EXHIBIT L CASE 14SC-2
http://www.usgovernmentspending.com/federal_budget_estimate_vs_actual
Estimated vs. Actual Federal Spending
for Fiscal Year 2013 from Federal Budgets
2013
[+] Pensions 889.1 841.9 856.0 854.5 878.5 866.3 864.0
[+] Health Care 880.0 976.4 950.8 920.0 916.1 882.2 856.1
[+] Education 105.2 138.7 135.2 118.1 136.1 98.0 85.3
[+] Defense 714.3 822.4 856.5 868.1 901.4 856.5 818.7
[+] Welfare 304.0 384.8 408.5 405.4 422.3 430.4 404.8
[+] Protection 49.0 54.8 57.2 58.1 62.8 60.6 52.6
[+] Transportation 66.0 83.9 96.2 110.3 114.2 94.5 91.7
[+] General Government 22.8 26.6 29.9 29.2 28.1 32.3 30.4
[+] Other Spending 66.1 76.3 89.2 86.4 96.2 141.4 30.1
[+] Interest 302.5 411.6 435.9 321.0 247.7 222.8 220.9
[+] Balance 0.0 -0.0 -0.0 0.0 -0.0 0.0 -0.0
[+] Total Spending: Start chart 3,398.9 3,817.5 3,915.4 3,770.9 3,803.4 3,685.0 3,454.6
[+] Federal Deficit -29.3 512.3 727.3 767.5 901.4 972.9 679.5
[+] Gross Public Debt 12,276.4 17,440.1 16,699.2 17,750.5 17,547.9 17,249.3 16,719.4
from me total spending for this year: including interest payment $4.134 trillion
Spending: budgeted estimated actual
Data Sources for 2013:
GDP: Fed. Budget: Hist. Table 10.1
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
Switch to revenue
http://www.aetna.com/health-reform-connection/aetnas-vision/facts-about-costs.html
The Facts About Rising
Health Care Costs
Underlying medical costs drive growth
Total health care spending in the United States is expected to reach $4.8 trillion in 2021, up from $2.6 trillion in 2010 and $75 billion in 1970. To put it in context, this means that health care spending will account for nearly 20 percent of gross domestic product (GDP), or one-fifth of the U.S. economy, by 2021.1
U.S. health care spending breakdown
Why is U.S. health care spending so high?
Insurer profits: a reality check
The Aetna value
Many consumers and small employers are struggling to afford their health insurance premiums. Some employers are not able to offer health care coverage at all. For firms with fewer than
10 employees, only 50 percent offered coverage to their workers in 2012.2
As a result:
49 million Americans lacked health insurance in 2011.3
Those consumers with health care coverage experienced a 7.2 percent increase in their share of health care costs between 2011 and 2012. Health care costs for American families in 2012 exceeded $20,000 for the first time.4
Increasingly, Americans are having problems paying for care — 26 percent report they or a family member had problems paying medical bills in the past year. Fifty-eight percent of Americans reported foregoing or delaying medical care in the past year.5
Escalating health care costs also are straining federal and state budgets, hindering the nation’s ability to pay for important initiatives needed to address other significant issues.
The rate of increase has slowed in the past decade — from 9.5 percent in 2002 to 3.9 percent in 2010.6 But the rate of health care cost increases continues to be well above the general rate of
http://www.ssa.gov/oact/tr/2013/tr2013.pdf
II. OVERVIEW
A. HIGHLIGHTS
This section summarizes the report’s major findings.
In 2012
At the end of 2012, the OASDI program was providing benefit payments1 to
about 57 million people: 40 million retired workers and dependents of retired
workers, 6 million survivors of deceased workers, and 11 million disabled
workers and dependents of disabled workers. During the year, an estimated
161 million people had earnings covered by Social Security and paid payroll
taxes. Total expenditures in 2012 were $786 billion. Total income was $840
billion, which consisted of $731 billion in non-interest income and $109 billion in interest earnings. Asset reserves held in special issue U.S. Treasury
securities grew from $2,678 billion at the beginning of the year to $2,732 billion at the end of the year.
Short-Range Results
In 2012, Social Security’s cost continued to exceed the program’s tax income
and also continued to exceed its non-interest income, a trend that the Trustees project to continue throughout the short-range period and beyond. The
2012 deficit of tax income relative to cost was $169 billion, and the projected
2013 deficit is $79 billion. The size of the 2012 deficit is largely due to a
temporary reduction in the Social Security payroll tax for 2011 and 2012.
The legislation establishing the payroll tax reduction also provided for transfers from the General Fund of the Treasury to the trust funds to “replicate to
the extent possible” revenues that would have occurred in the absence of the
payroll tax reduction. Including these general revenue reimbursements, the
2012 deficit of non-interest income relative to cost was $55 billion, and the
projected 2013 deficit is $75 billion.
The Trustees project that the asset reserves of the OASI Trust Fund and of
the combined OASI and DI Trust Funds will be adequate over the next 10
years under the intermediate assumptions. However, the projected reserves
of the DI Trust Fund decline steadily from 85 percent of annual cost at the
beginning of 2013 until the trust fund reserves are depleted in 2016. At the
time reserves are depleted, continuing income to the DI Trust Fund would be
sufficient to pay 80 percent of scheduled DI benefits. The DI Trust Fund
does not satisfy the short-range test of financial adequacy
2013 Social Security Trustee Report
All funds in billions of dollars[15]
Category Retirement
OASI Disability
DI Medicare
Part A
HI Medicare
Part B & D
SMI
Income during 2012 731.1 109.1 243.0 293.9
Total paid 2012 645.4 140.3 266.8 307.4
Net change in Reserves 85.6 -31.2 -23.8 -13.5
Reserves (end of 2012) 2,609.7 122.7 220.4 67.2
Benefit payments $637.9 $136.9 $262.9 $303.0
Railroad Retirement accounts 4.1 0.5 — —
Administrative expenses 3.4 2.9 3.9 4.4
Social Security Income
Payroll taxes $503.9 $85.6 $205.7 —
Taxes on OASDI benefits 26.7 0.6 18.6 —
Beneficiary premiums — — 3.7 $66.6
Transfers from States — — — 8.4
General Fund reimbursements 97.7 16.5 0.5 —
General revenue transfers1 — — — $214.8
Interest earnings 102.8 6.4 10.6 2.8
Other — 3.9 2.2
Total 731.1 109.1 243.0 293.9
Total expenditure all categories social security and medicare 2013 $1.377 trillion.
1. To prevent Social Security from losing tax revenue during
the reduced Social Security worker 2.0% tax rate reduction
in 2011 and 2012 Congress borrowed money from the Federal
general tax fund and transferred it to the Social Security trust funds
Sources: Social Security Administration, [42]
Centers for Medicare & Medicaid Services (CMS) [43]
http://www.bls.gov/news.release/empsit.nr0.htm
Employment Situation Summary
Transmission of material in this release is embargoed USDL-14-0354
until 8:30 a.m. (EST) Friday, March 7, 2014
Technical information:
Household data: (202) 691-6378 * cpsinfo@bls.gov * www.bls.gov/cps
Establishment data: (202) 691-6555 * cesinfo@bls.gov * www.bls.gov/ces
Media contact: (202) 691-5902 * PressOffice@bls.gov
THE EMPLOYMENT SITUATION -- FEBRUARY 2014
Total nonfarm payroll employment increased by 175,000 in February, and the
unemployment rate was little changed at 6.7 percent, the U.S. Bureau of
Labor Statistics reported today. Employment increased in professional and
business services and in wholesale trade but declined in information.
------------------------------------------------------------------
| |
| Effect of Winter Storms on Employment Estimates |
| |
| Severe winter weather occurred in much of the country during the |
| February reference periods for the establishment and household |
| surveys. For information on how weather can affect employment |
| and hours data, see Question 8 in the Frequently Asked Questions |
| section of this release. |
------------------------------------------------------------------
Household Survey Data
From me: if we multiply 10.5 million people times 93.3 percent; then add in 10.5 million more for the 6.7 below; we get a total workforce of 113.36 million not including military. 10.5 million of which are not working. That makes 102.86 million people earning money, or paying the bills.
Both the number of unemployed persons (10.5 million) and the unemployment
rate (6.7 percent) changed little in February. The jobless rate has shown
little movement since December. Over the year, the number of unemployed
persons and the unemployment rate were down by 1.6 million and 1.0
percentage point, respectively. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (6.4
percent), adult women (5.9 percent), teenagers (21.4 percent), whites (5.8
percent), blacks (12.0 percent), and Hispanics (8.1 percent) showed little
or no change in February. The jobless rate for Asians was 6.0 percent (not
seasonally adjusted), about unchanged over the year. (See tables A-1, A-2,
and A-3.)
The number of long-term unemployed (those jobless for 27 weeks or more)
increased by 203,000 in February to 3.8 million; these individuals accounted
for 37.0 percent of the unemployed. The number of long-term unemployed
was down by 901,000 over the year. (See table A-12.)
Both the civilian labor force participation rate (63.0 percent) and the
employment-population ratio (58.8 percent) were unchanged in February. The
labor force participation rate was down 0.5 percentage point from a year
ago, while the employment-population ratio was little changed over the
year. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) was little changed at 7.2
million in February. These individuals were working part time because their
hours had been cut back or because they were unable to find full-time work.
(See table A-8.)
In February, 2.3 million persons were marginally attached to the labor
force, a decline of 285,000 over the year. (The data are not seasonally
adjusted.) These individuals were not in the labor force, wanted and were
available for work, and had looked for a job sometime in the prior 12
months. They were not counted as unemployed because they had not searched
for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 755,000 discouraged workers in
February, down by 130,000 from a year earlier. (The data are not seasonally
adjusted.) Discouraged workers are persons not currently looking for work
because they believe no jobs are available for them. The remaining 1.5
million persons marginally attached to the labor force in February had not
searched for work for reasons such as school attendance or family
responsibilities. (See table A-16.)
http://www.deptofnumbers.com/unemployment/illinois/
Illinois Unemployment
According to the BLS current population survey (CPS), the unemployment rate for Illinois fell 0.2 percentage points in January 2014 to 8.7%. The state unemployment rate was 2.1 percentage points higher than the national rate for the month. The unemployment rate in Illinois peaked in January 2010 at 11.4% and is now 2.7 percentage points lower. You can also see Illinois unemployment compared to other states.
The number of people unemployed in Illinois peaked in January 2010 at 753,515. There are now 186,461 fewer people unemployed in the state. Illinois job growth data is also available.
Unemployed Persons January 2014 Month/Month Year/Year
4 Illinois 567,054 -12,938 -35,319
Number of Unemployed Persons
from me; if we multiply 567,054 times 92.3% times 100 we get 5,233,908 workers
http://www.worldpopulationstatistics.com/illinois-population-2013/
Illinois Population 2013
Based on estimates and the studies by the United States Census Bureau, the population of Illinois in 2013 is estimated to be 12,875,255, which is the 5th largest population in the United States. This growth displayed a 0.3% increase from the last census taken in 2010. Based on the population and based on the area of the state, the population density of the state is about 232 people per square mile, ranked the 12th largest population density in the United States.
March 2013 7.5% 9.2% 602,783
February 2013 7.7% 9.2% 603,761
http://www.chicagobusiness.com/article/20130323/ISSUE01/303239976/illinois-hits-a-sorry-milestone#
llinois would be only the second state to reach the 12-digit mark. But California, the previous epic fail, has a much larger tax base and is on the mend.
Pension statistics tend to make eyes glaze over, and the $100 billion moment is an unofficial, back-of-the-envelope calculation. But it's an undeniably big and potentially symbolic number as state legislators wrestle with the shortfall in money owed to current and future retired teachers, judges, state workers and even lawmakers themselves.
http://chicago.cbslocal.com/2012/06/22/illinois-budget-crisis-worst-in-nation-auditor-finds/
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CHICAGO (CBS) — Illinois budget deficit skyrocketed to almost $44 billion, by far the worst in the nation, the state’s auditor said in report released this week.
The latest audit looked at the 2011 fiscal year, which ended last June. The deficit has more than doubled to $43.8 billion in four years. It stood at just over $20.8 billion in 2007, according to a report filed by auditor William Holland.
Looking at just the fund for general expenses, the state was $8.1 billion in the red in the red in 2011. Illinois ended the year with more the $4 billion in unpaid bills.
LISTEN: WBBM Newsradio Political Editor Craig Dellimore Reports
According to the report, five states have a budgetdeficit, and Illinois’ is by far the biggest:
1) Illinois $43.8 billion
2) New Jersey $33.4 billion
3) Massachusetts $22.8 billion
4) Connecticut $14 billion
5) California $10.5 billion
Gov. Pat Quinn’s office blamed the deficit on problems beyond his control.
Chief among the state's financial challenges is skyrocketing public pension obligations, not just for 150,000 current and
retired state workers, but for 600,000 current and retired teachers, state university employees and others around the state.
While our revenues will grow by $817 million in Fiscal Year 2014, our pension obligations will grow by $933 million. The
state's critically-needed investment in education is being squeezed more than at any time in history
http://www2.illinois.gov/gov/budget/Documents/Budget%20Book/FY%202014/FY2014BudgetPresentation.pdf
Revenues match expenditures
FY14
General Fund Revenues $35.6B
General Fund Spending $35.6B
All Funds Revenues $62.4B
All Funds Spending $62.4B
Balanced
BUDGET.ILLINOIS.GOV FY14 BUDGET
http://www.huffingtonpost.com/tag/illinois-budget
Page: 1 2 3 4 5 6 7 8 9 10 11 12 >>
Governor's Budget Projections Mean Huge Cuts for Kids
Emily J. Miller | Posted 03.11.2014 | Chicago
Read More: K-12 Education, Illinois Governor, Senior Citizens, Mental Health, Poverty, Child Care, Credit Downgrade, Spending Cuts, Children, Illinois General Assembly, Illinois, Early Childhood Education, Illinois Politcs, Seniors, Budget Cuts, Illinois Budget, Chicago News
Emily J. Miller
While Illinoisians rang in the New Year with family and friends, a little-noticed new forecast released by the Governor's Office of Management and Budget (GOMB) on the first of the year leaves no room for celebration.
Read Whole Story
How Does the State's Pension Disaster Affect Illinoisians?
Reboot Illinois | Posted 10.20.2013 | Chicago
Read More: Public Schools, Taxes, Budget Cuts, Budget, Pensions, Democrats, Democratic Party, Taxpayers, Government, Politics, Illinois Budget, Deficit, Education, Charter Schools, Tax, Chicago, Illinois, Education Reform, Republican Party, Republicans, Chicago News
Reboot Illinois
Gov. Pat Quinn estimates that the pension liability grows by $12.6 million every day. We've heard about this issue for so long that it's become a jumble of doom-laden numbers all so large they are difficult to comprehend.
http://rebootillinois.com/?infographic=193
Remember four years ago, when lawmakers raised your income tax by 67 percent? It barely made a dent in the state's extensive pile of unpaid bills and pension debt rose to $100 billion by the time the General Assembly passed a pension reform bill in December 2013. Now we're waiting for several lawsuits to get that bill before the Illinois Supreme Court, which will decide if it survives -- in whole or in part. - See more at: http://rebootillinois.com/?infographic=193#sthash.5awp5M7a.dpuf
6,700 pensioners receiving over $100,000.00 per year in IL will rise dramatically.
On that basis, you could dream about 48 of the states. Illinois now has the second-highest property taxes in the nation, according to a recent report from the Urban Institute. Only New Jersey had higher property tax rates as of the end of 2012, the period covered by the report.
Property taxes in Illinois average 2.28 percent of a home’s value, according to the Urban Institute. In New Jersey, they’re 2.32 percent, and in lowest-taxing Hawaii, they’re 0.27 percent. (The lowest among mainland states is Alabama, at 0.46 percent.)
http://illinoispolicy.org/simplereport/illinois-is-a-high-tax-state/
Illinois has the 9th-highest tax burden of any state Illinois had the ninth-highest tax burden in the country in fiscal year 2010 at $4,512 per capita, higher than all its bordering states. - See more at: http://illinoispolicy.org/simplereport/illinois-is-a-high-tax-state/#sthash.MNKTlHwi.dpuf
http://rebootillinois.com/?infographic=2652
http://www.statisticbrain.com/firearm-industry-statistics/
http://www.statisticbrain.com/firearm-industry-statistics/
Firearm Industry Statistics
Statistic Verification
Source: State Fish & Game Departments, Bureau of Alcohol, Tobacco, Firearms and Explosives, IRS
Research Date: 1.1.2014
In America the right to bear arms is one of our oldest freedoms, and it’s a freedom nearly 2 million Americans exercise each year. The firearm industry saw a decline after the assault rifle ban of 1994 but has since seen a steep increase since the ban expired during the Bush administration. The increase in sales have continued through the Obama presidency as many buyers believe they may not have the opportunity in the near future.
Average Annual Firearm Production (U.S.)
Weapon Production
*Number is the average produced yearly over the past 8 years
Rifle 1,425,500
Shotgun 777,125
Revolver 352,625
Pistol 889,125
Total Average Yearly Production 3,444,375
Firearm Sales Statistics Data
Guns and ammunition manufacturing annual revenue $11,000,000,000
Number of people employed by the firearm manufacturing industry 35,165
Number of weapons and ammunition manufacturers in the U.S. 465
Number of retail gun dealers 50,812
Annual Federal tax dollars collected on firearm sales $123,000,000
Annual number of hunting licenses, tags, permits, stamps sold 31,625,161
Gross money for conservation from license sales $525,753,481
Number of background checks for gun purchases in 2013 17,000,000
Percent of U.S. households that own a gun 32 %
Annual number of Americans who used a firearm for protection 645,000
Percent who felt laws limiting gun ownership infringe on the public’s right to bear arms 49 %
Firearm Market Share Market Share
*Measured in units sold, not dollars.
Remington Rifles 17.5 %
Remington Shotguns 21.5 %
Mossberg Shotguns 21.5 %
Thompson Center Mussleloaders 31.9 %
Ruger Handguns 16.7 %
Bushnell Scopes 17.1 %
Remington Rifle Ammunition 25.3 %
Winchester Shotgun Ammunition 31.9 %
Winchester Handgun Ammunition 22 %
Tags:
firearm industry statistics ? gun weapons manufacturing industry statistics ? gun market share percent by manufacturer ? gun sales 2012 2011 ? percent of people who own a gun ? gun sales annual revenue ?
http://www.gunpolicy.org/firearms/region/united-states
StockpilesGun Numbers
Civilian Guns
CompareNumber of Privately Owned Firearms
The estimated total number of guns (both licit and illicit) held by civilians in the United States is 270,000,0001 to 310,000,0002
CompareRate of Civilian Firearm Possession per 100 Population
The estimated rate of private gun ownership (both licit and illicit) in the United States is 101.052 3 1 firearms per 100 people
CompareNumber of Privately Owned Rifles
In the United States, the number of rifles in civilian possession is reported to be 110,000,0002
CompareNumber of Privately Owned Shotguns
In the United States, the number of shotguns in civilian possession is reported to be 86,000,0002
CompareNumber of Privately Owned Handguns
There are reportedly 114,000,0002 handguns in civilian possession in the United States
CompareNumber of Privately Owned Firearms - World Ranking
In a comparison of the number of privately owned guns in 178 countries, the United States ranked at No. 14
CompareRate of Privately Owned Firearms per 100 Population - World Ranking
In a comparison of the rate of private gun ownership in 178 countries, the United States ranked at No. 11
CompareProportion of Households with Firearms
ChartIn the United States, the percentage of households with one or more guns is reported to be
2012: 34.45 6 7