TowneForCongress.

com
 August 2010

Jake Towne for US Congress

Pennsylvania's 15 District
th

“If universal peace, civilization, and commerce are ever to be the happy lot of man, it cannot
be accomplished but by a revolution in the system of governments.” - Thomas Paine

“An invasion of armies can be resisted, but not an idea whose time has come.” - Victor Hugo

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 The National Debt is not just...

The Deficit is Not Just… below (in Billions of Dollars)

Source: http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200

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Social Security and Medicare
Unfunded Liabilities = $107T

Page 178/254 http://www.gao.gov/financial/fy2009/09frusg.pdf

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Jobs Sector vs. Number Employed
ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt

22.1 million direct government jobs, 17% of workforce

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Source: http://towneforcongress.com/economy/jakes-bio/salary-benefits-term-limits

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 1 in 7 Americans on Food Stamps
• 41.8 Million Americans as of July 2010
• Numbers up 24% from 2009 and 48% from 2008
• Projected annual cost of $67.2 Billion USD

http://www.fns.usda.gov/pd/34SNAPmonthly.htm

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Bureau of Labor and Statistic Figures

http://www.bls.gov/news.release/empsit.t15.htm

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The Unemployment Rate is >17%

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Federal Reserve Balance Sheet (June 08 – Oct 10)

http://www.federalreserve.gov/releases/h41/current/

$1.1 trillion in
bad mortgages

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 Dishonest Money: The Fall of the Dollar

The purchasing power of the dollar has lost >94% since FDR took America off
the classical gold standard in 1933 through monetary inflation.
The monetary inflation was caused by the FED. They debased the dollar by
creating more and more irredeemable paper dollars.

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 FDIC Insurance is Bankrupt

Deposit Insurance Fund at NEGATIVE $15 Billion

http://www2.fdic.gov/qbp/2010mar/qbp.pdf

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