americans

Seven devastating, inescapable economic facts for America

Monday, January 20, 2014 by: J. D. Heyes
Tags: economic facts, America, financial demise

eTrust Pro Certified

Delicious Pin It
(NaturalNews) The stock market appears to be doing better and some companies are hiring again. Meanwhile, home prices have risen somewhat, banks are beginning to lend again and the jobless rate is the lowest it has been in about five years.

Things are finally looking up - right?

Um, not so much.

On the outside, the U.S. economy appears to be recovering from dramatic lows just a few years ago, when the country was navigating through one of its worst financial crises in history. But before you pop the cork on the champagne bottle and celebrate, there are seven things you need to understand about the real state of the economy that don't bode well for our future, if they remain unchanged:

-- Nearly 92 million Americans have dropped completely out of the workforce, and no, it's not because an unusually large number of us are retiring. According to the Labor Department, the latest figures show that a record 91.8 million Americans are no longer in the labor force, which helps explain last month's .3-percent drop in the unemployment rate (it wasn't because hundreds of thousands of Americans found jobs). As reported by Breitbart News, "to be included in the Labor Department's calculations for this statistic, a person must be 16 years or older, a civilian, not in an institution (such as prison), and someone who has not looked for a job in the last four weeks."

Hit especially hard? Minorities. Dean Baker of the Center for Economic and Policy Research noted in an interview with PBS that last month's seemingly rosy jobs report also saw "the lowest rate of labor force participation among African-American men since we have kept that count. So that was really striking."

--Since 2009, the year the "recovery" officially began, some 9.6 million people have entered the workforce. Michael Snyder of The Economic Collapse Blog puts it in perspective:

The number of working age Americans that do not have a job has increased by nearly 10 million since Barack Obama first entered the White House. In January 2009, the number of "officially unemployed" workers plus the number of Americans "not in the labor force" was sitting at a grand total of 92.6 million. Today, that number has risen to 102.2 million. That means that the number of working age Americans that are not working has grown by close to 10 million since Barack Obama first took office.

--A record number of Americans - 47.4 million - now must rely on food stamps, in full or in part, in order to feed themselves. That's about one in every six Americans, according to the U.S. Department of Agriculture, which manages the food stamp program. As you might imagine, as the number of food stamp recipients as risen, so has the cost of the program to taxpayers.

-- A record number of Americans are also receiving disability now. That figure has swollen to 10.98 million; what's more, a number of congressional studies have also revealed that disability programs are rife with waste, fraud and abuse [http://www.breitbart.com]. In fact, taxpayers are spending more on Disability than food stamps and welfare combined.

--Between 2009-2011, nearly one in three Americans lapsed into poverty. One in three. Does that sound like an economic recovery to you? That is a 4.5 percent increase over the 2005-2007 timeframe, according to the U.S. Census Bureau.

More Americans don't think they are making economic headway. In fact, in a recent survey, 42 percent said they viewed themselves as worse off financially now than they were a year ago.

And finally, the level of U.S. debt continues to spiral upward, leaving our children and grandchildren saddled with the bill. As of this writing, the national debt stood at more than $17.3 trillion - and that doesn't even count all of the unfunded liabilities like Medicare, Social Security and now Obamacare. These are unsustainable programs, according to the Government Accountability Office.

Sources:

http://www.breitbart.com

http://www.pbs.org/newshour/bb/business/jan-june14/jobs_01-10.html

http://www.usdebtclock.org/

Get breaking news alerts on GMOs, fluoride, superfoods, natural cures and more...
Join over four million monthly readers. Email privacy 100% protected. Unsubscribe at any time.


Have comments on this article? Post them here:

comments powered by Disqus

Take Action: Support NaturalNews.com

Email this article to a friend

Permalink to this article:

Reprinting this article: Non-commercial use OK, cite NaturalNews.com with clickable link.

Embed article link: (copy HTML code below):
Most Popular
Today | Week | Month | Year

See all Top Headlines...



GET SHOW DETAILS
+ a FREE GIFT

Now Available at ShopNaturalNews.com

O3 Essentials OraJuvenate™
A powerful, cleansing dental cream for maximum oral/dental health.
New Cancer Solutions
Over 3 hours of content covering today’s best cancer tests, how to kill cancer cells and the best diets and exercise routines.
Freeze-Dried 100% Organic Whole Corn
Our freeze-drying method preserves taste, texture and nutrients better than any other food preservation method ever invented.
Fenix TK35 Flashlight
Tough, waterproof, extremely bright and it’s touted to throw an 800+ lumen beam more than 1,000 feet into the night.
Inca Treasure Smoothie Pack
This pack of our four most popular superfoods from South America is the perfect combo pack for smoothie lovers.
Pink Himalayan Salt
This salt delivers significant levels of magnesium, zinc and selenium, with trace levels of dozens of other elements.
Pinhole Glasses - Aviator Style
Pinhole glasses are becoming famous for helping people improve their vision without the risks of laser surgery.
Oxy-Rich Facial Serum
O3 Essentials Jojoba Oxy-Rich Facial Serum is cellular nourishment for your skin. Helps smooth fine lines while enhancing tissue elasticity.
Freeze-Dried 100% Blackberry Halves
Our freeze-dried blackberry halves are grown in Serbia under strict organic standards.

Also on NaturalNews:

Health Ranger Videos
Activist music
CounterThink Cartoons
Food documentaries
FREE Special Reports
Podcasts
Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

Most Popular Stories

Flu shot kills 19-year-old, but vaccine industry still has total immunity against lawsuits
Here's a nutty fact: Eating more tree nuts lowers the risk of all-cause death by up to 20 percent
Six important facts you're not being told about lost Malaysia Airlines Flight 370
Malaysia Airlines Flight 370 now clearly a government cover-up: All evidence contradicts official story
10 other companies that use the same Subway yoga mat chemical in their buns
BLM fracking racket exposed! Armed siege and cattle theft from Bundy ranch really about fracking leases
High-dose vitamin C injections shown to annihilate cancer
U.S. treating meat with ammonia, bleach and antibiotics to kill the '24-hour sickness'
USDA to allow U.S. to be overrun with contaminated chicken from China
Vaccine fraud exposed: Measles and mumps making a huge comeback because vaccines are designed to fail, say Merck virologists
Battle for humanity nearly lost: global food supply deliberately engineered to end life, not nourish it
Diet soda, aspartame linked to premature deaths in women

25 Amazing Facts About Food

This FREE downloadable report unveils a collection of astonishing and little-known facts about the food we eat very day. Click here to read it now...

 

Resveratrol and its Effects on Human Health and Longevity - Myth or Miracle.

Unlock the secrets of cellular health with the "miracle" nutrient Resveratrol Click here to read it now...

 

Nutrition Can Save America

FREE online report shows how we can save America through a nutrition health care revolution. "Eating healthy is patriotic!" Click here to read it now...

The Healing Power of Sunlight and Vitamin D

In this exclusive interview, Dr. Michael Holick reveals fascinating facts on how vitamin D is created and used in the human body to ward off chronic diseases like cancer, osteoporosis, mental disorders and more. Click here to read it now...

Vaccines: Get the Full Story

The International Medical Council on Vaccination has released, exclusively through NaturalNews.com, a groundbreaking document containing the signatures of physicians, brain surgeons and professors, all of which have signed on to a document stating that vaccines pose a significant risk of harm to the health of children. Click here to read it now...

Health Ranger Storable Organics

GMO-free, chemical-free foods and superfoods for long-term storage and preparedness. See selection at www.StorableOrganics.com



Recommended Resources On:

Natural News trends
Health Ranger news
Natural News GMOs
Mike Adams tracker
Natural News photos
Natural News Global
Natural News in focus
Natural News connect
Natural News shocking stories
Natural News radar
GMOs
Quackwatch
Vaccines
Health freedom
Dr. Paul Offit

This site is part of the Natural News Network © 2014 All Rights Reserved. Privacy | Terms All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing International, LTD. is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Truth Publishing assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published here. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

eTrust Pro Certified Android app on Google Play

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.