Posted on 04/08/2015 4:06:10 PM PDT by Sean_Anthony
While we keep printing, spending, and giving away billions of dollars like there is no tomorrow, can anybody mathematically comprehend what $18 trillion of national debt means? Does anyone even care anymore?
The economy is so rosy, the statistics tell us, we are at what economists call full employment. “Full employment is a situation in which everyone who is willing and able to work can find a job. At full employment, the measured unemployment rate is still positive.” Economists have argued for years that the full employment number was somewhere “near 5 percent unemployment.”
President John F. Kennedy tried to commit the federal government to a target rate of 4 percent unemployment but it was rejected as being too unrealistic and overly ambitious.
To prevent another Great Depression, an unemployment insurance system was put in place after 1933 as a temporary cushion. Through this insurance which gives money to those who become unemployed, unemployment insurance props up aggregate demand during recessions.
(Excerpt) Read more at canadafreepress.com ...
What $17T looks like in $100 bills:
https://www.youtube.com/watch?feature=player_embedded&v=jKpVlDSIz9o
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