Posted on 10/24/2013 10:04:44 AM PDT by whitedog57
According to data released Tuesday by the Census Bureau, 49.2 percent of Americans received benefits from one or more government programs in the fourth quarter of 2011.
govtbene
And, of course, When Obamacare is fully implemented on Jan. 1, 2014, Americans earning up to 400 percent of the poverty level will qualify for a federal subsidy to buy health insurance.
Speaking of more and more people of the government dole, RealtyTrac estimates that 47% of the nation’s foreclosed homes are currently occupied. The percentage actually tops 60% in some hot housing markets, like Miami and Los Angeles. Those still living in repossessed homes include both former owners and renters. Either way, their time in the homes is mortgage and rent free.
Meanwhile, manufacturing output plunged to the lowest level since 2009.
Markit PMI Output_0
This is not all that surprising given that the USA has the second lowest labor force participation rate in the world, after Mexico. And M2 Money Velocity spirals down with labor force participation.
m2vellfp
Real median household income is lower than it was in 2000.
household-income-real1-13a
And other measures of the economy continue to decelerate.
decelnation
As our economy decelerates, expect to see more households on government benefits. Unless we run out of money.
Meanwhile, the Jeffrey Lebowskis almost hold a majority. And will after Obamacare goes into effect in 2014.
the-dude-from-the-big-lebowski-1
Markit PMI Output_02vellfp household-income-real1-13a decelnation the-dude-from-the-big-lebowski-1 !!!!
As our economy decelerates, expect to see more households on government benefits. Unless we run out of money
The “magic” money keeps flowing! They are probably feeling a bit like the sorcerer’s apprentice right now. How do they stop this?
“After flirting for months with the idea of curtailing stimulus, the Fed said in September it would continue purchasing $85 billion of bonds a month, citing the need to see more evidence that the U.S. economy will improve. That came less than two weeks before a 16-day U.S. government shutdown that postponed releases of key data the Fed is relying on to guide its policy decisions. The Fed’s strategy also took a hit from this week’s news that employers added fewer workers to payrolls than projected in September.
The Fed will wait until March before slowing the pace of its third round of quantitative easing, according to the median estimate of economists in an Oct. 17-18 Bloomberg survey.”
The couple behind me haven’t made a house payment in over a year.
Beatings will continue until morale improves. The “easing” will go on until we run out of zeros to add to the price of things. What once cost a penny in this country now costs a dollar and soon will cost ten, then one hundred, then a thousand etc. until as in Zimbabwe there will not be room enough on a paper bill to contain enough zeroes to buy what used to cost one penny. The government will report one half of one percent annual inflation, well below the “goal” of two percent. Nancy Pelosi will claim that Obama has conquered inflation and paid off the national debt.
Fun read
From the article
“my husband asked if I actually had any verifiable proof that anyone in Germany (or anywhere else) bought bread (or anything else) with a wheelbarrow full of money. It’s something we’ve both heard people say, but I must admit, I couldn’t quote a source.”
http://keripeardon.wordpress.com/2013/06/01/wheelbarrows-of-money-and-the-weimar-republic/
How do they stop this? (the cash flow)
What will stop the cash flow for the federal government? I don’t know. it will take something major. The best example I know of is the USSR. We woke up one morning and read the headlines and learned it was kaput. But there were many small things as far as I can tell leading up to it.
1) the international sources stopped lending to USSR.
2) The satellite countries began to ignore the central government and found ways to keep money and power for themselves.
3) The people said enough and went underground with the economy and began to ignore the centralized govt.
4) there were other small things leading up to this. Big things don’t happen in isolation, they are the sum of many small things.
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