The ticking bomb of the US economy- nearly 40% of Americans not in the work force, over a trillion a year paid in Social Security benefits and piling debt. A review of the tricks played by the government to cover up grand theft of America and grand theft from Americans.
Posted on | September 7, 2013 | 6 Comments
by Dr. Orly Taitz, ESQ
The latest labor statistics shows that only 63.2 of Americans are in the labor force., among them 7.3 % or 11.3 million are unemployed an 90.5 million are not in the labor force completely, stopped looking for work. This makes it a total of 102 million adult Americans not working. Articles below are describing this problem. Many talk about 4 out of 10 Americans or 40 % being unemployed, however the numbers are not that bad either.
Truth be told that among this 40% there are people who are not in the labor force legitimately. There are about 14% of Americans, who are over age of 65, that makes 44 million. Among them 18% or about 9 million are working, which leaves 35 million who are legitimately not working, being retirees.
There are 20 million students in the US. some of them might be staying in school longer as there are no jobs available, but many are legitimately not in the work force.
Labor force is counted from age 16, however many stay in school until graduation age of 18, so that makes another 8 million.
Some are on disability. In the past few years the number of people in disability tripped from 6 to 18 million (that includes SDI and SSI). So 12 million are suspect, people who made up bogus disabilities, such as depression, which cannot be easily verified, and who use disability as a permanent unemployment benefit. There were a number of studies, I believe one was by Gallop, where 70 % of disability recipients stated that they can work and would have worked, if jobs were available. So 70% of 18 million is 12.6 million who fake disability, leaving 5.5 million truly disabled.
If you add 35 million elderly, 20 million students, about 8 million children of 16-18 and 5.5 million disabled, you get 68.5 million who are not in the work force for legitimate reasons. If you deduct this number from 90.5 million who are not in the work force, you get 22 million of working age Americans who stopped looking for jobs. When you add this to 11.3 million unemployed, you can see that the real unemployment numbers are 3 times higher than the government is reporting. the real unemployment is not 7.3%, but 20-21%.
So the real unemployment is somewhere in the middle: not 7.3% as the government claims and not 40% , it is about 20-21%.
We are seeing tricks being paid by the Obama administration to cover up the true unemployment numbers:
1. The biggest reason for low job participation is the fact that the government is discouraging work by paying more in benefits to ones who stay at home, do not work, than the average salary. This destroys the work ethics that ultimately will lead to a collapse in the economy
2. Young people are encouraged to stay in colleges as long as possible, however the education is extremely expensive ranging from $15.000 average per year of a public university to $40,000 per year for a private university. Many students are pursuing absolutely worthless degrees in humanities and Social studies and the difference between them and 18 year olds is in that these college graduates will end up being unemployed with a huge debt on top of unemployment.
3. Another reason is the government encourages people to stay on disability and welfare to placate them, to keep them quiet. Today the government is paying off 0ver a trillion dollars in Social Security benefits to keep people quiet, so they do’t grab their guns and pitchforks and don’t go after the ruling class and after the government..
All of these tricks came at a price. During Obama administration national debt went up from 10 trillion to 17 trillion and keeps rising.
There are a number of things that can be done, such as making sure that the total basket of welfare benefits does not exceed the income of a working family, replacing welfare with workfare, doing follow up and investigation of recipients claiming disability to make sure we do not have a massive abuse of the system that we see today, providing outreach to young people and showing them real life statistics in that often a practical job skill is preferable to years of borrowing for the sake of a totally worthless degree. Probably many candidates for President could institute these simple measures: Scott Walker, Rick Perry, Susanna Martinez and many others with common sense.
The biggest problem, of course, is lack of manufacturing. Even if all of those common sense measures are instituted by a Republican President, we are still going towards bankruptcy and increase in unemployment, which neither Democrat nor Republican can solve.
The main reason we will have bigger and bigger unemployment is a Ponzi scheme of WTO GATT and NAFTA, corruption in the US Government and elections system, which brought to power obedient puppets who continue this Ponzi scheme. As long as Americans will have to compete with the slave labor in the third world countries, in the Communist dictatorship of China, where people are paid on average $1 per hour, the number of Americans in the work force will continue to go down. It does not matter, whether it is a Democrat or Republican. This policy was started during Clinton, continued during Bush and exacerbated during Obama. It cannot get any better until we will rescind or renegotiate WTO GATT and assess tariffs on products coming from countries using de facto slave labor. The longer we will wait to pull the plug on this Ponzi scheme, the bigger national debt is going to be, more young Americans will lose their dignity and self worse. The bought and paid for puppets in the government and Congress can play tricks only for so long. at the end this Ponzi scheme will blow up, will end in bankruptcy, just as it ended in Flint and Detroit. Today 102 million Americans are not working (90.5 million Americans are not in the work force and 11.3 receiving unemployment). I wonder how high this number will get until Americans will rise against all of the corrupt officials and will end the Ponzi scheme of WTO GATT. Today more Americans are talking about real unemployment, about 102 million adult Americans not being in the work force. When you add this to 75.6 million children, that makes 177 million that need to be carried by the remaining 140 million who still work and who can no longer carry the load.
We are about to see the number of Americans in the work force go down even further until this whole Ponzi scheme will come to a screeching halt and blow up.
Oct 18, 2012 - Only four out of every 10 adults in the US is employed. While the percentage of Americans filing jobless benefit claims isn’t what it was during …
Mar 8, 2013 - In English: fewer Americans are looking for employment. … toemployment at the start of the downturn in late 2008 early 2009, Baker said today. …Friday employment numbers were much better than economists’ expectations, …
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americans-that-do… CachedNo wonder why it seems like there are so many people that do not have jobs! According to the federal government, there are 12.6 million working age Americans that are …