However, as the numbers are reviewed in these posts, you will see that not only to our politicians not understand the underlying numbers and realities of our situation, they are the ones that have created such a horrid set of economic, financial, and other pessimistic statistics.
1) Consider the early 2013 Congressional Budget Office view of the Federal government budget if the current spending trend continues:
- The projected cost of the Federal government during the 10-year budget period from 2014-2023 is $47.2 trillion.
- Government spending will rise every year for every program (except for defense during the first few years), topping out at $5.94 trillion in annual spending in 2023.
- This trend is a rate of growth of about 6.7% per year, trouncing the growth of the private sector of just about any time in the history of the country.
- This $47.2 TRILLION in spending comes out to almost a whopping $400,000 per U.S. household or just under $40,000 a year.
2) The Bankrupting America website had the following depressing numbers on June 1, 2013:
- The economic GDP growth figures from the fourth-quarter of 2012 were revised down to 2.4% from 2.5%.
- After trillions of dollars diverted away from taxpayers and the free-market, to be spent on stimulating the economy, the great “recovery” we were promised and hear about so often is no where to be found.
- The number of Americans using food stamps is at an all time high of about 48 million Americans.
- The number of food stamp users grown 70% in the last five years, or since about the time Obama took office.
- As of April, over 16% of America’s youth were unemployed.
- America has also gone from being among the wealthy countries with the highest percentage of youth employment to now being ranked at the bottom of the list.
- The U-6 unemployment rate as of April was 13.9%, so nearly one in eight of America’s workforce is unemployed or underemployed.
3) President Obama has recently nominated Penny Pritzer to be his new Secretary of Commerce. Given that she is one of the richest people in the country with a Hyatt hotel-based personal wealth estimated at $1.5 billion, it makes you wonder why he would want her to work in her administration when her personal wealth is six times higher than what Mitt Romney’s personal wealth is and Obama did everything possible to make Romney look unfit for being President because he was “too wealthy.”
Oh, I forgot, Pritzer ran Obama’s 2008 fund raising effort which makes the $1.5 billion all right and Romney’s $250 million pure evil.
4) Let’s talk about our nation’s poverty reality, using statistics compiled by the website, www.mrconservative.com (for readers that do not believe anything just because it came from a conservative-leaning website, either skip the follow 21 numbers or do a little research to confirm or refute the website’s numbers research):
1 – According to the U.S. Census Bureau, approximately one out of every six Americans is now living in poverty, a level not seen since the 1960s.
2 – According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”.
3 – Approximately 20% of all children in the United States are living in poverty. A higher percentage of children is living in poverty in America today than was the case back in 1975, despite trillions of dollars spent since then to get rid of poverty.
4 – Approximately 57% of all children in the United States are currently living in homes that are either considered to be either “low income” or impoverished.
5 – At this point, 29.2% of all African-American households with children are dealing with food insecurity.
6 – 60% of all children in the city of Detroit are living in poverty.
7 – The number of children living on $2.00 a day or less in the United States has grown to 2.8 million. That number has increased by 130% since 1996.
8 – More than a million public school students in the United States are homeless. That number has risen by 57% since the 2006-2007 school year.
9 – Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23% since the last recession began.
10 – A recent university study estimates that child poverty costs the U.S. economy $500 billion each year.
11 – Approximately one out of every three children in the U.S. lives in a home without a father.
12 – Families that have a head of household under the age of 30 have a poverty rate of 37%.
13 – Today, there are approximately 20.2 million Americans that spend more than half of their incomes on housing, a 46% increase from 2001.
14 – About 40% of all unemployed workers in America have been out of work for at least six months.
15 – One out of every four American workers has a job that pays $10 an hour or less.
16 – There has been an explosion in the number of “working poor” Americans in recent years. Today, about one out of every four workers in the United States brings home wages that are at or below the poverty level.
17 – More than 100 million Americans are enrolled in at least one welfare program run by the Federal government, programs that do not include Social Security or Medicare.
18 – An all-time record 47.8 million Americans are now on food stamps. When Barack Obama first took office, that number was only sitting at about 32 million.
19 – The number of Americans on food stamps now exceeds the entire population of Spain
20 – 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.
21 – Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, close to one out of every six Americans is on food stamps. More than one out of every four children in the United States is enrolled in the food stamp program.
Kind of makes the anemic 2.4% economic growth in the fourth quarter of 2012 ring a even little hollow when you get below this large number to see these pathetic and heart wrenching smaller numbers.
Poor Americans, a very rich American, and explosive growth in government spending, the numbers are devastating and depressing. And we are not close to get through all of them.
Do you think term limits are a good idea yet?
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