Remember a few weeks ago when I told you it's worse than we are being told? Te refresh your memory, here's the chart that accompanied the post:
Well, time for an update. It ain't pretty. In fact, it's much worse. If you aren't scared by a one-year drop of almost 31% in Treasury receipts, let me have some of what you are drinking. The reduction in receipts is what happens when those that create jobs, stop creating. It's what happens when businesses that invest their profits back into their business, stop reinvesting. It's what happens when we assume the Government that only creates red tape, can create jobs.
Obama himself says expects unemployment to "tick up" over the next few months. Keep in mind that the unemployment numbers don't factor in those people that take part-time jobs while they look for "real" work. Keep in mind that the unemployment numbers don't factor in those people that have given up looking.
It's gonna get much worse, folks.
