside to save on water bill [no flushing].
A classic.
OK, then.
Sheeple, It's what's for Dinner !
This is the progressive utopia.
Crushing and murdering some folks.
Grimaldus
This is what happens when you let baboons take charge.
Jonny Cash said it best...
http://www.whithonea.com/wp-content/uploads/2010/02/JonnyCashFinger-300x...
Bankers nation, Über alles!
Soetoro coundn't care less.
Putin tricked everyone! He is winning! Just anounced that Russia is ready to sell it's oil fields to China, so that China controls Russia natrual reasources! Yes! Now thos westerners will see how we tricked them! In their face!
Russia to mull allowing China over 50 percent stake in strategic oil, gas fields - TASShttps://uk.news.yahoo.com/russia-mull-allowing-china-over-50-percent-sta...
Also Putin is smart because he is selling and giving away Russian land to China:
China Eyes Land Giveaway Program in Russia’s Far EastDespite Russian concerns, Chinese media predict a new “homestead act” will boost Chinese migration to the Far East.
http://thediplomat.com/2015/01/china-eyes-land-giveaway-program-in-russi... China artfully steals Russia's landhttp://english.pravda.ru/russia/politics/27-04-2011/117716-china_russia-0/
So this is smart - Putin gives away Russian energy and land! Yes! Putin smarter than west. This will make us stronger!
Actions such as this don't look a man who is trying to recreate the Soviet Union as many mouthy Western political "leaders" claim.
I think Putin is doing all right! We should not have hospitals for children and other public building in health sector in normal conditions if we can invest in war machine! We must kill all those fascists that stand in our way to get back to USSR borders!!
http://youtu.be/pHBzZisIuGs
So this is only Ukie lies - these decisions are right!
That last video material is about St. Petersburg hospital where you must take your shit in that bowl and than together with other patiants drown it in that toilet like thing. Yes, it's maybe unconfortable to stand in line with your shit in your hand and it could be smelly when all those bowls where there whole night - but hey! We must be doing this to have money for rockets and tanks!
The day is rapidly approaching when we are going to BEG FOR ISIS TO COME AND LEAD THE OBAMACARE DEATH PANELS
How much did people spend on education?
"Other Services" - blowjobs.
The very last red bar for *Food and Beerages* really kills me. ;)
I spent my savings on hookers & blow. Of course, I don't really use that much gas and the savings was minimal, so it doesn't take a rocket surgeon to imagine what the quality (or lack thereof) of each was.
I took my $5 savings and spend it on some vaseline so the FedDick wouldn't hurt so much when I pay taxes.
"Health Care" in America is actually a "Profit From Disease System" that tortures to death at least an order of magnitude more people than the Military Industrial Complex does.
The essential problem is that medicine does not make much sense outside of the context of human ecology. However, the history of human ecology has primarily been due to the history of warfare, whose social successes were based upon deceits and treacheries, which social pyramid systems developed at an exponentially accelerating rate to become the kind of society we see in America, where there is a runaway Profit From Disease System, that is too crazy and corrupt to comprehend, unless one goes through the sequence of thinking about how the medical system is inside of the monetary system, which is inside of the military system. Therefore, medicine in America has the appearance of scientific rationality, but is actually psychotic, because it deliberately ignores its economic and ecological context as much as possible, since those are based upon the maximum possible frauds and deceits as their foundation, which basic social facts are NOT addressed in any rational scientific ways, but rather, are extremely taboo topics which are as deliberately ignored and denied as possible. Therefore, the illusions of "savings" from declines in the price of oil are inside of the illusions regarding the "prices" of everything else.
Here is a link to a recent Frostbite Falls Daily Rant, that sets up the bigger picture regarding the declining price of oil, and my response to that, which sadly concludes that there are no politically possible ways to prevent the runaway Profit From Disease Systems from automatically getting worse, faster, because the vast majority of people will surely continue to deliberately ignore the basic FACTS regarding real political economy of human ecology.
Demand DestructionDemand is desire plus money.
Money is measurement backed by murder.
Demand destruction is not due to decreasing desire, but rather, decreasing “money,” in the form of credit, as a claim on resources, which claims are backed by coercions. One of the SOURCES of the sense of DOOM is that desire backed by murder has driven the economic systems to turn natural resources into garbage and pollution as fast as possible, on a one-way express trip to hell. While the Earth’s resources were always finite, that problem has been extremely aggravated by the ways that human behaviors were based upon desire backed by murder, which drove exploitation of natural resources to high-grade ourselves to hell, because political economy based on desire backed by murder has strip-mined the planet in ways which encouraged the longer term considerations to matter to the minimized degree possible, compared to the much more maximized short-term concerns of being able to satisfy desires with murder backing that ability.
Another SOURCE of DOOM is that analysis then indicates that the real main obstacles to developing any better integrated human, industrial, and natural ecologies, are how to develop better death controls, so that there could actually be more of what would be ideally needed for the longer term sustainability, like recycling, especially using the available cosmic flow of energy to maximize recycling of material, through an industrial ecology which was not so totally based on strip-mining, with reckless disregard for general pollution and garbage disposal.
The wild oscillations of demand destruction had as one of their SOURCES that the financial accounting systems were based upon ENFORCED FRAUDS, which enabled human desires to be backed by murder. Therefore, the production of destruction controlled production, while that was done in the most socially successful ways through being done through methods that were based upon the maximum possible deceits and frauds. Since the production of destruction controlled production, or since desire was backed by murder, the political economy has fundamentally psychotic aspects, which are being driven towards spirals of worsening psychotic breakdowns, such as how the destruction of demand for petroleum (in that there is not enough credit available to enough people to “pay” for that oil, etc.), drives wilder and wilder oscillations, which will have worsening effects upon the future supply. The ability to extract and produce petroleum products will surely continue to go through wilder oscillations, with more and more serious time lags, and resulting distortions, which will drive even wilder oscillations, in vicious spirals.
The basic supply of those natural resources has been relatively constant during the massive swings of the price of oil during the last few years. Hence, as that Rant correctly pointed out, that supply side issue can NOT explain the wilder oscillations of the price of oil. What explains those wild oscillations of the price of oil is that all “prices” are being established through a fundamentally fraudulent financial accounting system, which boils down to desire backed by murder. The path we appear to be on is that the next level of “demand destruction” is to literally destroy the lives of those people who do not have the “money” to pay for realizing their desires. After all, the established systems which “paid” for strip-mining the planet, with “money” made out of nothing, were always debt slavery systems (where such slavery was basically: “Do what I say, or I will kill you.”)
As is well-known to those who think about it, as has been explained in many previous Rants, as long as there was enough natural resources available to continue to strip-mine at an exponentially accelerating rate, then the fundamentally fraudulent financial accounting systems could also continue to grow … However, as we reach the relatively objective limits to strip-mining a finite planet’s natural resources, those limits manifest first and foremost through the financial systems based on ENFORCED FRAUDS. The tragic trajectory of “demand destruction” is probably going to be that after the debt slavery systems generate numbers which become debt insanities (and hence, there is no longer enough credit available), the follow through on that destruction of demand, due to the destruction of the credits to pay for satisfying those demands, is going to manifest as death insanities, as far more serious and severe forms of “demand destruction,” namely the utter destruction of people.
The sense of DOOM follows from appreciating the deeper nature of the problems are due to the death control systems, which developed through the history of warfare to be done in the most socially successful ways through the maximum possible deceits, upon which basis was constructed a political economy based on ENFORCING FRAUDS. That kind of fundamentally fraudulent accounting has driven irreconcilable social polarization, which is trumped by irreparable destruction of the natural world. The most intense sense of DOOM follows from appreciating the ways that the existing civilization is based on backing up its desires with murder, and therefore, no possible better evolutionary ecologies could actually manifest that did not work through that problem with respect to the existing murder systems.
The wilder and wilder oscillations of apparently paradoxical "demand destruction" also driving the destruction of supply, in ways whose time lags will get crazier and more counter-productive, are all based on the basic facts that the production of destruction controlled production. While I believe that there may eventually emerge some sort of new evolutionary ecologies, which come to terms with the longer term consequences of having strip-mined the planet in extremely toxic ways, the actual paths through to that are going to be the "demand destruction" due to debt insanities provoking much more demand destruction through death insanities.
From a biological point of view, sex and death came as a package deal. From a sociological point of view, money and murder came as a package deal. To cut out all of the intermediate variables results in the summary that there is desire backed by murder. Previously, those were done most successfully through the maximum possible deceits and frauds, which are the deeper problems why there is a well-founded sense of DOOM. It does not appear probable that human beings are going to be able to face more radical truths about themselves, due to the thousands of years of psychological and political habits based on social pyramid systems being able to back up lies with violence, in order to engage in strip-mining the planet at an exponentially accelerating rate, while every aspect of culture accommodated to that. Theoretically, the only genuinely better resolutions of the problems which emerge when we run into relatively objective limits to being able to continue to strip-mine the planet are emerging evolutionary ecologies, which necessarily have their death controls systems as the central core to the controls and regulations of everything else. By and large, human beings have always been engaged in satisfying desires by murder, in the sense of killing and eating other organisms. Within that context that human beings acted as robbers in their environment, the most important limits on some human beings were other human beings, i.e., some human beings robbing and killing other human beings.
By and large, most of the people who begin to think about the DOOM on the horizon of history due to running into the limits of being able to strip-mine the planet (which will show up as debt insanities, provoking death insanities, or worse and worse oscillations of "demand destruction") like to focus upon a range of more pleasant alternatives to attempt to become prepared for that. However, in fact, the centrally necessary alternatives are whatever might be the alternative death controls, or murder systems. In my opinion, few people recognize that the taboos regarding money are far greater than the social taboos that revolved around sex. The Rant above breaches some of those taboos, when it more forthrightly addresses the underlying issues related to "demand destruction," causing the price of oil to suddenly collapse. In the spirit of that Rant, I have posted the comment above, which does that even more so …
All of the crazy corruptions that dominate the American "food" supply, and "medical" systems, are collectively becoming runaway death insanities, which are possible because it is impossible to have any more rational scientific discussion of the exists systems of debt insanities, that are headed towards provoking much more serious death insanities.
Health Care in America has become seriously psychotic Profit From Disease Systems, which are entrapped in vicious spirals, inside of the overall vicious spirals of fundamentally fraudulent monetary and taxation systems, backed up by deeply deceitful police and military systems. America is manifesting the greatest possible contradictions of FINAL FAILURE FROM TOO MUCH SUCCESS, at controlling society through systems of legalized lies, backed by legalized violence, whereby the funding of the political processes enables the profits from previous frauds to be reinvested in more frauds ... while that civilization as a whole gets crazier and crazier ...
"And where's there a funding!?" http://youtu.be/EYa_fhLkg5c?t=10s
spending implies money and that's not what GDP measures...
GDP is inflation adjusted to yeild the units of goods and services produced; your chart indicates a large increase in the actual amount of health care delivered, which is what Obamacare was supposed to do..
I'm not only in default on the Obamacare/IMF global sovietization program, I told him and Biden so. They won't listen. They'll say I'm a nut. But I'm a citizen of the union, in very good standing.
I PAY MOST OF THEIR BILLS
Unemployed for the first half of 2015, and no income at all for those 9 months, ZERO policies could be purchased by me under ACA. NH, where I live had no Medicaid for uninsured.
I had plenty to pay for a policy and would have liked to but was forbidden.
In September I became employed in a good job with insurance. Now I owe the penalty (tax) for 8 months. Idiotic.
More idiotic was that, after being denied insurance, three times I received letters from ACA demanding that I prove that my name was real--seriously. Each time I'd send my SS card, my drivers license and my passport, and then, three months later...a new request.
ACA is a new, and very odd low for America.