Moral Outrage
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The US Economy statistics are unbelievable

The following are economic numbers from 2011 that are almost too crazy to believe….

#1 A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty.

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

#3 One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers.

#4 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then.

#5 Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.

#6 According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.

#7 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.

#8 One recent survey found that one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.

#9 According to a recent study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.

#10 In Stockton, California home prices have declined 64 percent from where they were at when the housing market peaked.

#11 Nevada has had the highest foreclosure rate in the nation for 59 months in a row.

#12 If you can believe it, the median price of a home in Detroit is now just $6000.

#13 According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida are sitting vacant. That figure is 63 percent larger than it was just ten years ago.

#14 19 percent of all American men between the ages of 25 and 34 are now living with their parents.

#15 One study found that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt.

#16 The United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

#17 It is being projected that the U.S. trade deficit for 2011 will be 558.2 billion dollars.

#18 The retirement crisis in the United States just continues to get worse. According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

#19 Today, one out of every six elderly Americans lives below the federal poverty line.

#20 According to a study that was just released, CEO pay at America’s biggest companies rose by 36.5% in just one recent 12 month period.

#21 Child homelessness in the United States is now 33 percent higher than it was back in 2007.

#22 Sadly, child poverty is absolutely exploding all over America. According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in poverty, 40.1% of all children that live in Atlanta are living in poverty, 52.6% of all children that live in Cleveland are living in poverty and 53.6% of all children that live in Detroit are living in poverty.

#23 Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.

#24 Even 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.

#25 Amazingly, the U.S. government has now accumulated a total debt of 15 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars.

#26 The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.

#27 If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.


[Read whole article at Economic Collapse]

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