"Real" vs. "Reported"...................from Rico

Taking a break right now from considering the USG's unfunded liabilities vs. the deficit (ugly, ugly numbers) which pretty much guarantee TWO things...even 'less' bang-for-the-buck in government services (if you can imagine that) AND much-much higher, significantly higher, taxes (all too believable). It's just too depressing for a sunny Saturday.

There ARE some other things we NEED to know, but really aren't being told by the media (shocking, I know), and while also depressing, aren't made any better by ignoring or 'massaging' the facts. To guide ourselves through this mess, it is better to know the following than to put blind trust and/or any faith in the political denizens of incumbistan (Wash.D.C.).

The economists "predicted" the June unemployment number would be 350,000 but they got it wrong...it was 467,000.

While many parts of the U.S. are now seeing 'reported' double-digit unemployment numbers, the numbers announced by the USG 2 July bring us to 9.5% nationwide. This understates the problem.
- When you factor-in those who are currently unemployed but no longer looking for work....but want work and are available for a job, PLUS the 9 million who are working part-time just to have ANY work at all, you get a "real" unemployment rate of 16.5% vice the "reported" rate.

That is nearly 1 out of 5 potential workers. [Probably more than that in California and Michigan I'd bet.]

The only recovery "green shoots" around are the ones being rolled in zig-zag papers by Team Obama. Hey, Washington: This is not getting better no matter how much wack-tabacky you smoke!

It is NOT a good time to be spending money we do not have to by our way out of debt.