USA Spending

The one coming on January 1, 2013 is the first baby step.

The next one is the killer.....

Let us spend more from the bottomless barrel of imaginary money with no value.

Get away from bonds and treasuries.
Buy gold/silver and stocks of multinational corporations.

GLD, SLV, PRPFX

I suggest 20-40% of portfolio in gold/silver

Medicaid: 70.4 million enrolled in Medicaid, 22% of the population.

Medicaid: 53 million enrolled, receiving $405 billion, $7,800 per person (2012)

Food stamps: 46.7 million enrolled receiving $75 billion, $1,605 per recipient (2012)

Food stamps: 47.6 million enrolled receiving $80 billion, $1,671 per recipient (2013)

August, 2012: 8,786,049 American workers are collecting federal disability insurance under Social Security

January, 2013: 8,830,026 American workers are collecting federal disability insurance under Social Security

In August, 2012, In August 2012, 142,101,000 Americans were working
88 million Americans 16 years old or more are not employed in 2012.

56.3 million Americans were on Social Security in 2011.
From 2012 until 2020, approximately 7,000 to 10,000 members of the war baby generation
will be retiring each and every day and will want their Social Security and Medicare benefits.


$114 billion constitutes two percent of bank deposits?

The income tax deduction for health insurance/expenses adds up to $184 billion.

The income tax deduction for home owners interest adds up to $84 billion.

The corporate pension shortfall in June, 2005 was $353.7 billion

In 2012, government paid Lifeline wireless subscribers totaled 269,000 at the annual cost of $1.6 billion.

2012 Debt in the United States (in billions $$)
Mortgage $8,000
Student Loans $956
Auto Loans $768
Credit Cards $674
Home Equity lines $573
Other $311

Census Bureau: Means-Tested Gov't Benefit Recipients Outnumber Full-Time Year-Round Workers

US population:                     306,804,000
One or more government benefits:   151,014,000
Medicaid:                           82,457,000 (29.6%)
Social security:                    49,901,000
Food stamps:                        49,073,000
Medicare:                           46,440,000
Women, Infants and Children:        23,228,000
Supplemental Security Income:       20,223,000
Public or subsidized housing:       13,433,000
Unemployement:                       5,098,000
Veterans benefits:                   3,178,000
Railroad retirement:                   364,000

When Obamacare is fully implemented on Jan. 1, 2014, Americans earning up to 400 percent of the
poverty level will qualify for a federal subsidy to buy health insurance.

Send comments to: hjw2001@gmail.com