Some Dishearten…

Some Disheartening Facts


by George Burns

Below are some random items I have accumulated over the past several months.  These are among the more disheartening ones.  I think you will agree. 
1.  As recently as 24 January 2011, the National Council on Aging reported that a government analysis found that one in six elderly Americans were living at or below the federal poverty level.  Given the state of the economy that number has most likely increased since.
2.  A 17 September 2012 article reports that the Social Security Administration recently released data showing that as of this month 8,786,049 American workers are collecting federal disability payments, a new record and an 18,108 increase over the August figures.  The number of workers receiving disability payments has quadripled over the past 45 years relative to the actual number of workers.  
3. In January 2012 Investers Business Daily reported that over the past four decades government direct payments to individuals has been on a gradual upward spiral.  However, the last three years have seen a 32% increase totaling $600 billion.  Given current projections another increase of $500 billion will occur by 2016.  At that time direct government payments to individuals will consume two-thirds of all federal spending.
4.  According to the most recent Bureau of Labor Statistics (BLS) numbers the nation’s unemployment rate has been above 8.1% for the past 43 consecutive months.  In contrast during the 60 years between 1948 and 2008 the monthly unemployment ratetopped 8% only 39 times.  Further, we learn from Donald Lambro that the BLS numbers show that over the past four years unemployment has increased in 26 states.  In addition, BLS numbers reveal “that the number of working Americans shrank last month as payrolls fell in 21 states, the result of tens of millions of discouraged workers who have stopped looking for a job and are no longer counted.”
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