How bad are things, REALLY...?

Here are three random stories in the news today.  Each describes one part of what is a conglomeration if problems created by the mishandling of the U.S. economy by Barack Hussein Obama....

Congressional Budget Office reports another $1 trillion deficit
The Politico 
By DAVID ROGERS | 1/31/12 10:06 AM EST 

.....
The $1.079 trillion deficit now projected for this fiscal year ending Sept. 30 is a step backwards from what CBO had predicted in August.

And....

CBO: Taxes Will ‘Shoot Up by More Than 30 Percent’ Over Next 2 Years

CNSNews.com

By Terence P. Jeffrey

January 31, 2012

The amount of money the federal government takes out of the U.S. economy in taxes will increase by more than 30 percent between 2012 and 2014, according to the Budget and Economic Outlook published today by the CBO.
....
From just 2012 to 2014, the increase in federal tax revenues from $2.523 trillion to $3.313 trillion equals $790 billion—or 31.3 percent.

Latest Congressional Budget Outlook For 2012-2022 Released, Says Real Unemployment Rate Is 10%

zerohedge.com

Submitted by Tyler Durden on 01/31/2012

"Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent" translation: CBO just admitted that the BLS numbers are bogus and real unemployment is 10%. 

So, where does that leave us?  Well pretty screwed...  It does not seem that the MSM (Mainstream Media) will be reporting this type of info anytime soon, as it my have a negative impact on out Dear Leaders campaign to remain Emperor for 4 more years....


The Obama's want round 2 for another crack at more than 90 rounds of golf, extravagant vacations to Martha's Vineyard & Hawaii, Michelle's vacation to Spain, parties and state dinners at the White House, and date nights to NYC....  


Meantime, we have to pay...