The Shepp Report
A Special Edition
27 Very Troubling Statistics
February 4 , 2015
Forward
A.) The Most Alarming Facts:
- For the first time ever the total number of small businesses closing has exceeded the number opening.
- Americans living in the middle 20% on the income scale say they now earn less money and have a lower net worth than six years ago
- 52% of Americans cannot afford their current home
- A third of Americans currently have a debt in collections.
- And the median household income is 8% lower than before the recession.
B.) Economic Statistics About The Middle Class Obama Won't Talk About:
Source: The Economic Collapse, by Michael Snyder, January 18, 2015
1.) American families in the middle 20 percent of the income scale now earn less money than they did on the day when Barack Obama first entered the White House.
2.) American families in the middle 20 percent of the income scale have a lower net worth than they did on the day when Barack Obama first entered the White House.
3.) According to a Washington Post article published just a few days ago, more than 50 percent of the children in U.S. public schools now come from low income homes. This is the first time that this has happened in at least 50 years.
4.) According to a Census Bureau report that was recently released, 65 percent of all children in the United States are living in a home that receives some form of aid from the federal government.
5.) In 2008, the total number of business closures exceeded the total number of businesses being created for the first time ever, and that has continued to happen every single year since then.
6.) In 2008, 53 percent of all Americans considered themselves to be “middle class”. But by 2014, only 44 percent of all Americans still considered themselves to be “middle class”.
7.) In 2008, 25 percent of all Americans in the 18 to 29-year-old age bracket considered themselves to be “lower class”. But in 2014, an astounding 49 percent of all Americans in that age range considered themselves to be “lower class”.
8.) Traditionally, owning a home has been one of the key indicators that you belong to the middle class. So what does the fact that the rate of home ownership in America has been falling for seven years in a row say about the Obama years?
9.) According to a survey that was conducted last year, 52 percent of all Americans cannot even afford the house that they are living in right now.
10.) After accounting for inflation, median household income in the United States is 8 percent lower than it was when the last recession started in 2007.
11.) According to one recent survey, 62 percent of all Americans are currently living paycheck to paycheck.
12.) At this point, one out of every three adults in the United States has an unpaid debt that is “in collections“.
13.) When Barack Obama first set foot in the Oval Office, 60.6 percent of all working age Americans had a job. Today, that number is sitting at only 59.2 percent …
14.) While Barack Obama has been in the White House, the average duration of unemployment in the United States has risen from 19.8 weeks to 32.8 weeks.
15.) It is hard to believe, but an astounding 53 percent of all American workers make less than $30,000 a year.
16.) At the end of Barack Obama’s first year in office, our yearly trade deficit with China was 226 billion dollars. Last year, it was more than 314 billion dollars.
17.) When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it is over 101 percent.
18.) The U.S. national debt is on pace to approximately double during the eight years of the Obama administration. In other words, under Barack Obama the U.S. government will accumulate about as much debt as it did under all of the other presidents in U.S. history combined.
19.) According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.
20.) The poverty rate in the United States has been at 15 percent or above for 3 consecutive years. This is the first time that has happened since 1965.
21.) From 2009 through 2013, the U.S. government spent a whopping 3.7 trillion dollars on welfare programs.
22.) While Barack Obama has been in the White House, the number of Americans on food stamps has gone from 32 million to 46 million.
23.) Ten years ago, the number of women in the U.S. that had full-time jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin. But now the number of women in the U.S. on food stamps actually exceeds the number of women that have full-time jobs.
24.) One recent survey discovered that about 22 percent of all Americans have had to turn to a church food panty for assistance.
25.) An astounding 45 percent of all African-American children in the United States live in areas of “concentrated poverty”.
26.) 40.9 percent of all children in the United States that are living with only one parent are living in poverty.
27.) According to a report that was released late last year by the National Center on Family Homelessness, the number of homeless children in the United States has reached a new all-time record high of 2.5 million.
Source: The Economic Collapse, by Michael Snyder, January 18, 2015
C.) Obama And The Democrat Party's Laughable Affordable Healthcare Act:
It Started As A Train Wreck Under Obama's Watch:
HealthCare.gov Meets The Mythical Man-Month
"Why The Obama Roll Out Failed:
"In March, Henry Chao, the chief digital architect for the Obama administration’s new online insurance marketplace, told industry executives that he was deeply worried about the Web site’s debut. “Let’s just make sure it’s not a third-world experience,” he told them….
One highly unusual decision, reached early in the project, proved critical: the Medicare and Medicaid agency assumed the role of project quarterback, responsible for making sure each separately designed database and piece of software worked with the others, instead of assigning that task to a lead contractor. Some people intimately involved in the project seriously doubted that the agency had the in-house capability to handle such a mammoth technical task….
The Government Accountability Office, an investigative arm of Congress, warned in June that many challenges had to be overcome before the Oct. 1 rollout…. But Mr. Chao’s superiors at the Department of Health and Human Services told him, in effect, that failure was not an option, according to people who have spoken with him…. Former government officials say the White House, which was calling the shots, feared that any backtracking would further embolden Republican critics who were trying to repeal the health care law."
New York Times, October 12, 2013
Thus, we see that the wrong people were put in charge; ultimately, some of the wrong people were 'calling the shots' from the White House, where 'deliberate' and 'even heroic' actions were lacking. And, as we see, in the real world, failure is indeed an option."
The Catholic Lane, - Read More, October 24, 2013
New Bombshell 2015 Report Reveals How Much Obamacare Costs Per Taxpayer; It’s Astonishing!
Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report. Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years:
- Government will spend $1.993 trillion over a decade and take in $643 billion in new taxes, penalties and fees related to Obamacare
- The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured. The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance.
It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday. The number comes from figures buried in a 15-page section of the nonpartisan organization's new ten-year budget outlook. . . . DailyMail - Read More, January 26, 2015
D.) Republicans Sounded A Warning Bell When Democrats Rammed Through The "Affordable" Obamacare
Paul Ryan: Hiding Spending Doesn't Reduce Spending, Feb 2010 - YouTube
What The Early Affordable Care Operational Chart Looked Like
Source: Scott Spiegal
Click Here To View The 2014 Operational Chart
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