OBAMA’S BAD JOB MARKET

Oct 25, 2013 by

obamajobsplanby Donna Garner

10.25.13

 

When the latest jobs report came out on 10.22.13, Obama tried to put a smiley face on the data; but the truth is that only 148,000 new jobs were created last month compared to an average of 185,000 jobs per month during the past year.  The unemployment rate did fall to 7.2% but only because so many have given up looking for a job; 136,000 Americans lost their jobs or quit working last month.
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OBAMA’S GROWING DEBT CRISIS

Here is a link to the U. S. Debt Clock – Real Time – http://www.usdebtclock.org/

 

The deficit is the difference between what the U. S. government takes in from taxes and revenues vs. the amount that the federal government spends during one fiscal year. Because we are spending more each fiscal year than we are taking in, the deficit is driving up our national debt.

 

 

The United States does not have a revenue problem; we have a spending problem under Obama.

 

 

Our National Debt is the amount of money our country owes. When Obama took office, our National Debt was $10.6 Trillion. The current national debt (10.21.13) is $17.075 Trillion.  The difference is $6.448 Trillion.  Thus, the national debt grew by $6.4 trillion under Obama in less than 5 years. This is 2 ½ times the annual increase than occurred under President Bush.

 

 

The United States under Obama has racked up more national debt in the last 5 years than we accumulated in the first 225 years of our country.

 

Under Obama, the average wage for a working family is $24.00 per hour while the average wage for a welfare family is $23.55 per hour.  That means it is only $0.45 less per hour to stay home and draw welfare.

Under Obama, 10.0 million people have dropped out of the work force and have given up looking for work. There were 80.599 million people “not in labor force” in Jan. 2009; however, in Sept. 2013, there are now 90.609 million people “not in labor force.” The difference is 10.010 million people. Many people may think, “Why should I work when I can receive welfare and make almost as much?”

 

Obama is known as the “Food Stamp President” for good reason:  Food stamp spending has more than doubled over these last five years. It has gone from $34 Billion in 2008 to $74 Billion with 1 in 7 U. S. residents now on food stamps.  Obama has allowed food stamp enrollment to explode and has not pressured states to crack down on eligibility requirements, and he also decided arbitrarily to remove the work requirement from the food stamp program.

 

People are now illegally selling their SNAP food stamp cards on Craig’s list to buy drugs. Because recipients do not have a limit on the number of lost SNAP cards, they can transfer their entitlement benefits for cash.

 

Recipients do not have to show an I. D. to get Electronic Benefits Transfer (EBT) [cards] , and states are not cross-checking the food stamp rolls against the National Directory of New Hires to make sure that recipients have not increased their wages. Adult recipients should be required to recertify every three months.

 

Throughout his presidential campaign, candidate Barack Obama promised the American people: “If you’re a family that’s making $250,000 a year or less, you will see no increase in your taxes.”

 

After he became President, Barack Obama reiterated that pledge; but he has broken this promise under Obamacare because the individual mandate is a tax.  In fact, Obamacare contains 18 separate tax increases that will cost taxpayers $502 Billion between 2010 and 2019.  In later years, the cost dramatically increases to about $1.7 trillion per decade (triple the amount for the first decade).

 

Donna Garner

Wgarner1@hot.rr.com

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