-Job loss average for 09: 663,000 jobs per month
-46/50 states have MIScalculated budget short falls
-Average national monthly equity loss: 400 billion
-20 million homeowners underwater, 35-50% mortgage holders in SoCal
-Percentage of foreclosures from unemployment: 60%
-Federal income tax dropped 44% from a year ago
-Approximate number of job losses from GM/Chysler bankruptcies: 1.5-2 million
-Boomers are opting for early SS As a result, the trust fund’s annual surplus is forecast to all but vanish next year — nearly a decade ahead of schedule — and deprive the government of billions of dollars it had been counting on to help balance the nation’s books.
The Treasury Department has for decades borrowed money from the Social Security trust fund to finance government operations<---My favorite line
-Growth has gone the way of the dodo
Welcome to the New World DISorder. The emperor's cloths are made of dollars...
