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Friday February 23rd 2024

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If You Aren’t Already Living Simply, Read This

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The name of the article is “50 Statistics about the U. S. Economy That Are Almost Too Crazy to Believe.”

RecessionThe sad truth is that I’ve read each of these 50 things in one place or another. Seeing them individually, I knew we were in trouble. Seeing them collected in a great big pile, I’d say the country is in crisis, and there’s not going to be any quick turn around, no matter what your President or the media may say.

Parents at the Helm, please don’t be lulled to sleep. Please get your Plan B…and C and quite possibly D.

Below I’ll share the first 10 stats; please click on the link and read the article to get the full gist.

#50) In 2010 the U.S. government is projected to issue almost as much new debt as the rest of the governments of the world combined.

#49) It is being projected that the U.S. government will have a budget deficit of approximately 1.6 trillion dollars in 2010.

#48) If you went out and spent one dollar every single second, it would take you more than 31,000 years to spend a trillion dollars.

#47) In fact, if you spent one million dollars every single day since the birth of Christ, you still would not have spent one trillion dollars by now.

#46) Total U.S. government debt is now up to 90 percent of gross domestic product.

#45) Total credit market debt in the United States, including government, corporate and personal debt, has reached 360 percent of GDP.

#44) U.S. corporate income tax receipts were down 55% (to $138 billion) for the year ending September 30th, 2009.

#43) There are now 8 counties in the state of California that have unemployment rates of over 20 percent.

#42) In the area around Sacramento, California there is one closed business for every six that are still open.

#41) In February, there were 5.5 unemployed Americans for every job opening.

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One Response to “If You Aren’t Already Living Simply, Read This”

  1. Mother Mary says:

    Linda, I think much of the answer is as old as civilization: we have to be responsible for ourselves and not depend on a government, corporations or other people. Homeschooling is just another aspect of that ideal, a rejection of the uncertainty of government services. If our own houses are prepared we are less affected by the whims of government and economic factors.

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