State declares Obamacare unconstitutional, null and void
Federal health plan already struck down by 2 judges


25 signs U.S. is in economic decline

Is it twilight in America under Obama?

1) Standard & Poor’s altered its outlook on U.S. government debt from "stable" to "negative";

2) China has announced it is going to be reducing its holdings of U.S. dollars;

3) Hedge-fund manager Dennis Gartman says that "panic dollar selling is setting in" and that the U.S. dollar could be in for a huge decline;

4) The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds;

5) The economy is causing "ghost towns" to appear across the United States, with many counties across the nation that now have home vacancy rates of more than 50 percent;

6) There are now about 7.25 million fewer jobs in America than when the recession began back in 2007;

7) Only 45.4 percent of Americans had a job during 2010, the lowest percentage since 1983;

8) Only 66.8 percent of American men had a job last year, the lowest level ever in the United States;

9) The average CEO made 343 times more money than the average American did last year;

10) Gas prices reached $5 per gallon at a gas station in Washington, D.C., on April 19, 2011;

11) Over the past 12 months, the average price of gasoline in the United States has gone up about 30 percent;

12) Due to rising fuel prices, American Airlines lost $436 million during the first quarter of 2011;

13) U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes;

14) Approximately $1 out of every $4 that the U.S. government borrows goes to pay the interest on the national debt;

15) Total home mortgage debt in the United States is now about five times larger than it was just 20 years ago;

16) Total credit card debt in the United States is now more than eight times larger than it was just 30 years ago;

17) Average household debt in the United States has now reached a level of 136 percent of average household income, while in China it’s only 17 percent;

18) The average American now spends 23 percent of their income on food and gas;

19) Seventy-eight percent of Americans said they plan to slow their spending in coming months due to rising prices;

20) Fifty-nine percent of Americans receive money from the federal government;

21) The average length of unemployment in the United States is now a record 39 weeks;

22) As the economy continues to collapse, frustration among young people will continue to grow and we will see more seemingly "random acts of violence";

23) Some Americans have become so desperate for cash that they are literally popping their gold teeth and selling them to pawn shops;

24) As the economy has declined, the American people have been gobbling up larger and larger amounts of antidepressants and other prescription drugs;

25) Even the latest market rally could be ending.