75 Facts Revealed – How Is America Really Doing?

An amazing list of real facts was published by The Economic Collapse Blog, entitled 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe. An excellent article that presents 75 facts & figures, based on research or surveys, indicating the real state of the US. Reviewing those facts and comparing them with the messages in the mainstream media and the government, we see such a huge disconnect.

We selected what we consider “fundamental facts” based on the following themes:

Social drama (increasing poverty)

  • In December 2008, 31.6 million Americans were on food stamps.  Today, a new all-time record of 47.7 million Americans are 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”.
  • Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.
  • Right now, approximately 48 percent of all Americans are either considered to be “low income” or are living in poverty.
  • According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.
  • Today, the wealthiest 1 percent of all Americans own more wealth than the bottom 95 percent combined.
  • One recent survey discovered that 40 percent of all Americans have $500 or less in savings.

(Un)employment deteroriating

  • The percentage of working age Americans with a job has been under 59 percent for 39 months in a row.
  • If you can believe it, approximately one out of every four American workers makes 10 dollars an hour or less.
  • Barack Obama has been president for less than four years, and during that time the number of Americans “not in the labor force” has increased by nearly 8.5 million.  Something seems really “off” about that number, because during the entire decade of the 1980s the number of Americans “not in the labor force” only rose by about 2.5 million.

Economy deteroriating

Inflation

  • Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

What is the government doing about it?

Obviously, for the government everything is running fine, as the talks of the day are about the fiscal cliff. Indeed, this is what the talks are about (chart courtesy Marketwatch.com). Their signal is clear. Looking at the time and effort they spend on the fiscal cliff debate they clearly consider it more important than all of the above issues.

federal deficit vs fiscal cliff gold silver general But here are the real facts:

  • Amazingly, the U.S. national debt is now up to 16.3 trillion dollars.  When Barack Obama first took office the national debt was just 10.6 trillion dollars.
  • During 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 office to the time that George W. Bush took office.
  • Today, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was originally created back in 1913.
  • Thanks 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 $328,404 for each and every household in the United States.
  • 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.
  • During fiscal year 2012, 62 percent of the federal budget was spent on entitlements.

Let’s hope the real issues will be addressed voluntarily in 2013 and the years after. It will very sad if they need to be addressed because of force majeur.


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  • Zorba The Greek

    No doubt, considering the circumstances, we are headed for a rude awakening
    when a world-wide loss of confidence in U. S. debt occurs. This will happen sooner
    and more rapidly than most of us believe. The consequences will be far greater than
    anyone can imagine. God help us, the ensuing suffering will be beyond anything this
    country has ever endured, including the Great Depression.

  • hallucigenia

    “Amazingly, the U.S. national debt is now up to 16.3 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars.
    During 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 office to the time that George W. Bush took office.”

    Yes, but you forgot to mention that Obama inherited two wars (that coincided with a massive Bush tax cut) and a banking/housing crisis that occurred on his predecessor’s watch.
    And you forgot to quote Cheney: “Deficits don’t matter.”

  • Will J

    In any instance at any time, has knowing exactly who is to blame reduced the degree of agony or the amount of damage done? And what constitutionalist would suggest the Prez or federal gummint should be considered as a source of resolution to the crisis they caused? It has not escaped this reader that in your argument about debt accrual your history runs UP TO the inaguration of Bush, then OBAMA is mentionedl a void excluding the impactful Bush presidency in getting the country onto the slippery slope. Love Bush/ hate Obama all you want, but omitting Bush as pivotal in the demise of this nation is…. blindness exemplified. P.S. I did not vote for either.

  • Alex K

    Dear Zorba, there is nothing you or any American can do about the financial tsunami that will soon come crashing over the US and most of the western world, but the best action you can take to protect yourself and your family would be to buy some silver bullion and keep it safely stored from Banks! God bless you an all Americans, you will soon be living in very interesting times indeed. Gold will appreciate, silver will appreciate more as the FED, ECB and Bank of Japan continue to debase currencies..