At last check:
1. US sovereign debt downgrade-1st time in US
history.
2. Federal spending 25% of GDP, highest since WW2.
3. Budget deficit 10% of GDP, highest since WW2.
4. Federal debt 67% of GDP, highest since just after WW2.
5. Employment just at 58.1%, lowest since 1983.
6. Long term unemployment 45.9% of total, highest since great depression.
7. Increase in non-farm payroll only 0.5%, slowest job growth 26 months after a severe recession since WW2.
8. Homeownership down to 59.7%, lowest since 1965.
9. Percentage of taxpayers paying income tax only 49%, lowest in modern era.
10. Government dependency (receiving 1 or more federal benefits) at 47%, highest in US history.
We are at equivalent spending equal to a WORLD WAR spending, and that is mind boggling.
Obviously, this is not working and is not going to be sustainable.
2. Federal spending 25% of GDP, highest since WW2.
3. Budget deficit 10% of GDP, highest since WW2.
4. Federal debt 67% of GDP, highest since just after WW2.
5. Employment just at 58.1%, lowest since 1983.
6. Long term unemployment 45.9% of total, highest since great depression.
7. Increase in non-farm payroll only 0.5%, slowest job growth 26 months after a severe recession since WW2.
8. Homeownership down to 59.7%, lowest since 1965.
9. Percentage of taxpayers paying income tax only 49%, lowest in modern era.
10. Government dependency (receiving 1 or more federal benefits) at 47%, highest in US history.
We are at equivalent spending equal to a WORLD WAR spending, and that is mind boggling.
Obviously, this is not working and is not going to be sustainable.
If he wins re-election & at this point its 50/50, it would be because of voters mistrust of handing the GOP total control of all 3 branches of government or just flat-out mistrust of Mitt Romney
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