Tuesday, February 12, 2013

STATE OF THE UNION


As President Obama prepares to give his annual State of the Union address, many economic indicators remain gloomy at best. Included below is a collection of economic and fiscal facts that highlight the current state of the nation

$46.2 Trillion: Total Federal Spending Proposed By Obama’s FY2013 Budget Through 2022.

$25.4 Trillion: Projected Federal Debt In 2022 Due To Obama’s Binge Spending.

$16.5 Trillion: Current U.S. Federal Debt

$9.2 Trillion: Amount Obama’s FY2013 Budget Would Add To The Debt Through FY2022.

$1.413 Trillion: Federal Budget Deficit For FY2009 – Highest In U.S. History.

$1.09 Trillion:  Federal Budget Deficit For FY2012 – Fourth Highest In U.S. History.

$2.6 Trillion: True Cost Of ObamaCare Once Fully Implemented.

7 Million: Amount Of Americans Who Will Lose Their Employer-Based Health Insurance Due To ObamaCare.

$1.9 Trillion: Higher Taxes In Obama’s Budget.

$1.75 Trillion: Annual Cost Of Federal Regulations.

23 Million: Number of Unemployed and Underemployed Americans.

In January 2009, the Unemployment Rate was 7.8 percent. In January 2013, the Unemployment Rate was 7.9 percent.

14.4%: The Current, Real (U-6) Unemployment Rate.

1.4%: Projected GDP Growth In 2013. Anything below 2% has historically been considered dangerous.

Obama will paint this as "No problem. If you don't believe it, just ask me. We will spend our way to recovery. Just you wait and see. Everything will be just fine."

Hyper-inflation here we come...