Here's someone who would agree with you :
GOVERNMENT ECONOMIC REPORTS: THINGS YOU'VE SUSPECTED BUT WERE AFRAID TO ASK
Posted on 01/01/2010 2:26:47 PM PST by FromLori
There is an old saying, "when in doubt follow the money." These days investors have lots of doubt about pretty much everything (if not so much money). And with data from the government increasingly bearing the Quality Control stamp of approval of the Beijing Communist Party, there is much doubt in store courtesy of an administration which will stop at nothing in its competition with China as to who can blow the biggest asset bubble the fastest, data integrity be damned. Undoubtedly, of all government released data, the most important is, and continues to be, anything relating to unemployment. This is precisely where the government's propaganda armada is focused. Yet in matters of (un)employment, the ultimate authority is, luckily, the Treasury, and not the Fed. "Luckily," because when it comes to making money "difficult to follow" Tim Geithner's office still has much to learn. Which is why when we looked at the Daily Treasury Statement data we were very surprised: because it indicates that the government could be underrepresenting employment data by up to 32%!
The suddenly very prominent topic of Unemployment Insurance, whether it pertains to Initial Claims or to Emergency Unemployment, has one very useful characteristic: it is based on "money", specifically money outflows from the US treasury which goes to fund the weekly "paychecks" of those that have not been in the workforce for well over a year. And as pointed out earlier, money can be followed. The US Treasury presents a daily in and outflow of all money sources in the Daily Treasury Statement prepared by the Financial Management Service. And in the plethora of data presented here, probably the most relevant and useful data series is the Withdrawals quantified in the form of Unemployment Insurance Benefits.
(Excerpt) Read more at zerohedge.com ...
“A cynic could be temped to say that effectively the number of people employed by the government is double what is disclosed. A yet bigger cynic could claim that America is now the biggest socialist state in the world. Both cynics would not necessarily be wrong.”
You can take THAT to the bank. Or the Unemployment Office. Your call. ;)
Well, unemployment insurance is paid out of state unemployment funds, which are funded through a payroll tax on employers. It is only when they run out of money that they need to borrow from the Treasury.
That has happened a lot lately, as more and more state funds run out of money. They have also raised payroll taxes a lot.
Medicare income - $1.7 billion
Medicare outflow - $45.2 billion
Any Congress wants to EXPAND Medicare??
Hi Diana H NY! I thought it was you speaking of showing people or selling things to grow food?? Anyway have you heard about the trees instead of food? Thought it might interest you.
http://beforeitsnews.com/story/2291/Obama:_Forests,_Not_Food
As for jobs oh oh....
WEEKLY UNEMPLOYMENT CLAIMS FOR 12/31: DON’T WORRY, BE HAPPY, ER, PANIC
That is one of the main reasons I read a lot of these economic sites even at some of them that the writers are over the top loons (actually not so at that site as much) but anyway the other information you can gleen from the articles.
Nearly 240,000 unemployed in Wisconsin, as of November. We have about 2 million people in our state, total. That’s a pretty big chunk of Moms and Dads with no jobs.
And I’ll bet you a donut that doesn’t include the generational welfare families we have living here. I doubt they’re accounted for anywhere at all, unless some CongressCritter wants MORE money for them. *Rolleyes*
589,000 of the 2 million here are considered ‘poor’ because they earn less than $50K a year for a ‘family of four.’ We also have a very large elderly population living on Social Security and not much else. I currently have two parents, two in-laws, and two of THEIR spouses all drawing SS...and that’s just MY family!
So, we really have only a handful of taxpayers supporting the larger majority of people in this state that aren’t currently working or who are retired or who never worked to begin with.
It sure would be nice if we could get actual UNVARNISHED figures on all of this stuff. But, we know why we can’t. “Just shut up and keep pulling the wagon, Taxpaying Serf!”
(I’m sure it’s pretty much the same for ‘the other 56 states’, LOL!)
http://www.irp.wisc.edu/faqs/faq4/wis-pov-07-tab.htm
http://www.dwd.state.wi.us/dwd/newsreleases/ui_local_default.pdf
>> “the government could be underrepresenting employment data by up to 32%! “
10% / 0.68 = 14.7%
Thanks for the link, Lori.
I sell trees for a living. I’m a Nursery Manager for a local Garden Center chain.
Spring 2009 was a banner year for small fruit sales (blueberries, raspberries, currants, etc.) and fruit tree sales (apples, pears, cherries, etc.) Veggie seed sales were up 33% from the previous year, and this spring is going to be absolutely insane. I think I’ll break all sales records held. We just got our 2010 seed packets in and people were buying them up as soon as we got them on the shelves. I work tomorrow; I think it’s going to be a little nuts as our marquee says we have the new seeds in. (I’ve already purchased some of mine...and I can get all I need, LOL!)
The last time people were so nuts about growing their own food was during the Y2K manufactured crisis.
Hopefully people will realize that this time around it’s a MAN-MADE crisis; our current POS POTUS & worthless Congress to be exact.
Man on the street guesstimate from The Heavy Equipment Guy?
About 20%, or one in five. Much higher among black folks here.
Government figures are as phony as a three-dollar bill... and worth about as much, as well.
Diana, we have about 5 million people in WI, not 2 million.
The real trauma is going to come gradually, because unemployment is cumulative. That is, when people are newly unemployed, they have assets to live off for a while. But as time goes by, things keep getting incrementally worse.
Unemployment compensation and other aid stretches out this decline, but neither stops it, nor is enough to live on. It is a slow starvation of both your resources and your emotions, a wasting process.
But eventually something will happen, and millions of people will have become so weakened over time, that it will hit them all at once. What they had tolerated for so long will quickly become intolerable.
Politically, right then, anyone who promises them a roof over their head and food will get their vote. It will be a very dangerous time, and level heads need to be prepared to offer them enough aid to survive, or demagogues will do so, to the despair of all of us.
(Is that YOU Russ Feingold? How did you get past security? LOL!)
Then you’d better start working a little bit harder, hadn’t you? More people are dependent upon you than you first thought, LOL! :)
I’m sorry. I KNOW how many people we have in our state. It was a typ-o. I’ve made that mistake before. That ‘2 million’ figure gets stuck in my head and fingers for some reason...
Still doesn’t change my rant much, does it? Just add another two million to the dole that you and I are supporting.
Man, I’m exhausted and it’s only the FIRST day of the taxing year! We’re working into July now...just to pay our taxes! That REALLY makes you want to get up and get going on a Monday Morning, doesn’t it? Blech!
Close to depression levels!
Reportedly 50% in Mexicali and some other border towns.
Ouch, don’t call be Feingold! I’ve been in touch with Thompson to personally ask him to run against Feingold this year. Man if there ever is a time we can get him out, it’s now.
Just remember for every representative in the House that’s about 700,000 to 750,000 people, so we’re around about 5.4-5.5 million.
I can see where you’d think it was 2 million, they tax us like two million people paying for 5 million. Since the QEO was lifted our school board raised up taxes 7.2%. Not as bad as some but we will be dead if they keep doing this every year and the rest of the local, state and federal politicrats continue raising taxes.
I’d love to see Tommy back in the saddle again. ;)
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