Things were much worse during the Great Depression, and we recovered from that.
Think about this: if the Fed can print money at will, why does it matter how much debt we're in?
Topic: US, the sinking Ship - page 2. (Read 1300 times)
During the first term of President Obama, the federal government has accumulated more debt then the first 42 presidents put together
If you want to repay all U.S. debt that Obama has made during his first term, payable at a rate of $ 1 per second, it would take 184,000 years to repay it.
The U.S. government steals its children and grandchildren every single hour $ 100 million.
According to the World Bank, the U.S. GDP in 2001 was 31.8% of total global economic output. By 2011, its share was 21.6%.
According to the British magazine The Economist, the U.S. in 1988 was the best place where you could have be born. Today, the U.S. Ranks 16th.
Since 2001 over 56.000 manufacturing facilities closed its doors forever in the U.S
Fewer Americans work In manufacturing industry today then in the 1950's but population is more then double
According to the New York Times, in Detroit there are currently about 70.000 buildings that have been abandoned.
When the Free Trade Agreement NAFTA was forced true by Congress in 1993, the United States reported a trade surplus of $ 1.6 billion against Mexico. By 2010, the external balance with Mexico turned into a trade deficit of 61.6 billion.
The U.S. trade deficit with China in 1985 was $ 6 million. 2012 the trade deficit with China was USD 315 billion.
According to the Economic Policy Institute, the United States loses every year half a million jobs to China.
Amazingly, 53% of all American workers currently earn less than $ 30,000 per year.
Small businesses currently dying at a staggering rate. The non-farm self-employemend rate is only 7%.
The richest one percent of the U.S. population has a larger net assets then the bottom 90% together.
According to Forbes magazine, the richest 400 Americans have more wealth than the poorest 150 million combined.
The six heirs of Wall-Mart founder Sam Walton collectively have more wealth than the bottom third together.
There are currently almost 80 different "needs-based social programs" in the U.S. And more than 100 million use at least one of them.
The unfunded liabilities of the state health insurance system amount to more than $ 38 trillion for the next 75 years. That is USD 328 404 for every household.
The state pension system has a funding gap of USD 134 trillion over the next 75 years.
The number of Americans who receive social assistance due to a disability, exceeds the population of Greece, and the number of Americans who rely on government food stamps, exceeds the population of Spain??
Over 1 million students who go to public schools are currently homeless. This is the first time in U.S. history that this is the case.
According to one calculation, the number of Americans who receive government food stamps, is larger than the population of the states:
"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 Iceland, South Dakota, Utah, Vermont, West Virginia and Wyoming " together.
If you want to repay all U.S. debt that Obama has made during his first term, payable at a rate of $ 1 per second, it would take 184,000 years to repay it.
The U.S. government steals its children and grandchildren every single hour $ 100 million.
According to the World Bank, the U.S. GDP in 2001 was 31.8% of total global economic output. By 2011, its share was 21.6%.
According to the British magazine The Economist, the U.S. in 1988 was the best place where you could have be born. Today, the U.S. Ranks 16th.
Since 2001 over 56.000 manufacturing facilities closed its doors forever in the U.S
Fewer Americans work In manufacturing industry today then in the 1950's but population is more then double
According to the New York Times, in Detroit there are currently about 70.000 buildings that have been abandoned.
When the Free Trade Agreement NAFTA was forced true by Congress in 1993, the United States reported a trade surplus of $ 1.6 billion against Mexico. By 2010, the external balance with Mexico turned into a trade deficit of 61.6 billion.
The U.S. trade deficit with China in 1985 was $ 6 million. 2012 the trade deficit with China was USD 315 billion.
According to the Economic Policy Institute, the United States loses every year half a million jobs to China.
Amazingly, 53% of all American workers currently earn less than $ 30,000 per year.
Small businesses currently dying at a staggering rate. The non-farm self-employemend rate is only 7%.
The richest one percent of the U.S. population has a larger net assets then the bottom 90% together.
According to Forbes magazine, the richest 400 Americans have more wealth than the poorest 150 million combined.
The six heirs of Wall-Mart founder Sam Walton collectively have more wealth than the bottom third together.
There are currently almost 80 different "needs-based social programs" in the U.S. And more than 100 million use at least one of them.
The unfunded liabilities of the state health insurance system amount to more than $ 38 trillion for the next 75 years. That is USD 328 404 for every household.
The state pension system has a funding gap of USD 134 trillion over the next 75 years.
The number of Americans who receive social assistance due to a disability, exceeds the population of Greece, and the number of Americans who rely on government food stamps, exceeds the population of Spain??
Over 1 million students who go to public schools are currently homeless. This is the first time in U.S. history that this is the case.
According to one calculation, the number of Americans who receive government food stamps, is larger than the population of the states:
"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 Iceland, South Dakota, Utah, Vermont, West Virginia and Wyoming " together.
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