USA Soon to be History

[bd77]

Originally Posted by sdsinc

You will even be able to import slaves again.

I hope you were joking Kate. Most southerners didn't own slaves. In fact I believe that slave owners made up less then 5% of the population prior to the war.

[Gregcyber]

Greenspan sees strong finish to 2009, worries on 2010


WASHINGTON (Reuters) - The U.S. economy is probably due for two strong quarters of economic growth to close out 2009, but the recovery may falter next year, former Federal Reserve Chairman Alan Greenspan said on Monday.

http://www.reuters.com/article/newsO...57G5FJ20090817


Senate must raise debt ceiling above $12T

The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink.

http://thehill.com/homenews/senate/5...ling-above-12t



The Social Security Trust Fund reported an August net deficit of $5.865 Billion. This is the largest monthly deficit in nineteen years. Base on recent years data it was not surprising the Fund ran a deficit in August. But the magnitude of the shortfall was a surprise to me. This deficit is now the seventh in the past twelve months. That pace has never been seen before.
http://www.istockanalyst.com/article...icleid/3464994

Food stamp list soars past 35 million: USDA

WASHINGTON (Reuters) - More than 35 million Americans received food stamps in June, up 22 percent from June 2008 and a new record as the country continued to grapple with the worst recession since the Great Depression of the 1930s.
http://www.reuters.com/article/domes...rpc=22&sp=true

Californian jobless rate at 40% of working age population

A report released Sunday says two of five working-age Californians do not have a job, underscoring the challenges in one of the toughest job markets in decades. A new study has found that the last time employment levels among this group were this low was February 1977.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/09/06/state/n000211D96.DTL&ref=patrick.net#ixzz0QkVDnuSc

Job openings down 50% from the peak in 2007

Six unemployed people compete for every available position.

WASHINGTON (MarketWatch) -- The number of open U.S. jobs fell 50% over the past two years to a seasonally adjusted 2.4 million in July, the lowest in the brief history of the data, the Labor Department reported Wednesday.
http://www.marketwatch.com/story/job...007-2009-09-09

Another Wave of Foreclosures Looms

The housing market faces the prospect of a new round of foreclosures as hundreds of thousands of risky home loans known as option adjustable-rate mortgages reset to significantly higher payments that could force borrowers to fall behind, according to a report released Tuesday by Fitch Ratings.
http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

[centurion]

Those quotes are from a Russian article, aren't they ? But that feeling in your gut that there is something wrong is correct. America will be the last victim of the Cold War. No way the US can keep having these trade deficits with no game plan except printing more money. Things will get interesting when we are forced to bring in our troops from overseas.