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Ron Paul Says Real Unemployment Figure is 20%

A week after proposing his economic recovery plan, Republican presidential hopeful Ron Paul said Sunday that the true unemployment rate in the United States is higher than the 9.1% estimated by the Bureau of Labor Statistics.

"I think the downturn in the economy occurred in the year 2000," Paul told CNN, adding that there have been no new jobs since then "and yet we've had a 30 million increase in population."

"Just go out and talk to the people - unemployment rate in the true numbers (is) over 20%, so there's been a depression," Paul said after an appearance on NBC's "Meet the Press."

The Bureau of Labor Statistics puts the number of unemployed Americans at 14 million.

Paul's campaign has proposed cutting $1 trillion from the budget in his first year in office if elected. His economic plan calls for lowering the corporate tax rate to 15%, an extension of all Bush-era tax cuts and an end to taxing personal savings.
"Let the people spend the money instead of the government," Paul said. 

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