Deceleration Nation: 50% Of Defaulters Live In Homes Rent-free While 49% Of Americans On The Dole

Confounded Interest ^ | 10/24/2013 | Anthony B. Sanders

[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

[whitedog57]

Obama DID fundamentally transform our nation via Cloward-Piven.

[VanDeKoik]

Yes! Overwhelm the system. It is near impossible to remove these people from these houses. Too much paperwork. Too little staff. You can live in these houses for years before the courts get to you. Pocket all of the payments you would have paid to them, and you are set.

[DannyTN]

"given that the USA has the second lowest labor force participation rate in the world, after Mexico"

Nice job Congress! Now can we raise the import tariffs back up and put Americans back to work?

[GeronL]

We were the most wealthy and productive nation on Earth not too long ago

[upchuck]

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.

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.

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.

Real median household income is lower than it was in 2000.

And other measures of the economy continue to decelerate.

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.

[Democrat_media]

The only thing that might help this Country now is a 10 mile long meteor hitting the Earth

[Rashputin]

Elections have consequences. But as my neighbor puts it, at least we don't have a Mormon for president.

Seems to me that, "teach Republicans a lesson, don't vote" stuff isn't working out so well.

[Buckeye McFrog]

I am really kicking myself for not buying a house 3 or 4 more times more expensive than I could have afforded. I could be living rent-free in a beautiful McMansion in the suburbs, instead of my 90 year-old fixer upper.