Monday, December 19, 2011

“50 Facts about the U.S. Economy That Will Shock You”

According to The Economic Collapse, an economic blog that digs beneath the mainstream media’s “reporting” for the real relevant details, the U.S. economy is a lot worse off than President Obama and his cronies would have us believe.

“America is consuming far more wealth than it is producing and our debt is absolutely exploding. If we stay on this current path, an economic collapse is inevitable,” the site says. “If we do not educate the American people about how deathly ill the U.S. economy has become, then they will just keep falling for the same old lies that our politicians keep telling them.”

So, prepare yourselves for a bit of education. If you want to read the full list of 50 facts, click here. Otherwise, I’ve included ten of the most alarming below:

  • “If the number of Americans that ‘wanted jobs’ was the same today as it was back in 2007, the ‘official unemployment rate put out by the U.S. government would be up to 11 percent.”
  • “The average amount of time that a worker stays unemployed in the United States is now over 40 weeks.”
  • “There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then.”
  • “The Federal Reserve recently announced that the total net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011 alone.”
  • “The U.S. Postal Service [alone] has lost more than 5 billion dollars over the past year.”
  • “A higher percentage of Americans is living in extreme poverty (6.7 percent) than has ever been measured before.”
  • “Today, one out of every seven American is on food stamps and one out of every four American children is on food stamps.”
  • “Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.
  • “If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.”
  • “The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.”

Just a few things to think about while we’re all working out our New Year’s resolutions lists.

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