So please point out for us what facts of Ramsey's are wrong?
Also please show where the Subprime Meltdown Information is incorrect. And as to using Federal numbers...a lot of them are fairly accurate, but I always have this gnawing feeling that asks how they got the numbers.
For example McBear, would you please explain to us how they can tell us what the unemployment rate is? I don't get a phone call from the Government every week asking "Are you employed?"
So how do they find such information? Hmmm?
First, I have already explained [and repeatedly posted Dept of Commerce data] the Subprime meltdown issue that you posted up. You choose not to believe the differences, that is your decision.
Regarding Ramsey, I showed you where he mixes statistics, moving from total sold homes to "repossessed" but not counting all other forms of mortgage failures that result in lost homes [as provided on the OCC link] See post 4
As for unemployment, it is calculated several ways, some of which are somewhat flawed. EMPLOYMENT is based on the number of JOBS that have paperwork/taxes/ssi turned in weekly/monthly. So while YOU don't get a phone call every week, your employer sends paperwork in with your SSN on it that says that you are working. That provides the base for the 154Million. There is also the extrapolated number of selfemployed people who pay taxes quarterly so they are included in the employment number based on that quarterly number.
Now, the UNEMPLOYMENT number is a different animal. It ONLY counts those who are ACTIVELY drawing Unemployment Benefits from a government agency. EXAMPLE: If you are fired for spending too much time on BWOT you can claim UI. You will be able to get up to 26 weeks if you can't find a job. During that 26 weeks you are counted as one of America's UNEMPLOYED. Now, during this recession where jobs are more scarce, there are extensions, so you may qualify for another 26 weeks of UI benefits. Again you will be counted as one of America's Unemployed. After that, if you still don't have a job, you no longer count in the UNEMPLOYED ranks, nor do you count in the EMPLOYED ranks. There are, at this time about 12 Million that fall into that category of people who want to work but can't find work but have burned through their benefits. [this does NOT include folks who just don't want to work and want to collect food stamps and live in Government housing, a rather small subset of folks].
So the Government finds the information by tracking payroll information on your SSN. If you want to pad up your SS account to where you have more in the account as you age, give the number to a bunch of different illegal aliens. The system doesn't know how to sort multiple inputs.