14 Eye Opening Statistics Which Reveal Just How Dramatically The U.S. Economy Has Collapsed Since 2007

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The Economic Collapse

Most Americans have become so accustomed to the “new normal” of continual economic decline that they don’t even remember how good things were just a few short years ago.  Back in 2007, unemployment was very low, good jobs were much easier to get, far fewer Americans were living in poverty or enrolled in welfare programs and government finances were in much better shape.  Of course most of this prosperity was fueled by massive amounts of debt, but at least times were better.  Unfortunately, things have really deteriorated over the last several years.  Since 2007, unemployment has skyrocketed, foreclosures have set new all-time records, personal bankruptcies have soared and U.S. government debt has gotten completely and totally out of control.  Poll after poll has shown that Americans are now far less optimistic about the future than they were in 2007.  It is almost as if the past few years have literally sucked the hope out of millions upon millions of Americans.

Sadly, our economic situation is continually getting worse.  Every month the United States loses more factories.  Every month the United States loses more jobs.  Every month the collective wealth of U.S. citizens continues to decline.  Every month the federal government goes into even more debt.  Every month state and local governments go into even more debt.

Unfortunately, things are going to get even worse in the years ahead.  Right now we look back on 2005, 2006 and 2007 as “good times”, but in a few years we will look back on 2010 and 2011 as “good times”.

We are in the midst of a long-term economic decline, and the very bad economic choices that we have been making as a nation for decades are now starting to really catch up with us.

So as horrible as you may think that things are now, just keep in mind that things are going to continue to deteriorate in the years ahead.

But for the moment, let us remember how far we have fallen over the past few years.  The following are 14 eye opening statistics which reveal just how dramatically the U.S. economy has collapsed since 2007….

#1 In November 2007, the official U.S. unemployment rate was just 4.7 percent.  Today, the official U.S. unemployment rate is 9.4 percent.

#2 In November 2007, 18.8% of unemployed Americans had been out of work for 27 weeks or longer.  Today that percentage is up to 41.9%.

#3 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer.  Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#4 Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many as were receiving it back in 2007.

#5 More than half of the U.S. labor force (55 percent) has “suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers” since the “recession” began in December 2007.

#6 According to one analysis, the United States has lost a total of approximately 10.5 million jobs since 2007.

#7 As 2007 began, only 26 million Americans were on food stamps.  Today, an all-time record of 43.2 million Americans are enrolled in the food stamp program.

#8 In 2007, the U.S. government held a total of $725 billion in mortgage debt.  As of the middle of 2010, the U.S. government held a total of $5.148 trillion in mortgage debt.

#9 In the year prior to the “official” beginning of the most recent recession in 2007, the IRS filed just 684,000 tax liens against U.S. taxpayers.  During 2010, the IRS filed over a million tax liens against U.S. taxpayers.

#10 From the year 2000 through the year 2007, there were 27 bank failures in the United States.  From 2008 through 2010, there were 314 bank failures in the United States.

#11 According to the U.S. Department of Housing and Urban Development, the number of U.S. families with children living in homeless shelters increased from 131,000 to 170,000 between 2007 and 2009.

#12 In 2007, one poll found that 43 percent of Americans were living “paycheck to paycheck”.  Sadly, according to a survey released very close to the end of 2010, approximately 55 percent of all Americans are now living paycheck to paycheck.

#13 In 2007, the “official” federal budget deficit was just 161 billion dollars.  In 2010, the “official” federal budget deficit was approximately 1.3 trillion dollars.

#14 As 2007 began, the U.S. national debt was just under 8.7 trillion dollars.  Today, the U.S. national debt has just surpassed 14 trillion dollars and it continues to soar into the stratosphere.

So is there any hope that we can turn all of this around?

Unfortunately, the massive amount of debt that we have piled up as a society over the last several decades has made that impossible.

If you add up all forms of debt (government debt, business debt, individual debt), it comes to approximately 360 percent of GDP.  It is the biggest debt bubble in the history of the world.

If the federal government and our state governments stop borrowing and spending so much money, our economy would collapse.  But if they keep borrowing and spending so much money they will continually make the eventual economic collapse even worse.

We are in the terminal stages of the most horrific debt spiral the world has ever seen, and when the debt spiral gets stopped the house of cards is going to finally come down for good.

So enjoy these times while you still have them.  Yes, today is not nearly as prosperous as 2007 was, but today is most definitely a whole lot better than 2015 or 2020 is going to be.

Sadly, we could have avoided this financial disaster completely if only we had listened more carefully to those that founded this nation.  Once upon a time, Thomas Jefferson said the following….

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

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2 Responses

  1. apreciated, the consequence of the game is power and not monetarian benefit but as long as there are 98% of stupid consuming political and financial experts ruling the world into death and silencing the mafia in the background everybody keep talking and wondering in circles. The solution would be ending the money emission system owners and death sentence for mass manipulation those and all busy helpers including world bank, IMF, Bank of development, Central Bankers everywhere, leading politians and economic science popes and certain religious leaders. BUT we can jump out of the wheel as well and let them play chess with virtual numbers and meaningless notes, get self sustainable and focus on evolution in societies and democratic truth.

    Humanity reached again a principal crossroad and all YOU got to do is to desite which way to go and how to protect your beloved ones. You keep going the route of this misreable debt game established or you step out of it and care for the true meaning of life.

    Lucky Saint Luis
    of
    SLAVES UNITED

  2. ALL’ALBA DEL GIORNO PIU BELLO PER I FIGLI DI DIO.

    DIO UNO NOSTRO UNICO SIGNORE CREATORE, all’alba del giorno più bello Apporterà il Profetico Rapimento in Estasi nei Cieli dei suoi Figli in Avvenimento Soprannaturale.

    Ciò che dal Creatore viene al Creatore Torna, i figli di DIO facciano ritorno al PADRE.

    La via dell’Ascensione in corpo, mente, Anima e Spirito per L’Umanità in DIO ad opera del Messia Divinità JESUS CRISTUS, sia.

    Ciò che è stato sarà di Nuovo, al Tramonto dei nostri Tempi, al Sorgere di una Nuova Terra in un Nuovo Cielo per una Nuova Umanità Ri – Voluzio – Nata.

    SI FACCIA RITORNO ALL’IDDIO UNO IN SPIRITO DI AMORE E VERITA’.

    L’Umanità è pronta nella sua ulteriore Ciclica Ri – genera – azione, si perpetui la Nuova Umanità Purificata e proiettata a Nuova VITA in un Nuovo Cielo e nella Nuova Terra purificata.

    Benedico ogni Singola Anima in DIO e tutti i suoi Popoli della Terra, IN NOME DEL PADRE, DEL FIGLIO E DELLO SPIRITO SANTO GENERATORE DELLA SANTISSIMA VERGINE MARIA MADRE DI DIO. LO SPIRITO SANTO SCENDA SU DI NOI E VI RESTI PER SEMPRE.

    IL MESSIA DIVINITA’ sia su tutti noi, anticipa il tuo Ritorno, SIGNORE ti imploriamo, mea culpa mea culpa mea grandissima culpa, SIA BENEDETTO IL SUO NOME IN ETERNO, VENGA IL REGNO DI DIO IN TERRA VENGA IL SUO REGNO.

    La Battaglia Finale degli Spiriti è già in Atto, IL REGNO DI DIO TRIONFERA’ sul regno dei demoni, Fratelli in DIO non abbiate paura, CON IL MESSIA DIVINITA’ GESU’ CRISTO SIGNORE nei nostri cuori non abbiamo motivo di avere paura, JESUS CRISTUS SIGNORE SALVATORE E NOSTRO UNICO CREATORE ci tiene a sua Cura e Protezione.

    Ad opera del SIGNORE sia L’Ascensione nei Cieli per i Figli di DIO.

    Prepariamoci ad accogliere gli Eventi, inizino i Canti e le Danze di Liberazione dalle paure e dalle angosce Umane, Un Nuovo RI – Inizio dell’Umanità che dalla Jèrusalem Celeste nei cieli Purificata e in Terris Reinserita, sta, per porsi in essere. IL Signore porta in salvo i suoi Figli.

    DIO E’ UNO, PADRE DI OGNI UOMO FIGLIO DEL SIGNORE.
    Gloria alla Jèrusalem Celeste nei Cieli e alla Nuova Umana esperienza in Terris.

    DIO IN NOI, DIO TRA DI NOI IN DIO UNIVERSO.

    L’umanità in JESUS CRISTUS E’ LA VERA SPOSA DEL SIGNORE.
    Venga IL REGNO DI DIO in Terra, venga IL SUO REGNO.

    JURM Ben ISman

    PS
    La Santissima Vergine Maria Madre di DIO e Gesù Cristo sono a nostra protezione dal male.

    E’ il Momento dell’Umana Ascensione in Corpo Mente Anima e Spirito alla Jèrusalem Celeste nei Cieli.

    L’ IDDIO CELESTE UNICO DIO NOSTRO CREATORE ONNIPOTENTE, CI HA A SUA CURA E PROTEZIONE.

    GESU’ CRISTO, CI PROTEGGA E LIBERI DAL MALE.

    L’ Ascensione nella Jèrusalem Celeste nei Cieli in Corpo, Mente, Anima e Spirito ad opera del SIGNORE ci Salverà dall’annientamento per poi essere Una volta Purificati e Rigenerati, posti di nuovo per mezzo della Discensione ad opera di CRISTO sulla SUPERFICIE della Nostra Amata Nuova Terra Rigenerata in un Nuovo Cielo Inseriti.

    SI INVOCHI CON FERVIDA FEDE L’IDDIO UNO ONNIPOTENTE NOSTRO SIGNORE JESUS CRISTUS SALVATORE DELL’UMANITA’.

    LO SPIRITO SANTO SCENDA SU DI NOI E VI RESTI PER SEMPRE, IN NOME DEL PADRE, DEL FIGLIO E DELLO SPIRITO SANTO GENERATORE DELLA SANTISSIMA VERGINE MARIA MADRE DI DIO.

    VENGA il Regno di DIO in Terra venga il suo Regno.
    Con Infinito Amore e Umiltà si faccia nostro il presente Messaggio.
    SIA FATTA LA VOLONTA’ DEL SIGNORE !

    L’ Ascensione nei Cieli in Corpo, Mente, Anima e Spirito ci Salverà dall’annientamento per poi essere Re-inseriti sulla Terra una volta Purificati e Rigenerati, noi, saremo tramite la Discensione sempre ad opera di GESU’ CRISTO, POSTI DI NUOVO SOPRA LA SUPERFICE DELLA TERRA RIGENERATA E PURIFICATA E IN UN NUOVO CIELO INSERITI.

    Si Preghi con Fervida Fede L’IDDIO UNO L’ONNIPOTENTE, in attesa della Venuta del Signore JESUS CRISTUS nostro Salvatore.

    IN NOME DEL PADRE, DEL FIGLIO E DELLO SPIRITO SANTO GENERATORE DELLA SANTISSIMA VERGINE MARIA MADRE DI DIO. Dove nella Tradizione più antica implica che lo SPIRITO SANTO possa coincidere con il principio Generatore Femminile.

    JURM Ben ISman
    =======================================================================
    Brevissima Riflessione di Monsignor Antonio Riboldi : DIO è davvero un grande Oceano di Amore che a parole è impossibile conoscere. Ma a noi Lui chiede di avere Fiducia nel suo Amore e di Amarlo
    con tutte le forze. Ed è quello che conta, più che le nostre parole sempre tanto povere.

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