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Old 09-11-2011, 04:07 PM
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Default OMG: Obama must go.
1. U.S. sovereign debt downgrade: first in American history.

2. Federal spending (25% of GDP): highest since World War II.

3. Budget deficit (10% of GPD): highest since Words WarII.

4. Federal debt ( 67% of GPD): highest since just after WWII.

5. Employment (58.1% of population working): lowest since 1983.

6. Long-term unemployment (45.9% of total): highest since 1930s.

7. Increase in nonfarm payroll employment (0.5%) since recovery began 26 months ago: slowest job growth 26 months after a severe recession since WWII.

8. Home ownership rate (59.7%): lowest since 1965.

9. Percentage of taxpayers paying income tax (49%) lowest in modern era.

10. Government dependency (47%), defined as the percentage of persons receiving one or more federal benefit payments: highest in history.


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