As we enter 2012, the presidential candidates would do well to wrap their minds and messages around these seven mathematical facts:
- Every day, the U.S. government takes in $6 billion and spends $10 billion. This means that every day the federal government spends $4 billion more dollars than it has.
- The real unemployment rate is a jaw-dropping 11 percent.
- Every fifth man you pass on your way to work is now out of work.
- College graduates are now 34% less likely to find a job under Obama than they were under President George W. Bush.
- Every seventh person you pass on the sidewalk now relies on food stamps.
- The ravages of the Obama economy now mean that more Americans live under the federal poverty line than at any time in U.S. history since records have been kept.
- Under President Barack Obama, every fifth child in America now lives in poverty.