Prosperity based on illusive economic growth

http://www.youtube.com/watch?v=eAaQNACwaLw

Budget deficit triples to $957 billion for year
March deficit hits $192 billion has receipts drop 28%, outlays rise 41%

The deficit is well on its way to the $1.75 trillion -- or 12.3% of gross domestic product -- that the White House has estimated for the full fiscal year, which ends in September.
The deficit through the first six months is more than three times higher than it was at this time last year. The government has borrowed $1 trillion from the public so far this fiscal year.

In March, the deficit widened to $192.3 billion from $48.2 billion in March 2008. Outlays rose 41% to $321.2 billion from $227 billion, while receipts dropped 28% to $129 billion from $178.8 billion.

~ American consumer spending ~

The effect of the American spending habit.

Basically, American consumer spending habit supported the world economy for the decades.

Now Americans are in debt.

______________________________________________________

John Smith (American Citizen) started the day early having set his alarm clock

(MADE IN JAPAN)

for 6am.

While his coffeepot

(MADE IN CHINA)

was perking, he shaved with his

electric razor

(MADE IN HONG KONG .)

He put on a

Dress shirt

(MADE IN SRI LANKA ),

designer jeans

(MADE IN SINGAPORE )

and

tennis shoes

(MADE IN KOREA )

After cooking his breakfast in his new

electric skillet

(MADE IN INDIA)

he sat down with his

calculator

(MADE IN MEXICO)

to see how much he could spend today.

After setting his

watch

(MADE IN TAIWAN)

to the radio

(MADE IN CHINA)

he got in his car

(MADE IN GERMANY)

filled it with GAS

(from Saudi Arabia )

and continued his search

for a good paying AMERICAN JOB.

At the end of yet another discouraging

and fruitless day

checking his

Computer

(Made In Malaysia),

John decided to relax for a while.

He put on his sandals

(MADE IN BRAZIL )

poured himself a glass of

wine

(MADE IN FRANCE)

and turned on his

TV

(MADE IN INDONESIA),

and then wondered why he can't find

a good paying job

in AMERICA.

AND NOW HE'S HOPING HE CAN GET HELP FROM PRESIDENT BARAK OBAMA

(MADE IN KENYA)