Hey, it’s Monday. What could be better on a Fall Monday like this than to run down the top statistics that indicate that we are heading straight for economic collapse – from an sunny, uplifting web site titled “The Economic Collapse“.
Well, come on over and take a look at 23 of these fabulous gems.
#99 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.
#89 According to a new study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.
#81 The cost of college tuition in the United States has gone up by over 900 percent since 1978.
#71 The United States has had a negative trade balance every single year since 1976, and since that time the United States has run a total trade deficit of more than 7.5 trillion dollars with the rest of the world.
#69 The U.S. trade deficit with China is now 27 times larger than it was back in 1990.
#65 In 2010, the number one U.S. export to China was “scrap and trash”.
#63 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#58 If you gathered together all of the workers that are “officially” unemployed in the United States today, they would constitute the 68th largest country in the world.
#57 There are fewer payroll jobs in the United States right now than there were back in 2000 even though we have added 30 million extra people to the population since then.
#45 Half of all American workers now earn $505 or less per week.
#37 According to the Mortgage Bankers Association, at least 8 million Americans are currently at least one month behind on their mortgage payments.
#35 Starting on January 1st, 2011 the Baby Boomers began to hit retirement age. From now on, every single day more than 10,000 Baby Boomers will reach the age of 65. That is going to keep happening every single day for the next 19 years.
#32 In 1950, each retiree’s Social Security benefit was paid for by 16 U.S. workers. According to new data from the U.S. Bureau of Labor Statistics, there are now only 1.75 full-time private sector workers for each person that is receiving Social Security benefits in the United States.
#22 More than 45 million Americans are now on food stamps.
#20 Approximately one-third of the entire population of the state of Alabama is now on food stamps.
#16 There are 314 counties in the United States where at least 30% of the children are facing food insecurity.
#14 More than 20 million U.S. children rely on school meal programs to keep from going hungry.
#10 The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States.
#9 The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States.
#3 The Federal Reserve made $16.1 trillion in secret loans to their friends during the last financial crisis.
#1 According to a new CNN/ORC International Poll, 27 percent of all Americans have never even heard of Federal Reserve Chairman Ben Bernanke.
Man, are we in bad shape!