So while the world was watching Ferguson, MO and now NYC . . .
It’s official: America is now No. 2 . . .
There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.
It just happened — and almost nobody noticed.
The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.
http://finance.yahoo.com/news/official-america-now-no-2-150936444.html
Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama
Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.
It also means that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently.
http://www.zerohedge.com/news/2014-12-01/total-us-debt-rises-over-18-trillion
Babies are not us: Declining fertility rates dragging down economy
“This is one of the first signs we’re seeing of a real tangible threat to the long term economy,” says Yahoo Finance’s Jeff Macke. The U.S. needs 2.1 children per woman to keep the population stable. In 2013, women were only averaging 1.86. Fewer babies and a declining population means less consumer spending.
How is that hope and change working out for you Mr. and Mrs. America???
