Two weeks before the most outrageous presidential election in history, the stakes for the economic future of our country are high. There is no question that the U.S. economy is in terrible shape and that the policy decisions made in the last ten years have negatively affected everyone who trades, invests, and use the U.S. dollar as a reserve currency. Are voters going to choose free market economic recovery with Trump or global collectivism with Clinton?
The government statistics claim that there are officially 8 million unemployed but the actual unemployment numbers are closer to 16 million people. The reported labor force of almost 156 million in 2000 has shrunk to 152 million today. The reported number of Americans “not in the labor force” is an astonishing 94 million. These are discouraged workers who are no longer counted as unemployed. This explains why this administration’s unemployment numbers are so rosy and low. For up to date numbers, visit the national debt clock.
Our national debt is astronomical, approaching $20 trillion while GDP is below $19 trillion. We already owe more than we make in a year in final goods and services. Gross debt to GDP ratio is 106.38 percent. The U.S. total debt is $67 trillion. However, if we add all the unfunded liabilities such as...Read More HERE