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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Fri, 12/21/2012 - 21:47 | 3089057 HD
HD's picture

This list is frightening. Ben just printed in his pants.

Fri, 12/21/2012 - 21:57 | 3089088 q99x2
q99x2's picture

What's to complain about. 1/3 of the people aren't working and they have the internet. Crazy young women to have sex with. Beautiful sunny beaches to jog and surf. Plenty of food. Health needs paid for. Enough money for a lottery ticket now and then. Great education. The only ones probably complaining are the working fools. If you are working get with it. The banksters are paying to keep everyone from hunting them down and hanging them. And they can pay more much much more.

Fri, 12/21/2012 - 21:58 | 3089089 ugmug
ugmug's picture

The world has acquired the most coveted talent denied to all previous generations.....the ability to create and post YouTube videos. Civilization is saved!

 

Fri, 12/21/2012 - 22:09 | 3089129 Aurora Ex Machina
Aurora Ex Machina's picture

And so said those sniffing at pamphlets posted on Gutenberg's printing press.

And, low, hark now: what did pamphlets achieve, but the French Revolution, The Protestant Reformation and indeed, the American Revolution.

 

Top tip: If you're behind the curve, try not to repeat the stupidity of those arch-Conservative asses who poo-poo'd the prior technological revolutions, lest you look a total ass.

Fri, 12/21/2012 - 22:19 | 3089145 ugmug
ugmug's picture

The next big liberal protest will be to demand more electrical outlets. Liberals are real big on green energy by placing fake greenery on all the huge power lines. I'm for liberals practicing blue energy where they hold their breath in their usual hissy fits and turn blue.

 

 

Fri, 12/21/2012 - 22:30 | 3089154 Aurora Ex Machina
Aurora Ex Machina's picture

Oh, Gods, are you really this silly? "Placing fake greenery on all the huge power lines". Even for hyperbole, this plumbs the depths of ignorant facile pathetic imagery.

Le Morte de Danton.

God spare you a non-cushy environment where your pampered and self-indulged stupidy isn't paid for by the rest of the world. You do realise, we hope, the average energy spending by Americans compared to the rest of the world, yes? Hint: Germany, the next largest users, uses 2/3rds of what an average American uses.

 

Hint: You're fat. You're indulgent. You're stupid. You're ideologically child like. You're unable to even deliver an insult without the mature ones around the table grimacing at the crudity and stupidity of it.

 

And, we're hungry now. If you're what's stopping the next revolution, better move country, fast; because of a scale of 1-to-dogfood, you've just hit dogfood.

 

 

Ciao.

Fri, 12/21/2012 - 22:35 | 3089164 ugmug
ugmug's picture

 

The next great revolution - worldwide bankruptcy.

This generation has the luxury of hundreds of years of hindsight and all its done is create verbose idiots that promote debt to solve the age old human flaw of laziness.

 

 

 

Fri, 12/21/2012 - 22:39 | 3089172 Aurora Ex Machina
Aurora Ex Machina's picture

Nope.

You're just ignorant. You don't even know that the entire CIA / Syria / FSB propoganda matrix is played out on youtube these days; let alone the deeper depths of memetic viral propogation.

Youtube is also a major player in social and cultural memes, especially in Songs.

"This" generation is actually just about to take a huge smack to the balls / vagina for your generation's stupidity, naviety and selfishness.

Laziness? Yep, how's that whole "pay nothing for school, get a shitty job that paid for an entire family without mother working and now we want a pension" playing out against the kids of today? Answer: it ain't. you self-deluded and sad old fat fuck.

 

This is your "laziness", and it is so pathetically selfish, you deserve a roasting.

Fri, 12/21/2012 - 22:43 | 3089179 ugmug
ugmug's picture

Your AK-47 rhetoric is very revealing. You like to pull triggers with words but one day it'll back fire with real consequences.

 

Fri, 12/21/2012 - 22:49 | 3089189 Aurora Ex Machina
Aurora Ex Machina's picture

Sorry, but a man of your caliber cannot threaten me. Chances are, you're too slow to even see me move; you'd be gasping with blood flowing from your neck with a look of confusion and askance wondering:

"How did this happen to me?"

You're a small nothing, pissing against the wind, and worse yet, blaming the wrong things with a limited vocabulary and even more limited impact on those who read you.

Learn or die.

 

 

We know what you've chosen.

Fri, 12/21/2012 - 23:18 | 3089217 ugmug
ugmug's picture

Here will be the inscription on your tombstone -

He's Gone Along With His Insipid Big Words - His Last Words Were Very Small - Oh, Shit!

Fri, 12/21/2012 - 23:42 | 3089240 Aurora Ex Machina
Aurora Ex Machina's picture

At least I get a tombstone; yours will be merely a body thrown in a ditch, the last words "But, but, I have gooooooold, you can have it if you don't killll <urk>". Oh, and then they'll rape your wife and daughters.

Oh, and p.s.:

You're seriously imagining my death here? Really? You've really gone from imagining Youtube has no cultural impact, to imagining that I'm "threatening you with AK47 dialogue" and to imagining my death?

REALLY?

Your brain is that fucking tiny, you have to jump from "not getting Youtube" into "Must kill all those who disagree"?

REALLY?

Fuck me, you're a total joke. I was just being silly [notice, I mentioned it once], just to see how fuck-tardedly stupid you were.You took those crumbs and ran with the insanity though.

Oh, and getting your alt account to +1 your shit. **Winning** OH wait. getting more fat old men thinking the internet works like this to +1. SAD.

 

You're a total psych case. How was Vietnam, I bet you loved it over there, psycho.

p.s.

Still; you're fat & slow, never bet against the fast n the furious, you're gonna lose. I don't do "last words" - yours will merely be "Contract completed". (OOOOh, OOOOh, let's get all male testosterone HORNEY over INTERNET INSULTS. MY DICK IS BIGGERER!!)

 

tl;dr

 

Fat old cunt who is too stupid to understand the net. Gets upvotes from other sad fucks.

 

>Will tell Cat that I accessed her account last night in the morning, but these old Conservative tards are too easy a target<<

 

 

/fail

Sat, 12/22/2012 - 03:45 | 3089340 Yen Cross
Yen Cross's picture

I* have a cow patty with your (bull shit) toss (a) cross liberal clown face on it!  You fucking worthless  ass trumpeting moron!

 Your cock couldn't find the right side of  a Chicken Coop, you fucking piece of "dried up smegma"!

Sat, 12/22/2012 - 09:43 | 3089562 IridiumRebel
IridiumRebel's picture

Anyone who messes with Yen Cross messes with me......

Sat, 12/22/2012 - 13:56 | 3089769 falak pema
falak pema's picture

turds of the same feather tarred together. Hate and rage on the same putrified page. 

And, its "la mort de Danton".

Sun, 12/23/2012 - 03:20 | 3090947 blunderdog
blunderdog's picture

Fuck you both on principle alone.  One to a fight, assholes.

Sun, 12/23/2012 - 11:45 | 3091335 Nimby
Nimby's picture

Looks like someone has delusions of being a vampire!  Tell me, are you a gay Anne Rice vampire, or a sparkling Stephanie Meyer vampire?

Sat, 12/22/2012 - 11:56 | 3089664 Athenian
Athenian's picture

About time someone posted the truth that is the screwed up boomer generation. Thanks fellas.

Fri, 12/21/2012 - 23:39 | 3089246 Seer
Seer's picture

"This generation has the luxury of hundreds of years of hindsight and all its done is create verbose idiots that promote debt to solve the age old human flaw of laziness."

And your guiding light of wisdom is?

Most of the innovations were made possible by the sliver slice of about 150 years, the reign of fossil fuel extraction.  All has been a continuum of a wasting.  I suspect that there was an attempt to get off this rock, but it was not to be (if even).  So now we'll resort to the hand from the clouds to do the work were could not.  We're starting on energy decline.  That's all...

Sat, 12/22/2012 - 00:07 | 3089270 smart girl
smart girl's picture

And you... Must be French.

Sat, 12/22/2012 - 01:41 | 3089344 Yen Cross
Yen Cross's picture

A fucking liberal quoting a falling Frenchman . Le Morte de Danton. You are better than roasted duck!

Sun, 12/23/2012 - 11:42 | 3091329 Nimby
Nimby's picture

*child-like

I find it interesting that you use Germany as an example.  How much of their security is subsidized directly by the American taxapyer? 

Tschuss. 

Fri, 12/21/2012 - 22:20 | 3089147 ramacers
ramacers's picture

too late.

Fri, 12/21/2012 - 22:55 | 3089199 swamp
swamp's picture

IMMIGRANTS.

Fri, 12/21/2012 - 23:43 | 3089251 Seer
Seer's picture

XENOPHOBES.

BTW - My grandfather was an immigrant.  And, as a matter of fact, anyone who is "white" has immigrant lineage.

Sat, 12/22/2012 - 09:30 | 3089557 BooMushroom
BooMushroom's picture

And those of us who are white received the same kind of xenophobia for a short while when we arrived in a wave, too.

But guess what happened? Our parents and grandparents had us learn the language and culture and dress of our new homeland. We INTEGRATED. Within a short time we stopped being Irish or Italian, or Portuguese, and started being American. My grandmother refused to teach her children the old language. We brought no flags, we did not proudly proclaim which province we came from within our old country. Our parents were named, and named us, with American names. We came to become Americans.

Our current crops of immigrants come here with the expectation that they remain the same, only with a different address.

Sat, 12/22/2012 - 13:12 | 3089730 chubbar
chubbar's picture

Push 2 to hear this in spanish.

Sat, 12/22/2012 - 23:29 | 3090768 hooligan2009
hooligan2009's picture

push 3 to get your eagle feather head dress dusted off

Sun, 12/23/2012 - 11:33 | 3091316 Nimby
Nimby's picture

Vikings made it to America before the Asians.

Sat, 12/22/2012 - 01:12 | 3089328 newengland
newengland's picture

#1 The privately owned  Federal Reserve Board serves foreign interests, not the U.S.A., and it has deliberately bankrupted the U.S.A. with its globalist agenda in order to steal with impunity in the U.S.A., and abroad. It's true home is Switzerland, where the majority are the AshkeNAZI who are not jew, christian or atheist, but an implacable monied warring tribe: the Zionists. 

Socialism and communism are nicey names for fooling the majority into handing everything over to the AshkeNAZI. See the recent bail out of banks as an example of how successful their strategy is, and the endless wars which profit them, no matter who wins or loses.

Sat, 12/22/2012 - 02:00 | 3089351 Seer
Seer's picture

 

 

"See the recent bail out of banks as an example of how successful their strategy is, and the endless wars which profit them, no matter who wins or loses."

They're plugging dikes!

The damage was done via massive GROWTH.  Correction: the damage was the SELL to enage in massive growth.  Hook, line and sinker...

BUT... so they've got "books" showing they are "good" (which, we all know, is NOT true).  It's PAPER.  It's VIRTUAL.  All of "them" only exist because we enage in Their game; the moment we stop they perish.

Yes, the endless wars.  However, TPTB have no interest in wars other than out of necessity.  Wars are ALWAYS about resources.  As concentration of "wealth" continues it will become apparent what "side" really exist.  And at that point the game is over.

They're doing the only thing they know to do.  And...

Old Charlie stole the handle and

The train it won't stop going
No way to slow down.
He hears the silence howling
Catches angels as they fall.

And the all-time winner
Has got him by the balls.
He picks up Gideons Bible
Open at page one

God He stole the handle and
The train won't stop going
No way to slow down.

http://www.songmeanings.net/songs/view/14216/#1pZ4blytRAOwgW1P.9

 

In the still of the night, in the world's ancient light

Where wisdom grows up in strife
My bewildering brain, toils in vain
Through the darkness on the pathways of life
Each invisible prayer is like a cloud in the air
Tomorrow keeps turning around We live and we die, we know not why

 

http://www.bobdylan.com/us/songs/when-deal-goes-down
Sat, 12/22/2012 - 10:42 | 3089611 Falconsixone
Falconsixone's picture

No, you're never to old to Rock'n'Roll if your to young to die.

Sat, 12/22/2012 - 03:28 | 3089424 AnAnonymous
AnAnonymous's picture

'Americans' need nothing to be explained about what is coming. They know it.

They know that what is coming up is even more 'americanism'

Sat, 12/22/2012 - 04:02 | 3089426 akak
akak's picture

Why are you constantly monolizing the speeching means?

Must be your eternal blobbing-up nature manifesting itself again.

Sat, 12/22/2012 - 03:48 | 3089434 Yen Cross
Yen Cross's picture

Get my egg rolls chop/chop you stupid fucking (gung ho communist)!

Sat, 12/22/2012 - 03:29 | 3089425 are we there yet
are we there yet's picture

Mayans were dumb as rocks at predicting their own end. Nothing ended yesterday.

Sat, 12/22/2012 - 10:22 | 3089595 Dr. Engali
Dr. Engali's picture

The Mayans never predicted anything. Their calendar just ran out of days. The people who are dumb as rocks are those who bought into the hype that a calendar running out of days meant something more than it did.

Sat, 12/22/2012 - 11:37 | 3089650 yabyum
yabyum's picture

Twinkies??

Sat, 12/22/2012 - 03:41 | 3089430 dark pools of soros
dark pools of soros's picture

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

 

damn that sounds like a great vacation...  and Europe thought they got more weeks off?!!!

Sat, 12/22/2012 - 06:04 | 3089485 Joe A
Joe A's picture

USA! USA!

Sat, 12/22/2012 - 06:56 | 3089498 Fíréan
Fíréan's picture

#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.  

 

 

 

16.3 (now) - 10.6 (time OB took office)   = 5.7 trillion.

 10.6 ( OB took office)  -  5.7 ( Washington to Bush took office, "about as much" )   =  4.9 trillion, time between when Bush took office and when Obama Took office. the Bush era.

Taking into consideration the "about as much"  in that figure quoted, then the Bush era figure  is a +/ - 4.9 trillion .

Is that correct ?

 

 

Sat, 12/22/2012 - 23:27 | 3090762 hooligan2009
hooligan2009's picture

errr...1970 plus 30 years = 2000 and 1980 plus 30 years =2010? 30 year yields peaked around 15% in sep 1981 and fell to 7.5 in October 1986..they weren't issued between march 2002 and jan 2006..its all about volume and value issed at the time of the deficit

Sat, 12/22/2012 - 12:39 | 3089592 Dr. Engali
Dr. Engali's picture

When Bush took office the national debt was 5.73 trillion. He added 4.9 trillion. So the writer's statement is correct.

Sat, 12/22/2012 - 06:53 | 3089503 news printer
Sat, 12/22/2012 - 07:35 | 3089517 GCT
GCT's picture

The people voted for this shit and not alot is going to change.  We often time discuss sheeple here. Hell they know the gov has their backs so why bust your ass for a low paying job.  Why finish school if you can have a child and get on the dole. 

Who is the stupid one here those that put up with some stupid ass boss that thinks they own you for the time you put in to get paid peanuts or those that party all night get out of bed when they choose and get the free stuff.  56% of the people in this country are on some sort of government program. 

The people voted for the hand outs and they can keep this charade up probably longer then most of us will live.  Lets get real here for a change.  Get your money for nothing and your stuff for free!

The only ones the government will screw are the elderly and middle class.  Hell here in Arkansas we owe the Fed 400 million for Medicaid and they tout we have a balanced budget!  The govenor wants to add another 245,000 to its rolls.  The people love him!  What the gov forgets to mention is the Fed will only provide funding for three years and then it is up to the state to fund it.  This is the world people live in and want.  Let them have it until they can't.  Once the Fed money is cut off the state will raise taxes to cover the loss or cut the program as Arkansas's constitution requires this.  LOL right they will just apply the new math.

We have a long time before all of this so called freebies is going anywhere.

 

Sat, 12/22/2012 - 07:59 | 3089522 MajorWoody
MajorWoody's picture

Some more numbers I've found:

Since Gasoline prices went from 99 cents to 4 dollars, everthing in the article quadrupled in price.....NO SHIT

95% of the world population doesn't give a shit 

Have a nice day

Sat, 12/22/2012 - 07:59 | 3089523 I am Jobe
I am Jobe's picture

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

Learn from your parents mistake, use birthcontrol to avoid any inbreeding loser Amerikans

Sat, 12/22/2012 - 11:39 | 3089653 yabyum
yabyum's picture

Jobe, we always use birth control when we diddle our own! Your mom......not so much.

Sat, 12/22/2012 - 08:23 | 3089532 User 3461
User 3461's picture

It's not like this hasn't been a long time coming. What's really "if you can believe it" is that it continues on - seemingly endlessly. #48 is particularly amusing.

Sat, 12/22/2012 - 10:51 | 3089625 Falconsixone
Falconsixone's picture

Make 400 copies and pay off the debt with words?

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