Dr. Ileana Johnson Paugh
The United States recently experienced the most severe recession since the end of World War II. The housing collapse, the resulting economic downturn, TARP, and various bailouts and economic stimuli resulted in a rapid buildup in federal debt held by American taxpayers, 36 percent of GDP at the end of 2007, 62 percent of GDP at the end of 2010, and 100 percent of GDP at the end of 2011. Our national debt is $17 trillion, on par with gross domestic product.
Almost half of all Americans under the age of 30 do not have a job. One in five men of working age is unemployed. Twenty-five percent of college graduates are without a job with no prospects in sight. There are 13.1 million unemployed Americans.
Read more: http://www.canadafreepress.com/index.php/article/44258
The United States recently experienced the most severe recession since the end of World War II. The housing collapse, the resulting economic downturn, TARP, and various bailouts and economic stimuli resulted in a rapid buildup in federal debt held by American taxpayers, 36 percent of GDP at the end of 2007, 62 percent of GDP at the end of 2010, and 100 percent of GDP at the end of 2011. Our national debt is $17 trillion, on par with gross domestic product.
Almost half of all Americans under the age of 30 do not have a job. One in five men of working age is unemployed. Twenty-five percent of college graduates are without a job with no prospects in sight. There are 13.1 million unemployed Americans.
Read more: http://www.canadafreepress.com/index.php/article/44258
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