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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (31186)6/4/2010 9:59:56 AM
From: FJB1 Recommendation  Read Replies (1) | Respond to of 103300
 
Census Worker Claims Job Numbers Are Being Inflated

June 03, 2010

VIDEO:
realclearpolitics.com

"What they do is hire you, they train you like a few weeks -- 35, 40 hours of training and give you six hours of productive work and lay you off." a former Census named "Maria" tells FOX News. "Maria" further explains they rehire you so it counts as a new job.



To: GROUND ZERO™ who wrote (31186)6/5/2010 1:05:39 PM
From: Hope Praytochange  Read Replies (2) | Respond to of 103300
 
88%: Gross U.S. public debt as a share of annual economic output.

There’s little doubt that the U.S. needs to get its mounting debts under control. But at what point do they become a clear and present danger?

By some measures, we’re reaching that point about now. As of Friday, our total national debt – the sum of all outstanding IOUs issued by the U.S. Treasury – stood at a bit more than $13 trillion, or almost 90% of our projected gross domestic product for 2010.

The 90% level is significant, because recent research by economists Carmen Reinhart and Kenneth Rogoff suggests that once a developed nation’s debt crosses it, its annual economic growth tends to be about one percentage point lower. At a time when economists are saying it could take years for the U.S. to bring unemployment back down to pre-recession levels, that percentage point could make a big difference.