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News Link • Economy - Economics USA

Presenting The Wall Of Worry: The 50 Ugliest Facts About The US eCONomy

#50) In 2010 the U.S. government is projected to issue almost as much new debt as the rest of the governments of the world combined. #49) It is being projected that the U.S. government will have a budget deficit of approximately 1.6 trillion dollars in 2010. #48) If you went out and spent one dollar every single second, it would take you more than 31,000 years to spend a trillion dollars. #47) In fact, if you spent one million dollars every single day since the birth of Christ, you still would not have spent one trillion dollars by now. #46) Total U.S. government debt is now up to 90 percent of gross domestic product. #45) Total credit market debt in the United States, including government, corporate and personal debt, has reached 360 percent of GDP. #44) U.S. corporate income tax receipts were down 55% (to $138 billion) for the year ending September 30th, 2009. #43) There are now 8 counties in the state of California that have unemployment rates of over 20 percent. #42) In the area around Sacramento, California there is one closed business for every six that are still open. #41) In February, there were 5.5 unemployed Americans for every job opening. #40) According to a Pew Research Center study, approximately 37% of all Americans between the ages of 18 and 29 have either been unemployed or underemployed at some point during the recession.

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