Cost Of Living Soars...

Discussion in 'Politics' started by paulitician, Mar 16, 2012.

  1. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,972
    The cost of living in the U.S. rose in February by the most in 10 months, reflecting a jump in gasoline that failed to spread to other goods and services.

    The consumer-price index climbed 0.4 percent, matching the median forecast of economists surveyed by Bloomberg News, after increasing 0.2 percent the prior month, the Labor Department reported today in Washington. The so-called core measure, which excludes more volatile food and energy costs, climbed 0.1 percent, less than projected.

    The biggest jump in gasoline in more than a year accounted for about 80 percent of the increase in prices last month, leaving households with less money to spend on other goods and services. Federal Reserve policy makers say the advance in fuel costs will be temporary, and most see little risk inflation will flare out of control as unemployment exceeds 8 percent.

    “There are some worries from the energy prices perspective, but the Fed and most people realize that the increase will probably be transitory,” said Benjamin Reitzes , an economist at BMO Capital Markets in Toronto. “Outside of energy prices, there is not much risk for the consumer.”

    Consumer Prices in U.S. Rose in February as Gasoline Jumped - Bloomberg
    DRUDGE REPORT 2012®
     
  2. FuelRod
    Offline

    FuelRod Gold Member

    Joined:
    Mar 16, 2011
    Messages:
    3,387
    Thanks Received:
    920
    Trophy Points:
    153
    Ratings:
    +924
    The scary thing is that the effects of this will not be felt for 3-6 months.
     
    • Thank You! Thank You! x 1
  3. Mr. Shaman
    Offline

    Mr. Shaman Senior Member

    Joined:
    May 4, 2010
    Messages:
    23,892
    Thanks Received:
    817
    Trophy Points:
    48
    Ratings:
    +819
    I'm always amazed at Teabagger "discoveries".....that everyone-else sees as facts-of-Life, when prices-at-the-pump increase.

    This is (actually) "news", to you????

    :eusa_eh:
     
  4. Mr. Shaman
    Offline

    Mr. Shaman Senior Member

    Joined:
    May 4, 2010
    Messages:
    23,892
    Thanks Received:
    817
    Trophy Points:
    48
    Ratings:
    +819
    I'm guessin'.....if you were old-enough to shop, for groceries, you'd "feel it", now!
     
  5. GuyPinestra
    Offline

    GuyPinestra Senior Member

    Joined:
    Jan 29, 2012
    Messages:
    6,907
    Thanks Received:
    667
    Trophy Points:
    48
    Ratings:
    +669
    • Thank You! Thank You! x 1
  6. LogikAndReazon
    Offline

    LogikAndReazon Gold Member

    Joined:
    Feb 21, 2012
    Messages:
    4,850
    Thanks Received:
    614
    Trophy Points:
    190
    Ratings:
    +1,285
    this is why the poor need the rich to pay their "fair share"..........

    hope just isnt enough
     
    • Thank You! Thank You! x 1
  7. AquaAthena
    Offline

    AquaAthena INTJ/ INFJ

    Joined:
    Feb 16, 2010
    Messages:
    15,453
    Thanks Received:
    11,061
    Trophy Points:
    2,265
    Location:
    ♥ TEXAS ♥ in Spirit
    Ratings:
    +12,342

    Yes, it's called a flat tax. Or "fair tax."
     
  8. Katzndogz
    Offline

    Katzndogz Diamond Member

    Joined:
    Sep 27, 2011
    Messages:
    65,659
    Thanks Received:
    7,418
    Trophy Points:
    1,830
    Ratings:
    +8,337
    No matter how bad it gets, democrats will still campaign on the issues of porn, contraceptives and sex, sex, sex. With the occasional mention of some trivial transgression or other.

    I suggest that democrats go to the grocery store, now, in six months it will be worse, but go now and ask some shopper weighing whether to buy beans or rice what they think about Rush Limbaugh. The answer will mostly be "Why would I be thinking about Rush Limbaugh AT ALL?"
     
    • Thank You! Thank You! x 1
  9. eflatminor
    Offline

    eflatminor Classical Liberal

    Joined:
    May 24, 2011
    Messages:
    9,236
    Thanks Received:
    1,399
    Trophy Points:
    245
    Ratings:
    +2,046
    On the other hand, we could confiscate the entire net worth of America's billionaires - not just 100% of their income this year but ALL of their money, real estate and valuables - and we still couldn't even balance this year's deficit, much less begin to touch the $15.4 trillion of debt we've accumulated. It's that bad. It's a spending problem, not a revenue problem.
     
    • Thank You! Thank You! x 2
  10. eflatminor
    Offline

    eflatminor Classical Liberal

    Joined:
    May 24, 2011
    Messages:
    9,236
    Thanks Received:
    1,399
    Trophy Points:
    245
    Ratings:
    +2,046
    Yep! America has the most progressive tax system in the western world. That is, our rich pay a bigger portion of the total revenue than the European socialists countries so admired by the left. On top of that, nearly half of Americans pay no federal income tax at all. How hypocritical it is to suggest the rich don't pay their "fair share".
     

Share This Page