Wednesday, November 7, 2012

What to Expect in 2016

I'm beyond speechless at what just happened.  The worst President in my lifetime, possibly in history, wins re-election.  His record is absolutely horrendous over the past four years so we can expect more of the same over the next four years.  Assuming President Obama is able to tank the economy as well in his 2nd term as he did in his first, this is what you can expect.  Each heading is a link to the website I used for the numbers directly below it.  Every website seemingly had a different number, but they were all in the same ballpark.  I'm assuming for these calculations that whatever the percent increase/decrease was obtained during his first term will be matched in his second.

Federal Debt:
2008: $10,000,000,000,000
2012: $16,400,000,000,000  (+64%)
2016: $26,896,000,000,000  (+64%)

Price of Gasoline:
2008: $1.84
2012: $3.46 (+86%)
2016: $6.44 (+86%)

Full-time Employed:
2008: 145,362,000
2011: 139,869,000  (-3.8%
2016: 125,742,000

Debt-to-GDP ratio:
This is assuming GDP growth of 7% over the next 4 years, debt growth of 64%
2008:  74.1%
2012:  101.7%
2016:  159.7%

Labor Force Paricipation Rate:
2008:  65.7%
2012:  63.8%   (-2.9%)
2016:  61.9%   (-2.9%)

People on Food Stamps:
2008:  31,567,037
2012:  46,681,833 (+47.9%)
2016:  69,033,832 (+47.9%)

People Collecting Social Security Disability:
2008:  9,273,839
2012:  10,786,510 (+16.3%)
2016:  12,545915  (+16.3%)

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