Tuesday, November 11, 2014

3 Year Trend in US Treasury Spending thru 4 November Statement Day


Scan below comparing the last three years trend in the individual line items of US government spending into the  non-government sector.

Let's see...

Commodity supports:  DOWN
Energy:  DOWN
Education:  DOWN
Federal Salaries:  DOWN
Defense:  DOWN
Highways:  DOWN
Food & Nutrition:  DOWN
UST Interest:  DOWN (and what's left being paid to the Fed and foreigners...)
Unemployment Comp:  DOWN
NASA: DOWN
Needy Families:  DOWN
Obama's Golf Handicap:  DOWN
Democrat election results:  DOWN
S&P 500 EPS:  UP

Overall though, we are slightly UP mostly due to spending on what can perhaps be termed "retirement" spending line items such as Social Security, Medicare/Medicaid, and Veteran's Benefits.

S&P firms are seemingly still killing it in the work of provisioning this "retirement priority" economy being foisted upon us.





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