U.S. Economy is NOT Getting “Better” – It’s Dying!

The numbers don’t lie, and statistic after statistic shows that the economic fundamentals continue to get progressively worse… and anyone who claims that things are getting “better” is either ignorant, completely deluded or is purposely lying. The U.S. economy is not getting “better”. The U.S. economy is dying! Words: 970

So says an article* at http://theeconomiccollapseblog.com entitled “15 Economic Statistics That Keep on Getting Worse.” Below Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com, presents further reformatted and edited [..] excerpts from the article for the sake of clarity and brevity to ensure a fast and easy read. (Please note that this paragraph must be included in any article reposting to avoid copyright infringement.) The article goes on to say:

The U.S. government can continue to try to pump up with economy with more debt, but the reality is that there is not going to be a legitimate “recovery” until consumer spending rebounds. Consumer spending makes up the vast majority of U.S. GDP. Without good jobs, however, consumers are not going to be able to spend money and, unfortunately, our jobs base continues to be erode as millions upon millions of middle class jobs are shipped over to China, India and dozens of third world nations by the global predator corporations that now dominate the world economy. So where does that leave middle class American “consumers”? Well, it leaves us in a world of hurt.

15 Key Economic Statistics That Just Keep Getting Worse

1. The number of Americans who are receiving food stamps rose to a new all-time record of 40.8 million in May and has set a new all-time record for 18 months in a row. There is every indication that things are going to get even worse. The U.S. Department of Agriculture projects that the number of Americans on food stamps will increase to 43 million in 2011.

2. The U.S. economy lost 131,000 more jobs during the month of July… and has lost 10.5 million jobs since 2007. Meanwhile, immigrants (both legal and illegal) continue to pour into this nation in unprecedented numbers.

3. Americans who are out of work are finding it incredibly difficult to get back into the workforce with the average time needed to find a job having risen to an all-time record of 35.2 weeks.

4. The U.S. government keeps trying to pump up the economy with debt, and in the process things are getting wildly out of control. According to a U.S. Treasury Department report to Congress, the U.S. national debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015.

5. The interest on all of this debt is becoming increasingly oppressive. (To continue reading this article go here.)

*http://theeconomiccollapseblog.com/archives/15-economic-statistics-that-just-keep-getting-worse

Editor’s Note:
– The above article consists of reformatted edited excerpts from the original for the sake of brevity, clarity and to ensure a fast and easy read. The author’s views and conclusions are unaltered.
– Permission to reprint in whole or in part is permitted provided full credit is given