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Posts Tagged ‘AMERICA’S FUTURE’

Congressional budget chief offers dim outlook on economic growth, jobs

By Jim Angle
Published February 01, 2012

Congressional Budget Office Director Doug Elmendorf on Wednesday projected that economic growth will slow by next year and unemployment will rise before that — a forecast that Rep. Paul Ryan called ominous, grim and alarming.
Elmendorf laid out the latest projections on the economy and deficits before the House Budget Committee on Capitol Hill.
Ryan, R-Wis., who is chairman, raised alarm given projections that 2012 “will mark the fourth straight year of trillion-dollar deficits.”
“Trillions more dollars will be added to debt in the years ahead, putting a chilling effect on jobs creation today and committing the next generation to a diminished future,” he said.

Democratic Rep. Chris Van Hollen took a different approach, saying deficits and growth would have been worse without President Obama’s stimulus plan. “The Recovery Act did serve its purpose. It’s kind of like when you’re walking up an escalator that’s going down very quickly. If you take no action you will go down very fast,” he said.
Yet future deficits depend in large part on how fast the economy grows, along with spending and revenues. And on that front, the CBO isn’t offering a lot of encouragement.
“The pace of the recovery has been slow since the recession ended two and a half years ago,” Elmendorf said. “And we project that it will continue to be slow for the next two years.”
The CBO believes that economic growth will be only 2 percent this year — and an anemic 1.1 percent next year.
The office says that will leave the unemployment rate at 8.9 percent at the end of this year, well above current the current rate of 8.5 percent, meaning the jobless rate would be increasing at election time.
That prompted this exchange between Rep. Tom McClintock, R-Calif., and the CBO director.
“Let me ask you, are there more people working today or fewer people working today than at the — on inauguration day of 2009?” McClintock asked.
“I believe the answer to that,” said Elmendorf, “is there are fewer people, congressman.”
And in 2013, CBO estimates unemployment will be even higher — at 9.2 percent.
Republicans have been wringing their hands about deficits for years, but one Democrat on Wednesday railed against those who focus only on cutting spending.
“Because there are people here that want to destroy the government, that it has no responsibility and it can’t live up to the obligations,” said Rep. Bill Pascrell, D-N.J.
Several Democrats asked about how much revenues would be increased by eliminating the Bush tax cuts in hopes of avoiding more spending cuts.
One of the factors that will expand future deficits is entitlements, such as Medicare, which will explode as the baby boomers retire.
Elmendorf explained that “the fundamental fiscal challenge during this decade and beyond remains the aging of the population and rising costs for health care. The number of people aged 65 or older will increase by one-third in the coming decade, substantially raising the costs of Social Security, Medicare and Medicaid.”
In addition, he said, the new federal health care overhaul will significantly increase the number of non-elderly people receiving assistance through federal health care programs, such as Medicaid.
All of that is likely to balloon current levels of debt.
The CBO did project declining deficits under “current law.”
But current law would end the Bush tax cuts for everyone, even those making less than $250,000 a year, which neither Congress nor the president supports.
It would also mean a cut of almost 30 percent to doctors who treat Medicare patients, which Congress has never let take effect.

Read more: http://www.foxnews.com/politics/2012/02/01/congressional-budget-chief-offers-dim-outlook-on-economic-growth-jobs/#ixzz1lEQrsnro

NOVEMBER 2012

OFF THEM

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What are you waiting for? Now is the time to STAND UP for yourself, to be BOLD, be CREATIVE, be RADICAL To Dream BIG, IMAGINE, Feel the fear but DO IT! Anyway its time to Question Expert Authority, ASK hard questions, PROPOSE and DEMAND solutions. To Participate and AGITATE. DISOBEY if you must. To VISUALISE and Organise. To KILL the fear spreading Media – EDUCATE and INFORM yourself and Others. NOW is the time to invest in HOPE.

To cultivate LOVE To Give Thanks for what we have and to help those that Haven’t. We Must DANCE, PLAY, ENJOY ourselves. TRANSFORM your situation no matter how bad it is. It can be done, EAT WELL, REST, MEDITATE. PROTECT yourself. BECOME a SOUL WARRIOR. Don’t Apoligise for being a DREAMER – we need MORE DREAMERS. PERSIST Resist and ignore the begrudgers, hold firm to your vision. Don’t make up excuses or get caught up in Blame. In the Game of them and Us RESPECT Everyone, even if you dont like them. Enemies are Great Teachers. TRANSCEND, RISE, Reach for the STARS.

Don’t take yourself too seriously. LAUGH at yourself. LOVE YOURSELF. You are WONDERFUL if you let yourself BE. ABANDON JUDGEMENT, Age, Roles, Stereotypes. Take RISKS. Drop LEFT RIGHT and RELIGIOUS Dogma. THINK FOR YOURSELF. Take control of your Diet, Money, Home, Family, Work Spend Time in NATURE. Listen to your Gut, Instinct, Intuition, Heart. Go offline to get ONLINE. Take QUIET TIME for you, to WRITE, DRAW. EXPERIMENT. Learn a SONG, Call a Meeting, Start a Petition. BUILD COMMUNITY. See what happens. SHARE. Take your time. Slow Down – Small and Slow are POWERFUL and BEAUTIFUL. Wake up to REALITY. It’s not that bad. If it is THEN CHANGE IT. Don’t wait for others to do it. TELL OTHERS, JOIN them, ASK for HELP.

SING IT LOUD. BE Proud you’re not a Zombie caught up on the harsh production line of Commuting, Work, Shopping, Consumption and SLEEP. You’re MUCH MORE ALIVE This is not a PRACTICE RUN, THIS IS YOUR REVOLUTION TO MAKE IT HAPPEN THERE ARE ALWAYS MORE POSSIBLITIES THAT YOU THINK! WHAT ARE YOU WAITING FOR?

50 FACTS ABOUT THE U.S. ECONOMY THAT WILL SHOCK YOU

Posted on December 18, 2011 at 3:55pm by Becket Adams

“Even though most Americans have become very frustrated with this economy, the reality is that the vast majority of them still have no idea just how bad our economic decline has been or how much trouble we are going to be in if we don’t make dramatic changes immediately,” writes The Economic Collapse (TEC).

For those unfamiliar with this site, TEC is an economic blog that regularly compiles a comprehensive list of the most startling and unsettling facts about the U.S. economy.

Why? Because Americans need to understand that America’s economy is precariously balanced on the edge of full-blown collapse.

“If we do not educate the American people about how deathly ill the U.S. economy has become, then they will just keep falling for the same old lies that our politicians keep telling them. Just ‘tweaking’ things here and there is not going to fix this economy,” the site explains.

Indeed, America’s economic situation has become increasingly unstable. However, what’s arguably more disconcerting than the state of the U.S. economy is the fact many Americans are largely–if not completely–unaware of just how serious things have become.

“America is consuming far more wealth than it is producing and our debt is absolutely exploding,” TEC explains. “If we stay on this current path, an economic collapse is inevitable. Hopefully the crazy economic numbers from 2011 that I have included in this article will be shocking enough to wake some people up.”

It might behoove Blaze readers to share the facts listed below with family and friends.

“If we all work together, hopefully we can get millions of people to wake up and realize that ‘business as usual’ will result in a national economic apocalypse,” writes TEC.

Here are the 50 economic numbers from 2011 that will shock you (via The Economic Collapse):

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. If the number of Americans that “wanted jobs” was the same today as it was back in 2007, the “official” unemployment rate put out by the U.S. government would be up to 11 percent.

4. The average amount of time that a worker stays unemployed in the United States is nowover 40 weeks.

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

6. 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.

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

8. According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million.

9. A Gallup poll from earlier this year found that approximately one out of every fiveAmericans that do have a job consider themselves to be underemployed.

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

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

12. Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. In July, only 81.2 percent of men in that age group had a job.

13. 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.

14. The Federal Reserve recently announced that the total net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011 alone.

15. 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.

16. 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.

17. The U.S. Postal Service has lost more than 5 billion dollars over the past year.

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

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

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

21. 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.

22. New home construction in the United States is on pace to set a brand new all-time record low in 2011.

23. As I have written about previously, 19 percent of all American men between the ages of 25 and 34 are now living with their parents.

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

25. According to the Bureau of Economic Analysis, health care costs accounted for just 9.5 percent of all personal consumption back in 1980. Today they account for approximately 16.3 percent.

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

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

28. 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.

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

30. 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.

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

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

33. Today, the “too big to fail” banks are larger than ever.  The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

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

35. According to an analysis of Census Bureau data done by the Pew Research Center, the median net worth for households led by someone 65 years of age or older is 47 times greaterthan the median net worth for households led by someone under the age of 35.

36. If you can believe it, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.

37. A higher percentage of Americans is living in extreme poverty (6.7 percent) than has ever been measured before.

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

39. Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.

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

41. Today, one out of every seven Americans is on food stamps and one out of every fourAmerican children is on food stamps.

42. In 1980, government transfer payments accounted for just 11.7 percent of all income. Today, government transfer payments account for more than 18 percent of all income.

43. A staggering 48.5 percent of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent.

44. Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.

45. For fiscal year 2011, the U.S. federal government had a budget deficit of nearly 1.3 trillion dollars. That was the third year in a row that our budget deficit has topped one trillion dollars.

46. 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.

47. 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.

48. 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.

49. 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.

50. During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

Of course, after going through all these numbers, the obvious question is, “how did it get to this?” The Economic Collapse has a simple answer:

. . . the heart of our economic problems is the Federal Reserve.  The Federal Reserve is a perpetual debt machine, it has almost completely destroyed the value of the U.S. dollar and it has an absolutely nightmarish track record of incompetence.  If the Federal Reserve system had never been created, the U.S. economy would be in far better shape.  The federal government needs to shut down the Federal Reserve and start issuing currency that is not debt-based.

But who among America’s leaders has the will and determination to do this? Judging by how the Obama administration has conducted itself thus far, it doesn’t intend to consider (let alone implement) any of the suggestions mentioned in the above. Therefore, that leaves only the GOP candidates.

Who among them has the best chance to restore economic stability? Who is the most likely to return the U.S. to prosperity?

“Hopefully next year more Americans than ever will wake up, because 2012 is going to represent a huge turning point for this country,” TEC writes.

Indeed, it may be one of the biggest turning points this country has ever seen.

 

Economic Collapse | Depression 2012 | Get self employed

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FREEDOM WORKING – END OF THE LINE

The Fall of the Republic

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WHOSE FAULT IS IT THAT WE HAVE $5.00 GAS?

BARAK OBAMA AND THE GEORGE SOROS SOCIALISTS


If we had a President that wanted to help America instead of the Soros Plan to defeat and break down America he would do this:

1.) Announce that all Gas and Oil drilling permits are approved.

2.) Gulf Coast is open for drilling.

3.) Anwar is now open for permits.

4.) All Coal permits are approved

5.) All Natural Gas permits are approved

6.) And that four new refineries are approved.

Gas Prices would come down to $1.35 a gallon and the US recovery would be in high gear.

Instead the George Soros plan goes ahead for the start of Communist Government.

Time to Wake Up  – are you ready to take BACK OUR COUNTRY?

 

America’s Future

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Geert Wilders Warning to America

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