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A Few Stats to give you a bad day....

Discussion in 'Off Topic Threads' started by bigdogtx, Jun 17, 2010.

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  1. bigdogtx

    bigdogtx Well-Known Member

    Joined:
    Aug 5, 2006
    Messages:
    10,650
    Good old USA
    This is a mess that will get worse.....



    24) New York state has delayed paying bills totalling $2.5 billion as a short-term way of staying solvent but officials are warning that its cash crunch could soon get even worse.

    23) To make up for a projected 2010 budget shortfall of $280 million, Detroit issued $250 million of 20-year municipal notes in March. The bond issuance followed on the heels of a warning from Detroit officials that if its financial state didn't improve, it could be forced to declare bankruptcy.

    22) The National League of Cities says that municipal governments will probably come up between $56 billion and $83 billion short between now and 2012.

    21) Half a dozen cash-poor U.S. states have announced that they are delaying their tax refund checks.

    20) Two university professors recently calculated that the combined unfunded pension liability for all 50 U.S. states is 3.2 trillion dollars.

    19) According to EconomicPolicyJournal.com, 32 U.S. states have already run out of funds to make unemployment benefit payments and so the federal government has been supplying these states with funds so that they can make their payments to the unemployed.

    1 This most recession has erased 8 million private sector jobs in the United States.

    17) Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of 2010.

    16) U.S. government-provided benefits (including Social Security, unemployment insurance, food stamps and other programs) rose to a record high during the first three months of 2010.

    15) 39.68 million Americans are now on food stamps, which represents a new all-time record. But things look like they are going to get even worse. The U.S. Department of Agriculture is forecasting that enrollment in the food stamp program will exceed 43 million Americans in 2011.

    14) Phoenix, Arizona features an astounding annual car theft rate of 57,000 vehicles and has become the new "Car Theft Capital of the World".

    13) U.S. law enforcement authorities claim that there are now over 1 million members of criminal gangs inside the country. These 1 million gang members are responsible for up to 80% of the crimes committed in the United States each year.

    12) The U.S. health care system was already facing a shortage of approximately 150,000 doctors in the next decade or so, but thanks to the health care "reform" bill passed by Congress, that number could swell by several hundred thousand more.

    11) According to an analysis by the Congressional Joint Committee on Taxation the health care "reform" bill will generate $409.2 billion in additional taxes on the American people by 2019.

    10) The Dow Jones Industrial Average just experienced the worst May it has seen since 1940.

    9) In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.

    Approximately 40% of all retail spending currently comes from the 20% of American households that have the highest incomes.

    7) According to economists Thomas Piketty and Emmanuel Saez, two-thirds of income increases in the U.S. between 2002 and 2007 went to the wealthiest 1% of all Americans.

    6) The bottom 40 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

    5) If you only make the minimum payment each and every time, a $6,000 credit card bill can end up costing you over $30,000 (depending on the interest rate).

    4) According to a new report based on U.S. Census Bureau data, only 26 percent of American teens between the ages of 16 and 19 had jobs in late 2009 which represents a record low since statistics began to be kept back in 1948.

    3) According to a National Foundation for Credit Counseling survey, only 58% of those in "Generation Y" pay their monthly bills on time.

    2) During the first quarter of 2010, the total number of loans that are at least three months past due in the United States increased for the 16th consecutive quarter.

    1) According to the Tax Foundation’s Microsimulation Model, to erase the 2010 U.S. budget deficit, the U.S. Congress would have to multiply each tax rate by 2.4. Thus, the 10 percent rate would be 24 percent, the 15 percent rate would be 36 percent, and the 35 percent rate would have to be 85 percent.
     
  2. stokinpls

    stokinpls Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    6,487
    Don't worry, the "Captain" is at the helm.
     
  3. highflyer

    highflyer TS Member

    Joined:
    Feb 1, 2006
    Messages:
    2,474
    Decades of liberalism has taken it's toll on America. I don't think we can climb out of the hole we have dug. It would take a complete readjustment to the American mind. We all know where this leads and it isn't to freedom and the constitution.
     
  4. Ljutic111

    Ljutic111 TS Member

    Joined:
    Jan 20, 2008
    Messages:
    1,730
    We the People of the United States who have Contributed the Most to this Country get the Least. And It Will Get Worse.
     
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