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

Tyler Durden's picture

Compiled by Michael of Investment 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 the United 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...

#1 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”.

#2 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.

#3 According to 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.”

#4 According to one recent survey, 55 percent of all Americans have received money from a safety net program run by the federal government at some point in their lives.

#5 For the first time ever, more than a million public school students in the United States are homeless.  That number has risen by 57 percent since the 2006-2007 school year.

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

#7 Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

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

#9 In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed.  In November 2012, 58.7 percent of all working age Americans were employed.  It is more then 3 years later, and we are in the exact same place.

#10 When you total up all working age Americans that do not have a job in America today, it comes to more than 100 million.

#11 According to one recent survey, 55 percent of all small business owners in America “say they would not start a business today given what they know now and in the current environment.”

#12 The number of jobs at new small businesses continues to decline.  According to economist Tim Kane, the following is how the decline in the number of startup jobs per 1000 Americans breaks down by presidential administration

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

#13 The U.S. share of global GDP has fallen from 31.8 percent in 2001 to 21.6 percent in 2011.

#14 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#15 There are four major U.S. banks that each have more than 40 trillion dollars of exposure to derivatives.

#16 In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million.

#17 According to the Pew Research Center, 61 percent of all Americans were “middle income” back in 1971.  Today, only 51 percent of all Americans are.

#18 The Pew Research Center has also found that 85 percent of all middle class Americans say that it is harder to maintain a middle class standard of living today than it was 10 years ago.

#19 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.

#20 Right now, approximately 48 percent of all Americans are either considered to be “low income” or are living in poverty.

#21 Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.

#22 According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.

#23 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percentof all men in the United States have jobs.

#24 The average amount of time that an unemployed worker stays out of work in the United States is 40 weeks.

#25 If you can believe it, approximately one out of every four American workers makes 10 dollars an hour or less.

#26 According to the U.S. Census Bureau, an all-time record 49 percent of 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.

#27 Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government.  And that does not even count Social Security or Medicare.  Overall, there are almost 80 different “means-tested welfare programs” that the federal government is currently running.

#28 When you account for all government transfer payments and all forms of government employment, more than half of all Americans are now at least partially financially dependent on the government.

#29 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.

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

#31 According to USA Today, many Americans have actually seen their water bills triple over the past 12 years.

#32 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#33 Right now, approximately 25 million American adults are living with their parents.

#34 As the economy has slowed down, so has the number of marriages.  According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married.  Back in 1960, 72 percent of all U.S. adults were married.

#35 At this point, only 24.6 percent of all jobs in the United States are good jobs.

#36 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

#37 Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

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

#39 One survey of business executives has ranked California as the worst state in America to do business for 8 years in a row.

#40 In the city of Detroit today, more than 50 percent of all children are living in poverty, and close to 50 percent of all adults are functionally illiterate.

#41 It is being projected that half of all American children will be on food stamps at least once before they turn 18 years of age.

#42 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

#43 If you can believe it, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed last year.

#44 The U.S. economy continues to trade good paying jobs for low paying jobs.  60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#45 Our 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.

#46 The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#47 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

#48 The U.S. tax code is now more than 3.8 million words long.  If you took all of William Shakespeare’s works and collected them together, the entire collection would only be about 900,000 words long.

#49 According to the IMF, the global elite are holding a total of 18 trillion dollars in offshore banking havens such as the Cayman Islands.

#50 The value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.

#51 2012 was the third year in a row that the yield for corn has declined in the United States.

#52 Experts are telling us that global food reserves have reached their lowest level in almost 40 years.

#53 One recent survey discovered that 40 percent of all Americans have $500 or less in savings.

#54 If you can believe it, one recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.

#55 Medical costs related to obesity in the United States are estimated to be approximately $147 billion a year.

#56 Corporate profits as a percentage of GDP are at an all-time high.  Meanwhile, wages as a percentage of GDP are near an all-time low.

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

#58 The wealthiest 400 families in the United States have about as much wealth as the bottom 50 percent of all Americans combined.

#59 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percentof all Americans combined.

#60 At this point, the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

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

#62 In 2006, only 12 percent of all federal workers made $100,000 or more per year.  Now, approximately 22 percent of all federal workers do.

#63 If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.

#64 Nearly 15,000 retired 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.

#65 U.S. taxpayers spend more than 20 times as much on the Obamas as British taxpayers spend on the royal family.

#66 Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.

#67 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.

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

#69 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, approximately one out of every 6 Americans is on Medicaid.

#70 It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#71 Medicare is also growing by leaps and bounds.  As I wrote about recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

#72 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.

#73 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.

#74 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.

#75 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.

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francis_sawyer's picture

In reference to #75... Put that fucking chart [from the other day] back up that made parallel WARS to PAPER DEBT... Then ~ go about understanding who is the beneficiary of that debt [& what their RISK was]... That's all you need to know about anything...

TruthInSunshine's picture

The best part about debt-fueled growth is that the payments on consumption can be delayed.

The worst part about debt-fueled growth is that the bills inevitably come due.

The Bernank, as just one of the puppet front men for the Merry League of Extraordinary Fractional Fiat Ogilopolists, wishes all debt slaves a very indebted Holiday Season & New Year, bitchez.

flacon's picture

"#13 The U.S. share of global GDP has fallen from 31.8 percent in 2001 to 21.6 percent in 2011."

 

That's actually a good thing since according to Keynes' equation GDP = GOVERNMENT SPENDING. The lower the GDP the better IMHO. In fact we need negative GDP. 

NotApplicable's picture

Well, what we need is a GDP calc that subtracts government spending from GDP, as it is a consumption of gross product, not a manufacture of it.

Lednbrass's picture

Want to see some really depressing numbers? Make a list of GDP for every year for the last 30 years, subtract government deficit spending then adjust for inflation. The resulting picture is pure ugly, our real economy has been contracting for a very long time.  I only went back to 1980 but I suspect it can be traced for at least a decade before that.

Pseudo Anonym's picture

[...] our real economy has been contracting for a very long time.

that happens everytime the gullible public lets hofjuden manage other people's money - theft; that tribe is well known for it

Michaelwiseguy's picture

This should be on the front page of ZH. Bloggers are hammering the elite and winning. This really is a must see.

Ex CIA agent explains how to delete the elite! http://www.youtube.com/watch?v=WLr8ZvgURg0&feature=related
Sudden Debt's picture

It's not the elite that's the problem. It's the 99% who is fat, lazy and stupid.

Bollixed's picture

I know she's 99% fat, but leave my mother-in-law out of this...

markmotive's picture

Here's a fact from the mouth of Jeff Gundlach: "The next recession will be a killer"

http://www.planbeconomics.com/2012/12/18/full-jeffery-gundlach-interview...

Forget the past...it's the future you need to worry about.

prains's picture

If only it was 69 economic numbers to crazy to believe then it would have made more sense

because in this economy somebody has to end up with somebody elses bum in their nose.

GetZeeGold's picture

 

 

 

Welcome aboard the Titanic. Sit back and enjoy the ride.

 

Next stop New York.......we hope.

flattrader's picture

In regards to War/Debt issue

>>>In reference to #75... Put that fucking chart [from the other day] back up that made parallel WARS to PAPER DEBT<<<

Not certain which chart your are reffering to, but see the charts at the end of this document.

http://costsofwar.org/sites/default/files/articles/29/attachments/Edward...

Yes.  Everyone need to get a clue.

Cell phones are not the problem.

 

OutLookingIn's picture

No matter which way,

you cut the cake -

Its over done.

U. S. of A. is done.

Put a fork in it.

Say 'Good Night' Gracey...  

Sudden Debt's picture

and all they can figure out is.... to solve the pension problems... they feel that people need to work longer...
but nothing to create jobs...
just raise taxes...

there simply isn't a answer to our problems. we reached the tipping point in 2007. The only thing that hasn't happened is that the 99% don't realize what's happened and happening.

I'm not the 99%...
I'm not rich. But for me, the 99% reflects being a total moron with no interests in the world around you.

The 99% will not have seen it comming... they waited for that sign of God to warn them which is hitting them in the face every day.

But why would they want to see it?
If they would want to see it, they would need to do something.
They expect "smarter people" to tell them what is happening and what they should do.
But they don't know who the smart people are. And no... It's not BoBo the clown.

The 99% believe all will be fine in the end.

The 99% believe the good guys will win in the end. But who are the good guys?
Are the 99% the good guys who onyl want to buy the cheap stuff made by slave labor and child labor?
Are the 99% the good guys because they feel they should get a good job just because? without doing anything?

We already lost 1 generation. The 99% thinks we risk on losing a generation.

The 99% rather buy a iPhone instead of buying a roll of silver eagles.
the iPhone is old after 12 months and needs to be replaced. the phone bills take out 7% on average out of their budget.

The 99% all want a smartphone that can take pictures. they want to create the news. But don't bother to read the real news.
Their news of interest is "sex with pregnant woman" "LED screens at super discounts"... the 99% isn't interested in politics.
But the 99% feels that the politicians should GIVE THEM the tax money. To spend it on THEM. SO THEY DON'T NEED TO WORK.

People hate work. More Quality time.... in front of the television, holding a iPad, ignoring their kids.

The 99% are the problem.
The 99-% should protest against themselves.
The 99% should read up before they open up their mouth.
The 99% should shut up if they bought more cheap plastic crap than they use.
The 99% should shut the fuck up and take it in the ass. And if not.... they should do something about it.
NOT just protest to get more money without effort.

Everybody says our parents had it better... but they worked a lot harder than we do.

They had a lot less than we do at their age.

Crisis? Poor? Go talk to a african or a Indian or a South American and ask them what poor means.

Wednesday, I had a young kid complaining he didn't make enoughh money. He had trouble paying for a 2 week vacation to spain this christmass.... WHAT?!?!

That isn't normal! Not every job should allow you to go on vacation twice a year and do 50 citytrips a year!

Everybody wants it all. The lowest paying jobbers think they should have the same what the top jobbers have!

I have employees who brag they have a bigger car than me!
But I can pay for mine!

The mirrage... that's what destroying the western world.
And to get better... the mirrage needs to vanish. And that is what will hurt the 99% and drive most of them to suicide.

Take a pill, shut yourself out from the real world, ignore it all, put your head into the sand! And everything will fix itself... sure...

klockwerks's picture

  Sudden debt,True that. Not sure of the 99% buyt 90% seems very realistic. They are completly unaware and do not want to know squat. When it crashes, sooner then later I'm afraid, they will wonder what happened and why no one let them know, DUH!

willwork4food's picture

Not even 90%. I would give it 40% that reality will hit them in the face like a wet tuna in the morning after a night out on the town. Even that is a huge enough number to rattle the other 60% and bring nightmares.

TuPhat's picture

When I read Zero Hedge my family says, Dad's reading that doom and gloom stuff again.  They don't think it's real.  I try to prepare in  spite of that but it ain't easy.

Harbanger's picture

The MSM is responsible for keeping people in the dark.  Who do you suppose they are going to blame for the crash?  And who do you suppose they will promote as coming to our rescue?   Forward!

sun tzu's picture

I would say closer to 50% are clueless

Seer's picture

Perhaps people feel powerless?  Imagine having a family and then something horrific happens that results in severe economic hardship.  What are you going to do?

A lot of people talk tough (and many like to inflate themselves by denigrating others), but I doubt they've got the mettle to handle when it gets tough.

Yes, there are LOTS of people who are gleefully ignorant.  Look in the mirror and proclaim yourself fortunate to have been born knowing how things work.  Huh?  You weren't born knowing?  Alrighty then... At what point did you become knowing? My POINT is that everyone comes to "know" at their own time and pace.  OK... some will likely never "know," but then again, are we so certain that we "know?" (if you're still thinking that perpetual growth on a finite planet is possible then you're NOT a knower)

I started upon the path to knowing when I started to question every premise.

Parrotile's picture

Maybe one aspect of "The Problem" is that the Education System seems designed to produce such a population.

Think from a Politician's viewpoint: Is it easier to manipulate a relatively uninformed population who have been conditioned to accept your word as "the word of God", or would you rather have to face the regular grilling of a well informed populace, who were somewhat more keen on extracting value for money from you (in return for a salary and pension that they were willing to provide).

In Australia you have only to consider the two major parties to understand that the majority will be right royally stuffed (ALL generations - Boomers, Gen X, Gen Y and the Millenials)

There will be NO "Pensions" for the masses, and we strongly suspect that private Superannuation assets might just be liable to seizure "to support your Country in its hour of need".

Maybe NOW is the time to gain the skills you WILL need for what seems to be a more realistic model of the future World. Skills that are almost all practical, and skills that will be acceptable planet-wide.

Might not be a bad idea to develop a workable plan for moving internationally in the absence of GPS / Mobile Telephony/ third-party dependent information & communication services.

Alternatively stop wasting money on trivia, and set about ensuring you are as autonomous as practicable (water, wastewater, power, irrigation). Owing to global overcapacity decent PV panels are really cheap right now, as are many smaller (so easier-to-repair) wind turbines.

Do these things now, because tomorrw is coming, and tomorrow doesn't look very pleasant at all . . . . .

akak's picture

"Superannuation"???

 

Just what the Hell does THAT mean ---- living to age 200?

CheapBastard's picture

<<What are you going to do?>>

 

1. pay off all debts;

2. get a second job if you have to (like I did to pay off my student loans);

3. pay everything with cash;

4.educate yourself by reading ZH and other solid financial blogs;

5. save;

6. save more.

WT Sherman's picture

"I'm not the 99%...
I'm not rich. But for me, the 99% reflects being a total moron with no interests in the world around you."

Recommend 1000 times!

GetZeeGold's picture

 

 

 

Not sure what percent I'm in, but if the 99% are going to act like that....I say screw'em.

markovchainey's picture

Someone's been drinking...

and thank Goddess because that was beautiful!

sosoome's picture

"The 99% believe all will be fine in the end."

As long as they obey massah, and pay no mind to violating their core principles (only one at a time, of course), bottom line is yes, they will be just fine. Submit to never stepping out of line though.

Yen Cross's picture

 That was a good post , [Sudden Debt]. Shit! I'm impressed...

SilverRhino's picture

Bartender: I'll have what this gentleman poster was having.   

Svendblaaskaeg's picture

Great read - so true, goes for my country's 99% too - Thank You Sir!

 

toncuz's picture

If there's any group worse than the 99%...it's the PIG 1%. You remember them...the right-wing central planners who control the economy and sold all that crap to the 99 percenters you complain about in your right-wing Rush Limbaugh induced haze of a post.

Seer's picture

I suspect that it's 1971.  That's the year the US defaulted (disconnecting the USD from gold).  Also that year that oil exports (production) peaked.

One really has to appreciate the revenues that oil can produce.  For instance, in 2011 Saudi oil revenues were $311 billion, over $10K per capita! (source: http://www.eia.gov/cabs/OPEC_Revenues/Factsheet.html).  And for Qatar the per capita revenue was over $57K!  Now, take these numbers and wipe them out, put these countries into the category of net importer of oil- think that things would be MUCH different?  I'm not thinking that that would be the formula for growth...

schoolsout's picture

Second graph in this link explains what you are referring to, I believe

 

http://libertarian-neocon.blogspot.com/2012/08/the-dollar-has-been-deval...

Tom_333's picture

Yes.Several others including Karl Denninger have done the same.Net-net the US hasn´t turned a profit in 30 years.And still it rolls on...

The way they roll in Washington isn´t so bad (for them).From a fundamental perspective it´s a disaster.But it goes to show that Keynesianism is a useful tool too keep corporativistic societal model rolling for a couple of more decades.As economic theory it´s hokum and snake oil.But as the master himself said - in the long run (another thirty years or so) we are all dead (and then I don´t give a f-k) or to put it in French -Aprés moi , la deluge.

Ayn NY's picture

I just spent a whole semester in a Keynsian Econ class. Chart after chart showed 1971 as being the year of huge declines. He blamed it on the oil shocks with a little nod to the end of Bretton Woods. Of course the Great Sociaty programs and the expansion of government under Nixon were never mentioned.

Pareto's picture

yup.  dGDP/dGOV < 0; and any asshole that says different does not understand accounting or economics.

dwdollar's picture

That's been true for a long time. The problem is the absolute numbers have gotten to such a point that it's impossible for any unbiased mind to ignore them any longer.

Tom_333's picture

Actually Government spending IS a part of the GDP number.The more spending the the higher the GDP number.

On the other hand I seriously doubt that the much-hyped bubble burst will happen next month or next year.These things can go on for a very long time.History shows estimates from the 30ies and 40ies regarding the inevitable pop of the German and Soviet economy by professional economists were far from accurate.Good German professional economists predicted that the cycle of nationalization,rearmament,huge deficit spending would cause a huge burst around 1941 or so.They stated - "this can not simply go on". Some of them were interviewed after the war and bitterly deplored their grave underestimation of the strength in confiscations,forced work - inside and outside work camps,genocide as businessmodel and other regimedriven GDP multipliers.My fear is that something else will pop before the economy does.And most likely that is what needs to happen in order for things to change.It´s not going to be pretty.

wisefool's picture

Excellent post. War provisioning can carry bad economic theories. For example, the US Economy is nearly completely dictated by the tax code, which at its core is war rationing implemented for WWII. There is no other foudation for it. Theoretical or practical.

This is why the USA spends 3 Trillion on defense, 1 Trillion on social services. This is why the most profitable coorporations are tax free. It has nothing to do with merit. (Google, G.E., MSFT,etc)

The tipping point you mentioned is when there is no longer a single theoretical tax payer who sacrifices to the "war" rationing. Not a single person operating outside the "war effort."

Envision a typical morning when we need to start the pump (printing press), but the last person forgot to fill the priming reserve before they shut it down for the day. There is infinite water in the ground. There is infinite power for the pump. The pump is in perfect repair. Once it gets running, you can have all the water/fiat you want. But that crucial priming half pint is missing. 

Tom_333's picture

Missing half print of primer...?

If we were so lucky...! Running out of bullets the only cause for the Gov not hacking it one sudden morning.

TruthInSunshine's picture

The people and institutions that the Fed truly represents are getting their wish, but the simmer is too high right now, and risks having them see things spin out of control, in my very humble opinion. They're going to try and get back to the slow simmer of frogs recipe that always works best in devaluing the living standards of the citizenry.

One of the things the list above doesn't mention is that federal, state and local units of government have grown in both personnel and resource consumption like a malignant cancer over the last 50 years.

As I write this, 1 out of 7.5 employed Americans works for federal, state or local government. This does not include "contractors" to government, nor millions of others who work for companies that derive all or a majority of their revenue from providing goods or services to government.

Big Gov is suffocating the private sector.

DaveyJones's picture

History tells us one thing about society's cooks and crooks. Too much faith in their recipies too little attention to the boiling pots 

Dick Buttkiss's picture

Annouce yourself, -1, you society sucking leach.

prains's picture

Now I'm not the -1 leach but I would like to add that the "big GOV" is owned lock stock and barrel, they are the middle men in this malinvested transaction.

Please look to the real owners of your gov't both red and blue to cast your blame to those leveraged 60 to 1 and need the real control.

Seer's picture

Yup.

One need only look at who was playing the music and who danced.

ATM's picture

I think you have it all wrong. They are turning up the heat to get a rolling, or should I say roiling boil. 

The time for the slow simmer is over. They have sucked all they need to from us. Next move is the burn this fucker down, and try to create a new feudalism.