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THE ECONOMY & YOU # (Daily Updated Videos & Articles)
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[quote:RoXY:MV8xNTc4NDI2XzI4Njg0NzUwXzJFQjQwQzgz] [b]The Top 100 Statistics About The Collapse Of The Economy That Every American Voter Should Know[/b] 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.... [b]#100[/b] 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. [b]#99[/b] 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. [b]#98 [/b]Since Barack Obama was sworn in, the share of the national debt per household has increased by $35,835. [b]#97 [/b]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. [b]#96 [/b]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. [b]#95[/b] 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. [b]#94[/b] 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. [b]#93[/b] 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. [b]#92[/b] State and local government debt has reached an all-time high of 22 percent of U.S. GDP. [b]#91[/b] In 1980, government transfer payments accounted for just 11.7% of all income. Today, government transfer payments account for 18.4% of all income. [b]#90[/b] U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. [b]Continue: http://theeconomiccollapseblog.com/archives/the-top-100-statistics-about-the-collapse-of-the-economy-that-every-american-voter-should-know[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
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