Download - TANC Research: "Federal Government Malfeasance by the Numbers"

www.transamericanalliance.orgCopyright © 2009, Trans-American Alliance for a National Consensus (TANC)

Federal Government Malfeasance

By The Numbers…

Federal Government Malfeasance

By The Numbers…

the Time is now for Citizen Oversightthe Time is now for Citizen Oversight


TAXPAYERS ARE PAYING A HEAVY PRICETO FIX THE BANKING INDUSTRY’S MESS

TAXPAYERS ARE PAYING A HEAVY PRICETO FIX THE BANKING INDUSTRY’S MESS


BURGEONING TRADE IMBALANCE IS LEADING TO GREATER FOREIGN

OWNERSHIP OF U.S. TREASURY DEBT

BURGEONING TRADE IMBALANCE IS LEADING TO GREATER FOREIGN

OWNERSHIP OF U.S. TREASURY DEBT


QUALITY OF LIFE / STANDARD OF LIVING SCORES ARE SLIPPING IN THE U.S. vs.

OTHER LEADING “DIRECT DEMOCRACIES”

QUALITY OF LIFE / STANDARD OF LIVING SCORES ARE SLIPPING IN THE U.S. vs.

OTHER LEADING “DIRECT DEMOCRACIES”

4.6 4.3 4.0 4.25.7 5.8 5.7 5.2

4.7 4.6

7.2

0

2

4

6

8

1998 2000 2002 2004 2006 2008U.S. Jobless Rate in %

10-Year U.S. Unemployment Rate

Source: Bureau of Labor Statistics, U.S. Labor Department, yearly figures start each January, ending in December 2008.


AMERICA’S HEALTHCARE SYSTEMLEAVES MORE PEOPLE FALLING

THROUGH SAFETY NET

AMERICA’S HEALTHCARE SYSTEMLEAVES MORE PEOPLE FALLING

THROUGH SAFETY NET

31.5

47.5

0

10

20

30

40

50

1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007

Millions of People Uninsured

Uninsured Grew 51% In 21 Years

Source: U.S. Department of Commerce, Income, Poverty, and Health Insurance Coverage in the United States: 2007 (released August 2008); 2008 updated with published estimates.

RANKS OF JOBLESS UP 57% COMPARED TO 10 YEARS AGORANKS OF JOBLESS UP 57%

COMPARED TO 10 YEARS AGO

Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)www.transamericanalliance.org

IMPACT OF THE DEREGULATED U.S. MORTGAGE LENDING INDUSTRY &

GROWTH OF SUBPRIME ARM LOANS

IMPACT OF THE DEREGULATED U.S. MORTGAGE LENDING INDUSTRY &

GROWTH OF SUBPRIME ARM LOANS

Federal Reserve Open Market Purchases of Repo Mortgage Backed Securities (MBS), 2000–2007

Source: New York Federal Reserve (chart via Wikipedia.org)

1700% GROWTH IN PREDATORY SUBPRIME MORTGAGES — $35 BILLION (1996) TO $600

BILLION IN 2006, ACCORDING TO U.S. TREASURY DATA

1700% GROWTH IN PREDATORY SUBPRIME MORTGAGES — $35 BILLION (1996) TO $600

BILLION IN 2006, ACCORDING TO U.S. TREASURY DATA


4.4 MILLION HOME FORECLOSURES OVER THE LAST TWO YEARS, 2007-084.4 MILLION HOME FORECLOSURES

OVER THE LAST TWO YEARS, 2007-08

Federal Reserve Open Market Purchases of Repo Mortgage Backed Securities (MBS), 2000–2007

Source: RealtyTrac, U.S. Foreclosure Market Reports (chart courtesy of Wikipedia.org)

IMPACT: $435 BILLION IN LOSSES FROM “MORTGAGE-BACKED SECURITIES”AS OF

JULY 31, 2008(According To U.S. Treasury dept.)

IMPACT: $435 BILLION IN LOSSES FROM “MORTGAGE-BACKED SECURITIES”AS OF

JULY 31, 2008(According To U.S. Treasury dept.)

DOMINO EFFECT OF SUBPRIME MORTGAGE CRISIS ON U.S. ECONOMY

DOMINO EFFECT OF SUBPRIME MORTGAGE CRISIS ON U.S. ECONOMY

TOTAL HOME EQUITY DROPPED $4.2 TRILLION FROM $13 TRILLION TOTAL IN 2006 TO $8.8

TRILLION BY MID-2008

TOTAL HOME EQUITY DROPPED $4.2 TRILLION FROM $13 TRILLION TOTAL IN 2006 TO $8.8

TRILLION BY MID-2008


Author/Source: Farcaster, via Wikipedia.org


IMPACT OF 40,000+ LOBBYISTS SPREADING THEIR INFLUENCE

IN WASHINGTON, D.C.

IMPACT OF 40,000+ LOBBYISTS SPREADING THEIR INFLUENCE

IN WASHINGTON, D.C.

IS IT COINCIDENCE THAT THE BIGGEST BENEFACTORS OF GOV’T BAILOUTS ARE ALSO

THE LARGEST LOBBYING GROUP?

IS IT COINCIDENCE THAT THE BIGGEST BENEFACTORS OF GOV’T BAILOUTS ARE ALSO

THE LARGEST LOBBYING GROUP?


AN OVERVIEW OF WHERE YOURHARD-EARNED TAX DOLLARS

ARE BEING DISBURSED…

AN OVERVIEW OF WHERE YOURHARD-EARNED TAX DOLLARS

ARE BEING DISBURSED…


MOUNTING FEDERAL GOV’T DEFICITS LEFT FOR FUTURE

GENERATIONS TO CLEAN UP…

MOUNTING FEDERAL GOV’T DEFICITS LEFT FOR FUTURE

GENERATIONS TO CLEAN UP…

U.S. Federal Budget deficits vs. total National Debt, 2000-2008

Sources: Congressional Budget Office, U.S. Treasury Dept., and White House Office of Management and Budget, 2009 Fiscal Budget (chart courtesy of Wikipedia.org)

America’s Citizens Can Do Better!America’s Citizens Can Do Better!

Copyright © 2009, Trans-American Alliance for a National Consensus (TANC)

Americans Can Deliver REFORM with DIRECT DEMOCRACY!Americans Can Deliver REFORM with DIRECT DEMOCRACY!

OUR “REPRESENTATIVE DEMOCRACY”AT WORK!

OUR “REPRESENTATIVE DEMOCRACY”AT WORK!