From The Economic Collapse:
#1 The Obama administration projects that the federal budget deficit will be approximately $1,600,000,000,000 this year. Right now the Republicans and the Democrats are fighting tooth and nail over budget cuts. The Republicans are proposing to cut the budget deficit by 3.8%. The Democrats only want to cut it by 2.1%.
#2 The U.S. economy actually grew more between 1930 and 1940 than it did during the decade that recently ended.
#3 Over the last decade, the number of Americans without health insurance has risen from about 38 million to about 52 million.
#4 Agricultural commodities are absolutely soaring. The price of corn has more than doubled over the last 12 months. Considering the fact that corn is in literally thousands of our food products, that is a very frightening statistic.
#5 Between 1999 and 2009, real median household income in the United States declined by 5.0%.
#6 It is being estimated that total U.S. government debt will grow by 42 percent by the year 2015….
It goes on for 21 more items…
The good news: this can all be fixed. Not easily. Not quickly. Not without a lot of pain. But, it can be fixed.
Cut taxes, balance the budget, cut off trade with tyrannical slave-labor regimes like China, start making/mining/growing things here at home…it can be done, if we have the will to do it.
HAT TIP: Zero Hedge
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