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| TheRumpledOne 6,530 posts msg #102981 - Ignore TheRumpledOne |
10/17/2011 11:50:37 AM THE Top 100 Statistics About the Collapse of the Economy that Every Voter Should Know Posted by Wealth Wire - Friday, October 7th, 2011 The U.S. economy is dying and most American voters have no idea why it is happening. Unfortunately, the mainstream media and most of our politicians are not telling the truth about the collapse of the economy. This generation was handed the keys to the greatest economic machine that the world has ever seen, and we have completely wrecked it. Decades of incredibly foolish decisions have left us drowning in an ocean of corruption, greed and bad debt. Thousands of businesses and millions of jobs have left the country and poverty is exploding from coast to coast. We are literally becoming a joke to the rest of the world. It is absolutely imperative that we educate America about what is happening. Until the American people truly understand the problems that we are facing, they will not be willing to implement the solutions that are necessary. The following are the top 100 statistics about the collapse of the economy that every American voter should know... #100 A staggering 48.5% of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent. #99 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office. #98 Since Barack Obama was sworn in, the share of the national debt per household has increased by $35,835. #97 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. #96 It is being projected that the U.S. national debt will hit 344% of GDP by the year 2050 if we continue on our current course. #95 The Congressional Budget Office is projecting that U.S. government debt held by the public will reach a staggering 716 percent of GDP by the year 2080. #94 In 2010, the U.S. government paid $413 billion in interest on the national debt. That is projected to at least double over the next decade. #93 According to one new survey, one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job. #92 State and local government debt has reached an all-time high of 22 percent of U.S. GDP. #91 In 1980, government transfer payments accounted for just 11.7% of all income. Today, government transfer payments account for 18.4% of all income. #90 U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. #89 According to a new study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent. #88 If you can believe it, one out of every seven Americans has at least 10 credit cards. #87 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%. #86 The cost of a health insurance policy for the average American family rose by a whopping 9 percent last year, and according to a report put out by the Kaiser Family Foundation and the Health Research and Educational Trust, the average family health insurance policy now costs over $15,000 a year. #85 One study found that approximately 41 percent of working age Americans either have medical bill problems or are currently paying off medical debt. #84 An all-time record 49.9 million Americans do not have any health insurance at all at this point, and the percentage of Americans covered by employer-based health plans has fallen for 11 years in a row. #83 According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States. Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance. #82 Average yearly tuition at U.S. private universities is now up to $27,293. #81 The cost of college tuition in the United States has gone up by over 900 percent since 1978. #80 In America today, approximately two-thirds of all college students graduate with student loans. #79 In 2010, the average college graduate had accumulated approximately $25,000 in student loan debt by graduation day. #78 The total amount of student loan debt in the United States now exceeds the total amount of credit card debt in the United States. #77 One-third of all college graduates end up taking jobs that don't even require college degrees. #76 In the United States today, there are more than 100,000 janitors that have college degrees. #75 In the United States today, 317,000 waiters and waitresses have college degrees. #74 In the United States today, approximately 365,000 cashiers have college degrees. #73 It is being projected that for the first time ever, the OPEC nations are going to bring in over a trillion dollars from exporting oil this year. Their biggest customer is the United States. #72 U.S. oil companies will bring in about $200 billion in pre-tax profits this year. They will also receive about $4.4 billion in specialized tax breaks from the U.S. government. #71 The United States has had a negative trade balance every single year since 1976, and since that time the United States has run a total trade deficit of more than 7.5 trillion dollars with the rest of the world. #70 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001. #69 The U.S. trade deficit with China is now 27 times larger than it was back in 1990. #68 Today, the United States spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States. #67 China has surpassed the United States and is now the largest PC market in the entire world. #66 In 2002, the United States had a trade deficit in "advanced technology products" of $16 billion with the rest of the world. In 2010, that number skyrocketed to $82 billion. #65 In 2010, the number one U.S. export to China was "scrap and trash". #64 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe? Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion. #63 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000. #62 If you can believe it, more than 42,000 manufacturing facilities in the United States have been closed down since 2001. #61 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost. #60 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs. #59 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades. #58 If you gathered together all of the workers that are "officially" unemployed in the United States today, they would constitute the 68th largest country in the world. #57 There are fewer payroll jobs in the United States right now than there were back in 2000 even though we have added 30 million extra people to the population since then. #56 Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. In July, only 81.2 percent of men in that age group had a job. #55 Only 55.3% of all Americans between the ages of 18 and 29 were employed last year. That was the lowest level that we have seen since World War II. #54 Today, there are 5.9 million Americans between the ages of 25 and 34 that are living with their parents. #53 The economic downturn has been particularly tough on men. According to Census data, men are twice as likely to live with their parents as women are. #52 According to one recent survey, only 14 percent of all Americans that are 28 or 29 years old are optimistic about their financial futures. #51 Incredibly, less than 30 percent of all U.S. teens had a job this summer. #50 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation. #49 Since the year 2000, we have lost approximately 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs. #48 In 1980, 52 percent of all jobs in the United States were middle income jobs. Today, only 42 percent of all jobs are middle income jobs. #47 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs. #46 According to Paul Osterman, a professor of economics at MIT, approximately 20 percent of all employed Americans are making $10.65 an hour or less. #45 Half of all American workers now earn $505 or less per week. #44 Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation. #43 New home sales in the United States are now down 80% from the peak in July 2005. #42 The all-time record for fewest number of new homes sold in the United States was broken in 2009. Then it was broken again in 2010. It is on pace to be broken once again in 2011. #41 At one point this year, U.S. home prices had fallen a whopping 33% from where they were at during the peak of the housing bubble. #40 U.S. home values have fallen approximately 6 trillion dollars since the housing crisis first began. #39 According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida are sitting vacant. That figure is 63 percent larger than it was just ten years ago. #38 Historically, the percentage of residential mortgages in foreclosure in the United States has tended to hover between 1 and 1.5 percent. Today, it is up around 4.5 percent. #37 According to the Mortgage Bankers Association, at least 8 million Americans are currently at least one month behind on their mortgage payments. #36 According to a Harris Interactive survey taken near the end of last year, 77 percent of all Americans are now living paycheck to paycheck. In 2007, the same survey found that only 43 percent of Americans were living paycheck to paycheck. #35 Starting on January 1st, 2011 the Baby Boomers began to hit retirement age. From now on, every single day more than 10,000 Baby Boomers will reach the age of 65. That is going to keep happening every single day for the next 19 years. #34 According to a new poll by Americans for Secure Retirement, 88 percent of all Americans are worried about "maintaining a comfortable standard of living in retirement". Last year, that figure was at 73 percent. #33 One out of every six elderly Americans now lives below the federal poverty line. #32 In 1950, each retiree's Social Security benefit was paid for by 16 U.S. workers. According to new data from the U.S. Bureau of Labor Statistics, there are now only 1.75 full-time private sector workers for each person that is receiving Social Security benefits in the United States. #31 According to the Congressional Budget Office, the Social Security system paid out more in benefits than it received in payroll taxes in 2010. That was not supposed to happen until at least 2016. #30 The U.S. government now says that the Medicare trust fund will run out five years faster than they were projecting just last year. #29 According to one study, the 50 U.S. state governments are collectively 3.2 trillion dollars short of what they need to meet their pension obligations. #28 A different study has shown that individual Americans are $6.6 trillion short of what they need to retire comfortably. #27 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent. #26 According to a shocking AARP survey of Baby Boomers that are still in the workforce, 40 percent of them plan to work "until they drop". #25 Last year, 2.6 million more Americans dropped into poverty. That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959. #24 Back in the year 2000, 11.3% of all Americans were living in poverty. Today, 15.1% of all Americans are living in poverty. #23 More than 50 million Americans are now on Medicaid. Back in 1965, only one out of every 50 Americans was on Medicaid. Today, approximately one out of every 6 Americans is on Medicaid. #22 More than 45 million Americans are now on food stamps. #21 The number of Americans on food stamps has increased 74% since 2007. #20 Approximately one-third of the entire population of the state of Alabama is now on food stamps. #19 Right now, one out of every four American children is on food stamps. #18 It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18. #17 The poverty rate for children living in the United States increased to 22% in 2010. #16 There are 314 counties in the United States where at least 30% of the children are facing food insecurity. #15 In Washington D.C., the "child food insecurity rate" is 32.3%. #14 More than 20 million U.S. children rely on school meal programs to keep from going hungry. #13 It is estimated that up to half a million children may currently be homeless in the United States. #12 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006. #11 According to a recent report from the AFL-CIO, the average CEO made 343 times more money than the average American did last year. #10 The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States. #9 The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States. #8 The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population. #7 According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million. #6 According to one recent poll, 90 percent of the American people believe that economic conditions in the United States are "poor". To put this in perspective, only 11 percent of Americans rated economic conditions in the U.S. as "poor" back in January of 1999. #5 According to another recent poll, 80 percent of the American people believe that we are actually in a recession right now. #4 Our dollar is being systematically destroyed by the Federal Reserve. An item that cost $20.00 in 1970 will cost you $116.78 today. An item that cost $20.00 in 1913 will cost you $457.67 today. #3 The Federal Reserve made $16.1 trillion in secret loans to their friends during the last financial crisis. #2 The Federal Reserve is a perpetual debt machine. Today, the U.S. national debt is more than 4700 times larger than it was when the Federal Reserve was created back in 1913. #1 According to a new CNN/ORC International Poll, 27 percent of all Americans have never even heard of Federal Reserve Chairman Ben Bernanke. We need to educate America. Please share this with as many people as you can. Time is running out for America, and 2012 is going to be an absolutely pivotal year in the history of this nation. We are in the midst of a long-term economic decline that is rapidly accelerating. If dramatic changes are not made very quickly, we will soon witness a full-blown collapse of the economy. Wake up as many people as you can. We are running out of time. *Post courtesy of the Economic Collapse Blog. |
| rharmelink 81 posts msg #102993 - Ignore rharmelink |
10/17/2011 10:04:06 PM >> #100 A staggering 48.5% of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent. And that number will continue to get larger as more and more baby boomers retire and get SS benefits. Baby boomers that have paid into the plan for decades. Heck, FICA got more of my earned income than my 401K. That's not to say SS and Medicare aren't Ponzi scheme. :( I found this interesting ("Who Pays America’s Tax Burden, and Who Gets the Most Government Spending?": http://www.taxfoundation.org/files/sr151.pdf |
| TheRumpledOne 6,530 posts msg #103088 - Ignore TheRumpledOne |
10/25/2011 10:15:03 AM The Quote of the Decade: “The fact that we are here today to debate raising America 's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” ~ Senator Barack H. Obama, March 2006! Pass it on till eternity... (...it was so nice of him to give us this great quote for posterity!) |
| TheRumpledOne 6,530 posts msg #103090 - Ignore TheRumpledOne modified |
10/25/2011 10:25:56 AM This video clearly shows that George Bush warned Congress starting in 2001 that this economic crisis was coming, if something was not done. But Congress refused to listen, along with the arrogant Congressman Barney Frank. This video says it all. The liberal media reportedly did not want this video on YouTube; it was taken off. This link is of the same video, but is routed through Canada. Everyone in America needs to see this before it is yanked off the Internet again! Let's see how far we can spread it before it's pulled off the Canadian site. http://www.youtube.com/watch_popup?v=cMnSp4qEXNM&NR=1 Perhaps someone here can download and preserve this video. |
| Mactheriverrat 3,178 posts msg #103098 - Ignore Mactheriverrat |
10/25/2011 7:20:05 PM Strange that Bush signed every budget that every congress ever sent him. For that matter every President has signed every budget that every Congress has ever sent every President. There are no clean hands here! |
| dangreene 229 posts msg #103099 - Ignore dangreene |
10/25/2011 7:45:54 PM This was from the White House, the Office of the Press Secretary on October 10, 2008. Note the third paragraph. www.hsdl.org/?view&did=234673 Spin that. |
| TheRumpledOne 6,530 posts msg #103104 - Ignore TheRumpledOne modified |
10/26/2011 3:45:22 PM In my inbox: EVERY PERSON IN THE USA SHOULD SEE THIS! JUST THINK, THIS WAS FORECASTED 62 YEARS AGO! What can a cartoon, produced in 1948, teach us today, that's of any value? You'd be very surprised! Pay close attention! Keep in mind as you watch this that it was done in '1948'. Keep telling yourself that as you view it. This is one of the best I have ever seen and it was produced in 1948. This should be viewed by every AMERICAN. Click on 1948 Cartoon below - this cartoon is timeless and is just as true today as it was in 1948! Make Mine Freedom (1948) http://youtu.be/mVh75ylAUXY |
| TheRumpledOne 6,530 posts msg #103105 - Ignore TheRumpledOne |
10/26/2011 4:34:15 PM In my inbox: It's a sort of flow-chart with severe implications ... Deleveraging, dwindling demand, and declining monetary velocity denote deflation on a global scale. Take a look at this flow-chart and then get back to the mother ship immediately! https://www.mcssl.com/content/166063/CC/102611_CC_final.pdf |
| TheRumpledOne 6,530 posts msg #103269 - Ignore TheRumpledOne |
11/9/2011 7:46:18 AM In my inbox... Posted By Marybeth Hicks On October 19, 2011 Call it an occupational hazard, but I can’t look at the Occupy Wall Street protesters without thinking, “Who parented these people?” As a culture columnist, I’ve commented on the social and political ramifications of the “movement” – now known as “OWS” – whose fairyland agenda can be summarized by one of their placards: “Everything for everybody.” Thanks to their pipe-dream platform, it’s clear there are people with serious designs on “transformational” change in America who are using the protesters like bedsprings in a brothel. Yet it’s not my role as a commentator that prompts my parenting question, but rather the fact that I’m the mother of four teens and young adults. There are some crucial life lessons that the protesters’ moms clearly have not passed along. Here, then, are five things the OWS protesters’ mothers should have taught their children but obviously didn’t, so I will: • Life isn’t fair. The concept of justice – that everyone should be treated fairly – is a worthy and worthwhile moral imperative on which our nation was founded. But justice and economic equality are not the same. Or, as Mick Jagger No matter how you try to “level the playing field,” some people have better luck, skills, talents or connections that land them in better places. Some seem to have all the advantages in life but squander them, others play the modest hand they’re dealt and make up the difference in hard work and perseverance, and some find jobs on Wall Street and eventually buy houses in the Hamptons. Is it fair? Stupid question. • Nothing is “free.” Protesting with signs that seek “free” college degrees and “free” health care make you look like idiots, because colleges and hospitals don’t operate on rainbows and sunshine. There is no magic money machine to tap for your meandering educational careers and “slow paths” to adulthood, and the 53 percent of taxpaying Americans owe you neither a degree nor an annual physical. While I’m pointing out this obvious fact, here are a few other things that are not free: overtime for police officers and municipal workers, trash hauling, repairs to fixtures and property, condoms, Band-Aids and the food that inexplicably appears on the tables in your makeshift protest kitchens. Real people with real dollars are underwriting your civic temper tantrum. • Your word is your bond. When you demonstrate to eliminate student loan debt, you are advocating precisely the lack of integrity you decry in others. Loans are made based on solemn promises to repay them. No one forces you to borrow money; you are free to choose educational pursuits that don’t require loans, or to seek technical or vocational training that allows you to support yourself and your ongoing educational goals. Also, for the record, being a college student is not a state of victimization. It’s a privilege that billions of young people around the globe would die for – literally. • A protest is not a party. On Saturday in New York, while making a mad dash from my cab to the door of my hotel to avoid you, I saw what isn’t evident in the newsreel footage of your demonstrations: Most of you are doing this only for attention and fun. Serious people in a sober pursuit of social and political change don’t dance jigs down Sixth Avenue like attendees of a Renaissance festival. You look foolish, you smell gross, you are clearly high and you don’t seem to realize that all around you are people who deem you irrelevant. • There are reasons you haven’t found jobs. The truth? Your tattooed necks, gauged ears, facial piercings and dirty dreadlocks are off-putting. Nonconformity for the sake of nonconformity isn’t a virtue. Occupy reality: Only 4 percent of college graduates are out of work. If you are among that 4 percent, find a mirror and face the problem. It’s not them. It’s you. (© 2011 Marybeth Hicks) PS by Charles Seamone: My generation got to where we are the hard way. WE EARNED IT. Shedding some blood, sweat and tears never killed anyone. Get to work young Canada! You have to stop being a burden on society! This was written before a young girl died of a drug overdose in a cardboard camp on the streets of Vancouver. =================== Question by TRO.... Why "protesters’ mothers" and not protesters’ parents? A sign of the times?? |
| johnpaulca 12,036 posts msg #103372 - Ignore johnpaulca |
11/16/2011 10:34:03 AM As I came out of the supermarket that sunny day, pushing my cart of groceries towards my car, I saw an old man with the hood of his car up and a lady sitting inside the car, with the door open. The old man was looking at the engine. I put my groceries away in my car, and continued to watch the old gentleman from about twenty five feet away.. I saw a young man in his early twenties with a grocery bag in his arm walking towards the old man. The old gentleman saw him coming too, and took a few steps towards him. I saw the old gentleman point to his open hood and say something. The young man put his grocery bag into what looked like a brand new Cadillac Escalade. He then turned back to the old man.. I heard him yell at the old gentleman saying: 'You shouldn't even be allowed to drive a car at your age.' And then with a wave of his hand, he got in his car and peeled rubber out of the parking lot. I saw the old gentleman pull out his handkerchief, and mop his brow as he went back to his car and again looked at the engine. He then went to his wife and spoke with her; he appeared to tell her it would be okay. I had seen enough, and I approached the old man. He saw me coming and stood straight, and as I got near him I said, 'Looks like you're having a problem.' He smiled sheepishly, and quietly nodded his head. I looked under the hood myself, and knew that whatever the problem was, it was beyond me. Looking around, I saw a gas station up the road, and I told the old man that I would be right back. I drove to the station and went I inside. I saw three attendants working on cars. I approached one of them, and related the problem the old man had with his car. I offered to pay them if they could follow me back down and help him. The old man had pushed the heavy car under the shade of a tree and appeared to be comforting his wife When he saw us he straightened up and thanked me for my help. As the mechanics diagnosed the problem (overheated engine), I spoke with the old gentleman. When I shook hands with him earlier, he had noticed my Marine Corps ring and had commented about it, telling me that he had been a Marine too. I nodded and asked the usual question, 'What outfit did you serve with?' He had mentioned that he served with the first Marine Division at Tarawa, Saipan, Iwo Jima and Guadalcanal .... He had hit all the big ones and retired from the Corps after the war was over. As we talked we heard the car engine come on and saw the mechanics lower the hood. They came over to us as the old man reached for his wallet, but was stopped by me. I told him I would just put the bill on my AAA card. He still reached for the wallet and handed me a card that I assumed had his name and address on it and I stuck it in my pocket. We all shook hands all around again, and I said my goodbye's to his wife. I then told the two mechanics that I would follow them back up to the station. Once at the station, I told them that they had interrupted their own jobs to come along with me and help the old man. I said I wanted to pay for the help, but they refused to charge me One of them pulled out a card from his pocket, looking exactly like the card the old man had given to me. Both of the men told me then that they were Marine Corps Reserves. Once again we shook hands all around and as I was leaving, one of them told me I should look at the card the old man had given to me. I said I would and drove off. For some reason I had gone about two blocks, when I pulled over and took the card out of my pocket and looked at it for a long, long time. The name of the old gentleman was on the card in golden leaf and under his name was written:'Congressional Medal of Honor Society.' I sat there motionless, looking at the card and reading it over and over. I looked up from the card and smiled to no one but myself and marveled that on this day, four Marines had all come together because one of us needed help. He was an old man all right, but it felt good to have stood next to greatness and courage, and an honor to have been in his presence. Remember, OLD men like him gave you FREEDOM for America . Thanks to those who served and still serve, and to all of those who supported them, and who continue to support them. America is not at war. The U.S. Military is at war.. America is at the Mall. If you don't stand behind our troops, PLEASE feel free to stand in front of them! Remember, Freedom isn't Free. Thousands have paid the price, so that you can enjoy what you have today. LET'S DO THIS: JUST 19 WORDS: GOD OUR FATHER, WALK THROUGH MY HOUSE AND TAKE AWAY ALL MY WORRIES; AND PLEASE WATCH OVER AND HEAL MY FAMILY; AND PLEASE PROTECT OUR FREEDOMS, AND WATCH OVER OUR TROOPS, WHO ARE DEFENDING THOSE FREEDOMS.AMEN |
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