Monday, November 12, 2012

Base Facts - Keep to Compare over next four years


Base facts:

Unemployment
9/2008 8m unemployed 5.4% rate
9/2012 12.5m unemployed 8.1%

Median Household Income
9/2008 = $54,788
9/2012 = $50,054

Price of Gasoline
9/2008 =         $1.92
9/2012 =         $3.83

Federal Debt
9/2004            $7.4 Trillion
9/2012            $16.1 Trillion

Presidential Perks
2011 = $1.4 billion

Royal Family Perks
2011 = $57.8 million

Welfare Benefits for low income people
2008   =          $563 Billion
2012   =          $746 Billion

National Debt
Federal debt exploded during World War II to over 120 percent of GDP, and then began a decline that bottomed out at 32 percent of GDP in 1974. Federal debt almost doubled in the 1980s, reaching 60 percent of GDP in 1990 and peaking at 66 percent of GDP in 1996, before declining to 56 percent in 2001. 

Federal debt started increasing again in the 2000s, reaching 70 percent of GDP in 2008. Then it exploded in the aftermath of the Crash of 2008, reaching 102 percent of GDP in 2011.
 Federal debt has breached 100 percent of GDP twice since 1900: during World War II and in the aftermath of the Crash of 2008

* As of November 1, 2012, the official debt of the United States government is $16.2 trillion ($16,221,685,381,838).[1] This amounts to:
• $51,616 for every person living in the U.S

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