75 economic numbers from 2012 too crazy to believe

7/30/2019 75 Economic Numbers From 2012 Too Crazy To Believe

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75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

http://www.zerohedge.com/news/2012-12-21/75-economic-numbers-2012-are-almost-too-crazy-believe

Submitted byTyler Durdenon 12/21/2012 17:44 -0500Compiled by Michael ofInvestment Watch blog,

What a year 2012 has been! The mainstream media continues to tell us what a

great job the Obama administration and the Federal Reserve are doing of

managing the economy, but meanwhile things just continue to get even worse for

the poor and the middle class.

It is imperative that we educate the American people about the true condition of our

economy and about why all of this is happening. If nothing is done, our debt problems will

continue to get worse, millions of jobs will continue to leave the country, small businesses

will continue to be suffocated, the middle class will continue to collapse, and poverty in theUnited States will continue to explode. Just tweaking things slightly is not going to fix our

economy. We need a fundamental change in direction.

Right now we are living in a bubble of debt-fueled false prosperity that allows us

to continue to consume far more wealth than we produce, but when that bubble

bursts we are going to experience the most painful economic adjustment that America has

ever gone through. We need to be able to explain to our fellow Americans what is coming,

why it is coming and what needs to be done. Hopefully the crazy economic numbers that I

have included in this article will be shocking enough to wake some people up.

The end of the year is a time when people tend to gather with family and friends more than

they do during the rest of the year. Hopefully many of you will use the list below as a

tool to help start some conversations about the coming economic collapse with

your loved ones. Sadly, most Americans still tend to doubt that we are heading into

economic oblivion. So if you have someone among your family and friends that believes

that everything is going to be just fine, just show them these numbers. They are a good

summary of the problems that the U.S. economy is currently facing.

The following are 75 economic numbers from 2012 that are almost too crazy to believe...

#1In December 2008, 31.6 million Americans were on food stamps. Today, a new all-time

record of47.7 million Americansare on food stamps. That number has increased by more

than 50 percent over the past four years, and yet the mainstream media still has the gall to

insist that things are getting better.

#2Back in the 1970s,about one out of every 50 Americanswas on food stamps. Today,

about one out of every 6.5 Americans is on food stamps.

#3Accordingto one calculation, the number of Americans on food stamps now exceeds the

combined populations of Alaska, Arkansas, Connecticut, Delaware, District of Columbia,

Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New

Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota,

Utah, Vermont, West Virginia, and Wyoming.
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#4According to one recent survey,55 percentof all Americans have received money from

a safety net program run by the federal government at some point in their lives.

#5For the first time ever,more than a millionpublic school students in the United States

are homeless. That number has risen by57 percentsince the 2006-2007 school year.

#6Median household income in the U.S. has fallen forfour consecutive years. Overall, ithas declined by over $4000 during that time span.

#7Families that have a head of household under the age of 30 have a poverty rateof 37

percent.

#8The percentage of working age Americans with a job has been under 59 percent for 39

months in a row.

#9In September 2009, during the depths of the last economic crisis, 58.7 percentof all

working age Americans were employed. In November 2012,58.7 percentof all working age

Americans were employed. It is more then 3 years later, and we are in the exact same

place.

#10When you total up all working age Americans that do not have a job in America today,

it comes tomore than 100 million.

#11According to one recent survey,55 percentof all small business owners in America

say they would not start a business today given what they know now and in the current

environment.

#12The number of jobs at new small businesses continues to decline. Accordingto

economist Tim Kane, the following is how the decline in the number of startup jobs per

1000 Americans breaks downby presidential administration

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

#13The U.S. share of global GDP has fallen from31.8 percentin 2001 to21.6 percentin

2011.

#14The United States has fallen in the global economic competitiveness rankings compiled

by the World Economic Forumfor four years in a row.

#15There are four major U.S. banks that each havemore than 40 trillion dollars of

exposureto derivatives.

#16In 2000, there weremore than 17 millionAmericans working in manufacturing, but

now there areless than 12 million.

#17According to the Pew Research Center, 61 percent of all Americans were middle

income back in 1971. Today, only51 percentof all Americans are.
http://search.twitter.com/search?q=%234http://search.twitter.com/search?q=%234http://money.cnn.com/2012/12/18/news/economy/government-entitlement-aid/index.html?iid=HP_LNhttp://money.cnn.com/2012/12/18/news/economy/government-entitlement-aid/index.html?iid=HP_LNhttp://money.cnn.com/2012/12/18/news/economy/government-entitlement-aid/index.html?iid=HP_LNhttp://search.twitter.com/search?q=%235http://search.twitter.com/search?q=%235http://www.nlchp.org/view_release.cfm?PRID=148http://www.nlchp.org/view_release.cfm?PRID=148http://www.nlchp.org/view_release.cfm?PRID=148http://www.nlchp.org/view_release.cfm?PRID=148http://www.nlchp.org/view_release.cfm?PRID=148http://www.nlchp.org/view_release.cfm?PRID=148http://search.twitter.com/search?q=%236http://search.twitter.com/search?q=%236http://theeconomiccollapseblog.com/archives/things-are-getting-worse-median-household-income-has-fallen-4-years-in-a-rowhttp://theeconomiccollapseblog.com/archives/things-are-getting-worse-median-household-income-has-fallen-4-years-in-a-rowhttp://theeconomiccollapseblog.com/archives/things-are-getting-worse-median-household-income-has-fallen-4-years-in-a-rowhttp://search.twitter.com/search?q=%237http://search.twitter.com/search?q=%237http://lrfuller.wordpress.com/2012/10/10/the-generation-that-never-stood-a-chance/http://lrfuller.wordpress.com/2012/10/10/the-generation-that-never-stood-a-chance/http://lrfuller.wordpress.com/2012/10/10/the-generation-that-never-stood-a-chance/http://lrfuller.wordpress.com/2012/10/10/the-generation-that-never-stood-a-chance/http://search.twitter.com/search?q=%238http://search.twitter.com/search?q=%238http://theeconomiccollapseblog.com/archives/unemployment-is-not-going-down-the-employment-rate-has-been-under-59-percent-for-39-months-in-a-rowhttp://theeconomiccollapseblog.com/archives/unemployment-is-not-going-down-the-employment-rate-has-been-under-59-percent-for-39-months-in-a-rowhttp://theeconomiccollapseblog.com/archives/unemployment-is-not-going-down-the-employment-rate-has-been-under-59-percent-for-39-months-in-a-rowhttp://theeconomiccollapseblog.com/archives/unemployment-is-not-going-down-the-employment-rate-has-been-under-59-percent-for-39-months-in-a-rowhttp://search.twitter.com/search?q=%239http://search.twitter.com/search?q=%239http://research.stlouisfed.org/fred2/data/EMRATIO.txthttp://research.stlouisfed.org/fred2/data/EMRATIO.txthttp://research.stlouisfed.org/fred2/data/EMRATIO.txthttp://research.stlouisfed.org/fred2/data/EMRATIO.txthttp://research.stlouisfed.org/fred2/data/EMRATIO.txthttp://research.stlouisfed.org/fred2/data/EMRATIO.txthttp://search.twitter.com/search?q=%2310http://search.twitter.com/search?q=%2310http://theeconomiccollapseblog.com/archives/there-are-100-million-working-age-americans-that-do-not-have-jobshttp://theeconomiccollapseblog.com/archives/there-are-100-million-working-age-americans-that-do-not-have-jobshttp://theeconomiccollapseblog.com/archives/there-are-100-million-working-age-americans-that-do-not-have-jobshttp://search.twitter.com/search?q=%2311http://search.twitter.com/search?q=%2311http://washingtonexaminer.com/55-percent-of-small-business-owners-would-not-start-company-today-blame-obama/article/2509069#.UGS10FG7lAyhttp://washingtonexaminer.com/55-percent-of-small-business-owners-would-not-start-company-today-blame-obama/article/2509069#.UGS10FG7lAyhttp://washingtonexaminer.com/55-percent-of-small-business-owners-would-not-start-company-today-blame-obama/article/2509069#.UGS10FG7lAyhttp://search.twitter.com/search?q=%2312http://search.twitter.com/search?q=%2312http://theeconomiccollapseblog.com/archives/we-are-witnessing-the-death-of-small-business-in-americahttp://theeconomiccollapseblog.com/archives/we-are-witnessing-the-death-of-small-business-in-americahttp://theeconomiccollapseblog.com/archives/we-are-witnessing-the-death-of-small-business-in-americahttp://theeconomiccollapseblog.com/archives/we-are-witnessing-the-death-of-small-business-in-americahttp://www.hudson.org/files/publications/Kane--TheCollapseofStartupsinJobCreation0912web.pdfhttp://www.hudson.org/files/publications/Kane--TheCollapseofStartupsinJobCreation0912web.pdfhttp://search.twitter.com/search?q=%2313http://search.twitter.com/search?q=%2313http://acrossthestreetnet.wordpress.com/2012/11/28/the-cost-of-kidding-yourself/http://acrossthestreetnet.wordpress.com/2012/11/28/the-cost-of-kidding-yourself/http://acrossthestreetnet.wordpress.com/2012/11/28/the-cost-of-kidding-yourself/http://acrossthestreetnet.wordpress.com/2012/11/28/the-cost-of-kidding-yourself/http://acrossthestreetnet.wordpress.com/2012/11/28/the-cost-of-kidding-yourself/http://acrossthestreetnet.wordpress.com/2012/11/28/the-cost-of-kidding-yourself/http://search.twitter.com/search?q=%2314http://search.twitter.com/search?q=%2314http://economix.blogs.nytimes.com/2012/09/06/a-look-behind-the-u-s-decline-in-global-competitiveness/http://economix.blogs.nytimes.com/2012/09/06/a-look-behind-the-u-s-decline-in-global-competitiveness/h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#18The Pew Research Center has also found that85 percentof all middle class Americans

say that it is harder to maintain a middle class standard of living today than it was 10 years

ago.

#1962 percent of all middle class Americans say that they have had toreduce household

spendingover the past year.

#20Right now, approximately48 percentof all Americans are either considered to be low

income or are living in poverty.

#21Approximately57 percentof all children in the United States are living in homes that

are either considered to be either low income or impoverished.

#22According to one survey,77 percentof all Americans are now living paycheck to

paycheck at least part of the time.

#23Back in 1950,more than 80 percentof all men in the United States had

jobs. Today,less than 65 percentof all men in the United States have jobs.

#24The average amount of time that an unemployed worker stays out of work in theUnited States is40 weeks.

#25If you can believe it, approximately one out of every four American workers makes10

dollars an hour or less.

#26According to the U.S. Census Bureau, an all-time record49 percentof all Americans

live in a home where at least one person receives financial assistance from the federal

government. Back in 1983, that number was less than 30 percent.

#27Right now,more than 100 million Americansare enrolled in at least one welfare

program run by the federal government. And that does not even count Social Security or

Medicare. Overall, there arealmost 80different means-tested welfare programs that the

federal government is currently running.

#28When you account for all government transfer payments and all forms of government

employment,more than half of all Americansare now at least partially financially dependent

on the government.

#29Barack Obama has been president for less than four years, and during that time the

number of Americans not in the labor force has increasedby nearly 8.5

million. Something seems really off about that number, because during theentire

decadeof the 1980s the number of Americans not in the labor force only roseby about

2.5 million.

#30Electricity bills in the United States have risen faster than the overall rate of

inflationfor five years in a row.

#31According toUSA Today, many Americans have actually seen their water bills triple

over the past 12 years.

#32There are now20.2 million Americansthat spend more than half of their incomes on

housing. That represents a 46 percent increase from 2001.

#33Right now, approximately25 millionAmerican adults are living with their parents.
http://search.twitter.com/search?q=%2318http://search.twitter.com/search?q=%2318http://www.latimes.com/business/money/la-fi-mo-middle-class-20120822,0,4728951.storyhttp://www.latimes.com/business/money/la-fi-mo-middle-class-20120822,0,4728951.storyhttp://www.latimes.com/business/money/la-fi-mo-middle-class-20120822,0,4728951.storyhttp://search.twitter.com/search?q=%2319http://search.twitter.com/search?q=%2319http://www.foxnews.com/politics/2012/08/22/middle-class-suffers-worst-decade-in-modern-history-report-says/http://www.foxnews.com/politics/2012/08/22/middle-class-suffers-worst-decade-in-modern-history-report-says/http://www.foxnews.com/politics/2012/08/22/middle-class-suffers-worst-decade-in-modern-history-report-says/http://www.foxnews.com/politics/2012/08/22/middle-class-suffers-worst-decade-in-modern-history-report-says/http://search.twitter.com/search?q=%2320http://search.twitter.com/search?q=%2320http://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-incomehttp://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-incomehttp://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-incomehttp://search.twitter.com/search?q=%2321http://search.twitter.com/search?q=%2321http://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-incomehttp://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-incomehttp://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-incomehttp://search.twitter.com/search?q=%2322http://search.twitter.com/search?q=%2322http://thetruthwins.com/archives/77-percent-of-all-americans-live-paycheck-to-paycheck-at-least-part-of-the-timehttp://thetruthwins.com/archives/77-percent-of-all-americans-live-paycheck-to-paycheck-at-least-part-of-the-timehttp://thetruthwins.com/archives/77-percent-of-all-americans-live-paycheck-to-paycheck-at-least-part-of-the-timehttp://search.twitter.com/search?q=%2323http://search.twitter.com/search?q=%2323http://research.stlouisfed.org/fred2/series/LNS12300001http://research.stlouisfed.org/fred2/series/LNS12300001http://research.stlouisfed.org/fred2/series/LNS12300001http://research.stlouisfed.org/fred2/series/LNS12300001http://research.stlouisfed.org/fred2/series/LNS12300001http://search.twitter.com/search?q=%2324http://search.twitter.com/search?q=%2324http://research.stlouisfed.org/fred2/data/UEMPMEAN.txthttp://research.stlouisfed.org/fred2/data/UEMPMEAN.txthttp://research.stlouisfed.org/fred2/data/UEMPMEAN.txthttp://search.twitter.com/search?q=%2325http://search.twitter.com/search?q=%2325http://www.andmagazine.com/content/phoenix/12635.htmlhttp://www.andmagazine.com/content/phoenix/12635.htmlhttp://www.andmagazine.com/content/phoenix/12635.htmlhttp://www.andmagazine.com/content/phoenix/12635.htmlhttp://search.twitter.com/search?q=%2326http://search.twitter.com/search?q=%2326http://blogs.wsj.com/washwire/2012/09/18/the-data-behind-romneys-47-comments/http://blogs.wsj.com/washwire/2012/09/18/the-data-behind-romneys-47-comments/http://blogs.wsj.com/washwire/2012/09/18/the-data-behind-romneys-47-comments/http://search.twitter.com/search?q=%2327http://search.twitter.com/search?q=%2327http://endoftheamericandream.com/archives/more-than-100-million-americans-are-on-welfarehttp://endoftheamericandream.com/archives/more-than-100-million-americans-are-on-welfarehttp://endoftheamericandream.com/archives/more-than-100-million-americans-are-on-welfarehttp://www.weeklystandard.com/blogs/over-100-million-now-receiving-federal-welfare_649589.htmlhttp://www.weeklystandard.com/blogs/over-100-million-now-receiving-federal-welfare_649589.htmlhttp://www.weeklystandard.com/blogs/over-100-million-now-receiving-federal-welfare_649589.htmlhttp://search.twitter.com/search?q=%2328http://search.twitter.com/search?q=%2328http://theeconomiccollapseblog.com/archives/more-than-half-of-all-americans-are-at-least-partially-dependent-on-the-governmenthttp://theeconomiccollapseblog.com/archives/more-than-half-of-all-americans-are-at-least-partially-dependent-on-the-governmenthttp://theeconomiccollapseblog.com/archives/more-than-half-of-all-americans-are-at-least-partially-dependent-on-the-governmenthttp://search.twitter.com/search?q=%2329http://search.twitter.com/search?q=%2329http://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://search.twitter.com/search?q=%2330http://search.twitter.com/search?q=%2330http://www.usatoday.com/money/industries/energy/story/2011-12-13/electric-bills/51840042/1?loc=interstitialskiphttp://www.usatoday.com/money/industries/energy/story/2011-12-13/electric-bills/51840042/1?loc=interstitialskiphttp://www.usatoday.com/money/industries/energy/story/2011-12-13/electric-bills/51840042/1?loc=interstitialskiphttp://search.twitter.com/search?q=%2331http://search.twitter.com/search?q=%2331http://www.usatoday.com/story/money/business/2012/09/27/rising-water-rates/1595651/http://www.usatoday.com/story/money/business/2012/09/27/rising-water-rates/1595651/http://www.usatoday.com/story/money/business/2012/09/27/rising-water-rates/1595651/http://search.twitter.com/search?q=%2332http://search.twitter.com/search?q=%2332http://www.huffingtonpost.com/2012/06/13/housing-costs-half-of-income_n_1587865.htmlhttp://www.huffingtonpost.com/2012/06/13/housing-costs-half-of-income_n_1587865.htmlhttp://www.huffingtonpost.com/2012/06/13/housing-costs-half-of-income_n_1587865.htmlhttp://search.twitter.com/search?q=%2333http://search.twitter.com/search?q=%2333http://moneyland.time.com/2012/02/14/romance-real-estate-how-your-housing-situation-affects-your-love-life/#ixzz1n85dX0xmhttp://moneyland.time.com/2012/02/14/romance-real-estate-how-your-housing-situation-affects-your-love-life/#ixzz1n85dX0xmhttp://moneyland.time.com/2012/02/14/romance-real-estate-how-your-housing-situation-affects-your-love-life/#ixzz1n85dX0xmhttp://moneyland.time.com/2012/02/14/romance-real-estate-how-your-housing-situation-affects-your-love-life/#ixzz1n85dX0xmhttp://search.twitter.com/search?q=%2333http://www.huffingtonpost.com/2012/06/13/housing-costs-half-of-income_n_1587865.htmlhttp://search.twitter.com/search?q=%2332http://www.usatoday.com/story/money/business/2012/09/27/rising-water-rates/1595651/http://search.twitter.com/search?q=%2331http://www.usatoday.com/money/industries/energy/story/2011-12-13/electric-bills/51840042/1?loc=interstitialskiphttp://search.twitter.com/search?q=%2330http://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://research.stlouisfed.org/fred2/data/LNS15000000.txthttp://search.twitter.com/search?q=%2329http://theeconomiccollapseblog.com/archives/more-than-half-of-all-americans-are-at-least-partially-dependent-on-the-governmenthttp://search.twitter.com/search?q=%2328http://www.weeklystandard.com/blogs/over-100-million-now-receiving-federal-welfare_649589.htmlhttp://endoftheamericandream.com/archives/more-than-100-million-americans-are-on-welfarehttp://search.twitter.com/search?q=%2327http://blogs.wsj.com/washwire/2012/09/18/the-data-behind-romneys-47-comments/http://search.twitter.com/search?q=%2326http://www.andmagazine.com/content/phoenix/12635.htmlhttp://www.andmagazine.com/content/phoenix/12635.htmlhttp://search.twitter.com/search?q=%2325http://research.stlouisfed.org/fred2/data/UEMPMEAN.txthttp://search.twitter.com/search?q=%2324http://research.stlouisfed.org/fred2/series/LNS12300001http://research.stlouisfed.org/fred2/series/LNS12300001http://search.twitter.com/search?q=%2323http://thetruthwins.com/archives/77-percent-of-all-americans-live-paycheck-to-paycheck-at-least-part-of-the-timehttp://search.twitter.com/search?q=%2322http://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-incomehttp://search.twitter.com/search?q=%2321http://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-incomehttp://search.twitter.com/search?q=%2320http://www.foxnews.com/politics/2012/08/22/middle-class-suffers-worst-decade-in-modern-history-report-says/http://www.foxnews.com/politics/2012/08/22/middle-class-suffers-worst-decade-in-modern-history-report-says/http://search.twitter.com/search?q=%2319http://www.latimes.com/business/money/la-fi-mo-middle-class-20120822,0,4728951.storyhttp://search.twitter.com/search?q=%2318


4/6

#34As the economy has slowed down, so has the number of marriages. According to a

Pew Research Center analysis, only51 percentof all Americans that are at least 18 years

old are currently married. Back in 1960,72 percentof all U.S. adults were married.

#35At this point, only24.6 percentof all jobs in the United States are good jobs.

#36In 1999,64.1 percentof all Americans were covered by employment-based healthinsurance. Today, only55.1 percentare covered by employment-based health insurance.

#37Recently it was announced that total student loan debt in the United States has

passedthe one trillion dollar mark.

#38If you can believe it, one out of every seven Americanshas at least 10 credit cards.

#39One survey of business executives has rankedCaliforniaas the worst state in America

to do businessfor 8 years in a row.

#40In the city ofDetroittoday,more than 50 percentof all children are living in poverty,

andclose to 50 percentof all adults are functionally illiterate.

#41It is being projected thathalf of all American childrenwill be on food stamps at least

once before they turn 18 years of age.

#42More than three times as many new homes were sold in the United States in 2005as

will be sold in 2012.

#43If you can believe it,53 percentof all Americans with a bachelors degree under the

age of 25 were either unemployed or underemployed last year.

#44The U.S. economy continues to tradegood paying jobsfor low paying jobs. 60

percentof the jobs lost during the last recession were mid-wage jobs, but58 percentof the

jobs created since then have been low wage jobs.

#45Our trade deficit with China in 2011 was$295.5 billion. That was the largest trade

deficit that one country has had with another country in the history of the planet.

#46The United States has lost an average of approximately50,000 manufacturing jobsa

month since China joined the World Trade Organization in 2001.

#47According to the Economic Policy Institute, America is losinghalf a million jobsto

China every single year.

#48The U.S. tax code is now more than3.8 millionwords long. If you took all of William

Shakespeares works and collected them together, the entire collection would only be about

900,000 words long.

#49According to the IMF, the global elite are holding a total of18 trillion dollarsin offshore

banking havens such as the Cayman Islands.

#50The value of the U.S. dollar has declinedby more than 96 percentsince the Federal

Reserve was first created.

#512012 was thethird year in a rowthat the yield for corn has declined in the United

States.
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ployedhttp://search.twitter.com/search?q=%2344http://search.twitter.com/search?q=%2344http://theeconomiccollapseblog.com/archives/from-good-jobs-to-bad-jobs-to-no-jobs-the-tragic-downfall-of-the-american-workerhttp://theeconomiccollapseblog.com/archives/from-good-jobs-to-bad-jobs-to-no-jobs-the-tragic-downfall-of-the-american-workerhttp://theeconomiccollapseblog.com/archives/from-good-jobs-to-bad-jobs-to-no-jobs-the-tragic-downfall-of-the-american-workerhttp://theeconomiccollapseblog.com/archives/economic-failure-58-percent-of-the-jobs-being-created-are-low-paying-jobshttp://theeconomiccollapseblog.com/archives/economic-failure-58-percent-of-the-jobs-being-created-are-low-paying-jobshttp://theeconomiccollapseblog.com/archives/economic-failure-58-percent-of-the-jobs-being-created-are-low-paying-jobshttp://theeconomiccollapseblog.com/archives/economic-failure-58-percent-of-the-jobs-being-created-are-low-paying-jobshttp://theeconomiccollapseblog.com/archives/economic-failure-58-percent-of-the-jobs-being-created-are-low-paying-jobshttp://theeconomiccollapseblog.com/archives/economic-failure-58-percent-of-the-jobs-being-created-are-low-paying-jobshttp://search.twitter.com/search?q=%2345http://search.twitter.com/search?q=%2345http://www.usatoday.com/money/economy/story/2012-05-10/march-trade-deficit/54871710/1http://www.usatoday.com/money/economy/story/2012-05-10/march-trade-deficit/54871710/1http://www.usatoday.com/money/economy/story/2012-05-10/march-trade-deficit/54871710/1http://search.twitter.com/search?q=%2346http://search.twitter.com/search?q=%2346http://www.forbes.com/sites/beltway/2011/02/14/intelligence-community-fears-u-s-manufacturing-decline/http://www.forbes.com/sites/beltway/2011/02/14/intelligence-community-fears-u-s-manufacturing-decline/http://www.forbes.com/sites/beltway/2011/02/14/intelligence-community-fears-u-s-manufacturing-decline/http://search.twitter.com/search?q=%2347http://search.twitter.com/search?q=%2347http://economyincrisis.org/content/trade-deficit-china-could-cost-half-million-jobshttp://economyincrisis.org/content/trade-deficit-china-could-cost-half-million-jobshttp://economyincrisis.org/content/trade-deficit-china-could-cost-half-million-jobshttp://search.twitter.com/search?q=%2348http://search.twitter.com/search?q=%2348http://www.taxfoundation.org/press/show/28121.htmlhttp://www.taxfoundation.org/press/show/28121.htmlhttp://www.taxfoundation.org/press/show/28121.htmlhttp://search.twitter.com/search?q=%2349http://search.twitter.com/search?q=%2349http://theeconomiccollapseblog.com/archives/the-global-elite-are-hiding-18-trillion-dollars-in-offshore-bankshttp://theeconomiccollapseblog.com/archives/the-global-elite-are-hiding-18-trillion-dollars-in-offshore-bankshttp://theeconomiccollapseblog.com/archives/the-global-elite-are-hiding-18-trillion-dollars-in-offshore-bankshttp://search.twitter.com/search?q=%2350http://search.twitter.com/search?q=%2350http://endoftheamericandream.com/archives/is-the-federal-reserve-doing-a-good-jobhttp://endoftheamericandream.com/archives/is-the-federal-reserve-doing-a-good-jobhttp://endoftheamericandream.com/archives/is-the-federal-reserve-doing-a-good-jobhttp://search.twitter.com/search?q=%2351http://search.twitter.com/search?q=%2351http://buzz.money.cnn.com/2012/08/09/corn-prices-record/?hpt=hp_t3http://buzz.money.cnn.com/2012/08/09/corn-prices-record/?hpt=hp_t3http://buzz.money.cnn.com/2012/08/09/corn-prices-record/?hpt=hp_t3http://buzz.money.cnn.com/2012/08/09/corn-prices-record/?hpt=hp_t3http://search.twitter.com/search?q=%2351http://endoftheamericandream.com/archives/is-the-federal-reserve-doing-a-good-jobhttp://search.twitter.com/search?q=%2350http://theeconomiccollapseblog.com/archives/the-global-elite-are-hiding-18-trillion-dollars-in-offshore-bankshttp://search.twitter.com/search?q=%2349http://www.taxfoundation.org/press/show/28121.htmlhttp://search.twitter.com/search?q=%2348http://economyincrisis.org/content/trade-deficit-china-could-cost-half-million-jobshttp://search.twitter.com/search?q=%2347http://www.forbes.com/sites/beltway/2011/02/14/intelligence-community-fears-u-s-manufacturing-decline/http://search.twitter.com/search?q=%2346http://www.usatoday.com/money/economy/story/2012-05-10/march-trade-deficit/54871710/1http://search.twitter.com/search?q=%2345http://theeconomiccollapseblog.com/archives/economic-failure-58-percent-of-the-jobs-being-created-are-low-paying-jobshttp://theeconomiccollapseblog.com/archives/economic-failure-58-percent-of-the-jobs-being-created-are-low-paying-jobshttp://theeconomiccollapseblog.com/archives/economic-failure-58-percent-of-the-jobs-being-created-are-low-paying-jobshttp://theeconomiccollapseblog.com/archives/from-good-jobs-to-bad-jobs-to-no-jobs-the-tragic-downfall-of-the-american-workerhttp://search.twitter.com/search?q=%2344http://theeconomiccollapseblog.com/archives/53-percent-of-all-young-college-graduates-in-america-are-either-unemployed-or-underemployedhttp://search.twitter.com/search?q=%2343http:/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5/6

#52Experts are telling us that global food reserves have reached their lowest level in

almost 40 years.

#53One recent survey discovered that40 percentof all Americans have $500 or less in

savings.

#54If you can believe it, one recent survey found that28 percentof all Americans do nothave a single penny saved for emergencies.

#55Medical costs related to obesity in the United States are estimated to be

approximately$147 billiona year.

#56Corporate profits as a percentage of GDP are at anall-time high. Meanwhile, wages as

a percentage of GDP are near anall-time low.

#57Today, the wealthiest 1 percent of all Americans own more wealth than the bottom 95

percentcombined.

#58Thewealthiest 400 familiesin the United States have about as much wealth as the

bottom 50 percent of all Americans combined.

#59The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal

to thebottom 30 percentof all Americans combined.

#60At this point, the poorest 50 percent of all Americans collectively ownjust 2.5%of all

the wealth in the United States.

#61Nearly 500,000 federal employees now makeat least $100,000 a year.

#62In 2006, only12 percentof all federal workers made $100,000 or more per

year. Now, approximately22 percentof all federal workers do.

#63If you can believe it, there are77,000 federal workersthat make more than the

governors of their own states do.

#64Nearly 15,000retired federal workers are collecting federal pensions for life worth at

least $100,000 annually. The list includes such names as Newt Gingrich, Bob Dole, Trent

Lott, Dick Gephardt and Dick Cheney.

#65U.S. taxpayers spendmore than 20 times as muchon the Obamas as British taxpayers

spend on the royal family.

#66Family homelessness in the Washington D.C. region (one of the wealthiest regions in

the entire country)has risen 23 percentsince the last recession began.

#67If Bill Gates gave every single penny of his fortune to the U.S. government, it would

only cover the U.S. budget deficitfor about 15 days.

#68During fiscal year 2012,62 percentof the federal budget was spent on entitlements.

#69Back in 1965, only one out of every 50 Americans was on

Medicaid. Today,approximately one out of every 6Americans is on Medicaid.

#70It is being projected that Obamacare will add16 million more Americansto the

Medicaid rolls.
http://search.twitter.com/search?q=%2352http://search.twitter.com/search?q=%2352http://thetruthwins.com/archives/global-food-reserves-have-reached-their-lowest-level-in-almost-40-yearshttp://thetruthwins.com/archives/global-food-reserves-have-reached-their-lowest-level-in-almost-40-yearshttp://thetruthwins.com/archives/global-food-reserves-have-reached-their-lowest-level-in-almost-40-yearshttp://thetruthwins.com/archives/global-food-reserves-have-reached-their-lowest-level-in-almost-40-yearshttp://search.twitter.com/search?q=%2353http://search.twitter.com/search?q=%2353http://philadelphia.cbslocal.com/2012/10/19/survey-40-percent-of-americans-have-500-or-less-in-savings/http://philadelphia.cbslocal.com/2012/10/19/survey-40-percent-of-americans-have-500-or-less-in-savings/http://philadelphia.cbslocal.com/2012/10/19/survey-40-percent-of-americans-have-500-or-less-in-savings/http://search.twitter.com/search?q=%2354http://search.twitter.com/search?q=%2354http://money.cnn.com/2012/06/25/pf/emergency-savings/index.htm?iid=HP_LNhttp://money.cnn.com/2012/06/25/pf/emergency-savings/index.htm?iid=HP_LNhttp://money.cnn.com/2012/06/25/pf/emergency-savings/index.htm?iid=HP_LNhttp://search.twitter.com/search?q=%2355http://search.twitter.com/search?q=%2355http://www.usatoday.com/news/health/story/2012-05-07/obesity-projections-adults/54791430/1http://www.usatoday.com/news/health/story/2012-05-07/obesity-projections-adults/54791430/1http://www.usatoday.com/news/health/story/2012-05-07/obesity-projections-adults/54791430/1http://search.twitter.com/search?q=%2356http://search.twitter.com/search?q=%2356http://theeconomiccollapseblog.com/archives/we-are-witnessing-the-death-of-small-business-in-americahttp://theeconomiccollapseblog.com/archives/we-are-witnessing-the-death-of-small-business-in-americahttp://theeconomiccollapseblog.com/archives/we-are-witnessing-the-death-of-small-business-in-americahttp://theeconomiccollapseblog.com/archives/we-are-witnessing-the-death-of-small-business-in-americahttp://theeconomiccollapseblog.com/archives/we-are-witnessing-the-death-of-small-business-in-americahttp://theeconomiccollapseblog.com/archives/we-are-witnessing-the-death-of-small-business-in-americahttp://search.twitter.com/search?q=%2357http://search.twitter.com/search?q=%2357http://www.huffingtonpost.com/chuck-collins/the-99-percent-spring-and_b_1395812.htmlhttp://www.huffingtonpost.com/chuck-collins/the-99-percent-spring-and_b_1395812.htmlhttp://www.huffingtonpost.com/chuck-collins/the-99-percent-spring-and_b_1395812.htmlhttp://search.twitter.com/search?q=%2358http://search.twitter.com/search?q=%2358http://www.guardian.co.uk/commentisfree/cifamerica/2011/sep/13/american-middle-class-povertyhttp://www.guardian.co.uk/commentisfree/cifamerica/2011/sep/13/american-middle-class-povertyhttp://www.guardian.co.uk/commentisfree/cifamerica/2011/sep/13/american-middle-class-povertyhttp://search.twitter.com/search?q=%2359http://search.twitter.com/search?q=%2359http://www.washingtonpost.com/blogs/blogpost/post/wal-mart-heirs-have-same-net-worth-as-the-bottom-30-percent-of-americans/2011/12/09/gIQAkg6FiO_blog.htmlhttp://www.washingtonpost.com/blogs/blogpost/post/wal-mart-heirs-have-same-net-worth-as-the-bottom-30-percent-of-americans/2011/12/09/gIQAkg6FiO_blog.htmlhttp://www.washingtonpost.com/blogs/blogpost/post/wal-mart-heirs-have-same-net-worth-as-the-bottom-30-percent-of-americans/2011/12/09/gIQAkg6FiO_blog.htmlhttp://search.twitter.com/search?q=%2360http://search.twitter.com/search?q=%2360http://www.businessinsider.com/facts-about-inequality-in-america-2011-11#half-of-america-owns-25-of-countrys-wealth-the-top-1-owns-a-third-of-it-2http://www.businessinsider.com/facts-about-inequality-in-america-2011-11#half-of-america-owns-25-of-countrys-wealth-the-top-1-owns-a-third-of-it-2http://www.businessinsider.com/facts-about-inequality-in-america-2011-11#half-of-america-owns-25-of-countrys-wealth-the-top-1-owns-a-third-of-it-2http://search.twitter.com/search?q=%2361http://search.twitter.com/search?q=%2361http://www.breitbart.com/Big-Government/2012/08/20/Federal-workers-earn-twice-as-much-as-private-workershttp://www.breitbart.com/Big-Government/2012/08/20/Federal-workers-earn-twice-as-much-as-private-workershttp://www.breitbart.com/Big-Government/2012/08/20/Federal-workers-earn-twice-as-much-as-private-workershttp://search.twitter.com/search?q=%2362http://search.twitter.com/search?q=%2362http://www.usatoday.com/news/washington/story/2011-12-26/federal-starting-salaries/52236360/1http://www.usatoday.com/news/washington/story/2011-12-26/federal-starting-salaries/52236360/1http://www.usatoday.com/news/washington/story/2011-12-26/federal-starting-salaries/52236360/1http://www.usatoday.com/news/washington/story/2011-12-26/federal-starting-salaries/52236360/1http://www.usatoday.com/news/washington/story/2011-12-26/federal-starting-salaries/52236360/1http://www.usatoday.com/news/washington/story/2011-12-26/federal-starting-salaries/52236360/1http://search.twitter.com/search?q=%2363http://search.twitter.com/search?q=%2363http://www.washingtonpost.com/blogs/federal-eye/post/report-77000-feds-earn-more-than-governors/2011/03/23/AGLmuUGH_blog.htmlhttp://www.washingtonpost.com/blogs/federal-eye/post/report-77000-feds-earn-more-than-governors/2011/03/23/AGLmuUGH_blog.htmlhttp://www.washingtonpost.com/blogs/federal-eye/post/report-77000-feds-earn-more-than-governors/2011/03/23/AGLmuUGH_blog.htmlhttp://search.twitter.com/search?q=%2364http://www.allgov.com/news/top-stories/thousands-of-federal-retirees-receive-100000-a-year-pensionsincluding-newt-gingrich?news=843922http://www.allgov.com/news/top-stories/thousands-of-federal-retirees-receive-100000-a-year-pensionsincluding-newt-gingrich?news=843922http://www.allgov.com/news/top-stories/thousands-of-federal-retirees-receive-100000-a-year-pensionsincluding-newt-gingrich?news=843922http://search.twitter.com/search?q=%2365http://search.twitter.com/search?q=%2365http://thetruthwins.com/archives/us-taxpayers-spent-1-4-billion-on-the-obamas-in-2012-british-taxpayers-only-spent-57-8-million-on-the-entire-royal-familyhttp://thetruthwins.com/archives/us-taxpayers-spent-1-4-billion-on-the-obamas-in-2012-british-taxpayers-only-spent-57-8-million-on-the-entire-royal-familyhttp://thetruthwins.com/archives/us-taxpayers-spent-1-4-billion-on-the-obamas-in-2012-british-taxpayers-only-spent-57-8-million-on-the-entire-royal-familyhttp://search.twitter.com/search?q=%2366http://search.twitter.com/search?q=%2366http://baltimore.cbslocal.com/2012/10/14/family-homelessness-is-on-the-rise/http://baltimore.cbslocal.com/2012/10/14/family-homelessness-is-on-the-rise/http://baltimore.cbslocal.com/2012/10/14/family-homelessness-is-on-the-rise/http://search.twitter.com/search?q=%2367http://search.twitter.com/search?q=%2367http://www.dailymail.co.uk/news/article-1390090/One-giant-debt-mankind-U-S-national-deficit-reach-moon-piled-high-5-bills.htmlhttp://www.dailymail.co.uk/news/article-1390090/One-giant-debt-mankind-U-S-national-deficit-reach-moon-piled-high-5-bills.htmlhttp://www.dailymail.co.uk/news/article-1390090/One-giant-debt-mankind-U-S-national-deficit-reach-moon-piled-high-5-bills.htmlhttp://search.twitter.com/search?q=%2368http://search.twitter.com/search?q=%2368http://www.heritage.org/federalbudget/budget-entitlement-programshttp://www.heritage.org/federalbudget/budget-entitlement-programshttp://www.heritage.org/federalbudget/budget-entitlement-programshttp://search.twitter.com/search?q=%2369http://search.twitter.com/search?q=%2369http://www.businessinsider.com/mary-meeker-usa-inc-february-24-2011-2http://www.businessinsider.com/mary-meeker-usa-inc-february-24-2011-2http://www.businessinsider.com/mary-meeker-usa-inc-february-24-2011-2http://search.twitter.com/search?q=%2370http://search.twitter.com/search?q=%2370http://news.investors.com/Article.aspx?id=598993&ibdbot=1&p=2http://news.investors.com/Article.aspx?id=598993&ibdbot=1&p=2http://news.investors.com/Article.aspx?id=598993&ibdbot=1&p=2http://news.investors.com/Article.aspx?id=598993&ibdbot=1&p=2http://search.twitter.com/search?q=%2370http://www.businessinsider.com/mary-meeker-usa-inc-february-24-2011-2http://search.twitter.com/search?q=%2369http://www.heritage.org/federalbudget/budget-entitlement-programshttp://search.twitter.com/search?q=%2368http://www.dailymail.co.uk/news/article-1390090/One-giant-debt-mankind-U-S-national-deficit-reach-moon-piled-high-5-bills.htmlhttp://search.twitter.com/search?q=%2367http://baltimore.cbslocal.com/2012/10/14/family-homelessness-is-on-the-rise/http://search.twitter.com/search?q=%2366http://thetruthwins.com/archives/us-taxpayers-spent-1-4-billion-on-the-obamas-in-2012-british-taxpayers-only-spent-57-8-million-on-the-entire-royal-familyhttp://search.twitter.com/search?q=%2365http://www.allgov.com/news/top-stories/thousands-of-federal-retirees-receive-100000-a-year-pensionsincluding-newt-gingrich?news=843922http://search.twitter.com/search?q=%2364http://www.washingtonpost.com/blogs/federal-eye/post/report-77000-feds-earn-more-than-governors/2011/03/23/AGLmuUGH_blog.htmlhttp://search.twitter.com/search?q=%2363http://www.usatoday.com/news/washington/story/2011-12-26/federal-starting-salaries/52236360/1http://www.usatoday.com/news/washington/story/2011-12-26/federal-starting-salaries/52236360/1http://search.twitter.com/search?q=%2362http://www.breitbart.com/Big-Government/2012/08/20/Federal-workers-earn-twice-as-much-as-private-workershttp://search.twitter.com/search?q=%2361http://www.businessinsider.com/facts-about-inequality-in-america-2011-11#half-of-america-owns-25-of-countrys-wealth-the-top-1-owns-a-third-of-it-2http://search.twitter.com/search?q=%2360http://www.washingtonpost.com/blogs/blogpost/post/wal-mart-heirs-have-same-net-worth-as-the-bottom-30-percent-of-americans/2011/12/09/gIQAkg6FiO_blog.htmlhttp://search.twitter.com/search?q=%2359http://www.guardian.co.uk/commentisfree/cifamerica/2011/sep/13/american-middle-class-povertyhttp://se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6/6

#71Medicare is also growing by leaps and bounds. As I wrote aboutrecently, it is being

projected that the number of Americans on Medicare will grow from 50.7 million in 2012

to73.2 millionin 2025.

#72Thanks to our foolish politicians (including Obama), Medicare is facing unfunded

liabilities of more than 38 trillion dollars over the next 75 years. That comes to

approximately$328,404for each and every household in the United States.

#73Amazingly, the U.S. national debt is now up to16.3 trillion dollars. When Barack

Obama first took office the national debt was just 10.6 trillion dollars.

#74During the first four years of the Obama administration, the U.S. government

accumulated about as much debt as it did from the time that George Washington took

officeto the time that George W. Bush took office.

#75Today, the U.S. national debt ismore than 5000 times largerthan it was when the

Federal Reserve was originally created back in 1913.
http://search.twitter.com/search?q=%2371http://search.twitter.com/search?q=%2371http://thetruthwins.com/archives/11-signs-that-the-u-s-health-care-system-is-heading-straight-down-the-toilethttp://thetruthwins.com/archives/11-signs-that-the-u-s-health-care-system-is-heading-straight-down-the-toilethttp://thetruthwins.com/archives/11-signs-that-the-u-s-health-care-system-is-heading-straight-down-the-toilethttp://theweek.com/article/index/231267/is-america-running-out-of-doctorshttp://theweek.com/article/index/231267/is-america-running-out-of-doctorshttp://theweek.com/article/index/231267/is-america-running-out-of-doctorshttp://search.twitter.com/search?q=%2372http://search.twitter.com/search?q=%2372http://cnsnews.com/news/article/medicare-faces-unfunded-liability-386t-or-328404-each-us-householdhttp://cnsnews.com/news/article/medicare-faces-unfunded-liability-386t-or-328404-each-us-householdhttp://cnsnews.com/news/article/medicare-faces-unfunded-liability-386t-or-328404-each-us-householdhttp://search.twitter.com/search?q=%2373http://search.twitter.com/search?q=%2373http://www.savingsbonds.gov/NP/BPDLogin?application=nphttp://www.savingsbonds.gov/NP/BPDLogin?application=nphttp://www.savingsbonds.gov/NP/BPDLogin?application=nphttp://search.twitter.com/search?q=%2374http://search.twitter.com/search?q=%2374http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htmhttp://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htmhttp://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htmhttp://search.twitter.com/search?q=%2375http://search.twitter.com/search?q=%2375http://theeconomiccollapseblog.com/archives/10-things-that-every-american-should-know-about-the-federal-reservehttp://theeconomiccollapseblog.com/archives/10-things-that-every-american-should-know-about-the-federal-reservehttp://theeconomiccollapseblog.com/archives/10-things-that-every-american-should-know-about-the-federal-reservehttp://theeconomiccollapseblog.com/archives/10-things-that-every-american-should-know-about-the-federal-reservehttp://search.twitter.com/search?q=%2375http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htmhttp://search.twitter.com/search?q=%2374http://www.savingsbonds.gov/NP/BPDLogin?application=nphttp://search.twitter.com/search?q=%2373http://cnsnews.com/news/article/medicare-faces-unfunded-liability-386t-or-328404-each-us-householdhttp://search.twitter.com/search?q=%2372http://theweek.com/article/index/231267/is-america-running-out-of-doctorshttp://thetruthwins.com/archives/11-signs-that-the-u-s-health-care-system-is-heading-straight-down-the-toilethttp://search.twitter.com/search?q=%2371

75 economic numbers from 2012 too crazy to believe

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