2012 Economic Indicator Forecast

In 2011, over several weeks, I posted a model for each of the most vital economic indicators: GDP, Unemployment, Inflation, federal budget, federal debt, federal spending, trade deficit, consumer spending, tax receipts, state deficits, state social benefit spending, personal income, and federal social benefit spending. From these models I am predicting the 2012 end of year results for these variables to be as follows (2010 results are in parenthesis):

Federal Social Benefits – 2.5 trillion dollars (2.3)

Personal Income – 12.9 trillion dollars (12.5)

State Social Benefits – 615 billion dollars (540)

State Deficits – 87 billion dollars (50)

Consumer Spending – 11 trillion dollars (10.5)

Trade Deficit – 560 billion dollars (520)

Budget – 3.7 trillion dollars (3.7)

Government Spending – 5.1 trillion dollars (5.3)

Tax Receipts – 3.7 trillion dollars (3.9)

Federal Debt – 16.4 trillion dollars (13.3)

Inflation – 2% (1)

Unemployment – 7.5% (9.6)

GDP – 15.5 trillion dollars (14.2)

My Book: Is America Dying? (Amazon.com, Barnes and Noble)