The Beginning Of The End
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10 Reasons Why Ordinary Hard-Working Americans Are About To Really Start Feeling The Squeeze

American families better get ready to tighten their belts again.  There is every indication that we are all going to really start feeling the squeeze in the months ahead.  The price of gas is starting to spike again.  The price of food is moving north.  Health insurance premium increases are being announced coast to coast and a whole slate of tax increases is scheduled to go into effect in 2011.  Meanwhile, household incomes are down substantially all over the nation and the U.S. government is indicating that there will not be an increase in Social Security benefits for the upcoming year once again.  So if the cost of most of the basic things in our monthly budgets is going up and our incomes are going down what does that mean?  It means that average American families are about to be squeezed like nothing we have seen in decades.

The reality is that it is getting really hard to make it out there.  Not only do most households have both parents working, but in many cases both parents are getting second or even third jobs.  Things have gotten so bad that millions of Americans have felt forced to turn to the government for assistance just to survive. 

It can be really disheartening to come to the end of the month and realize that despite your best efforts you have less money than you did at the beginning of the month.  But that is where millions upon millions of American families now find themselves. 

The economic despair in the air is almost palpable.  Already hordes of Americans are truly and honestly hurting and things are only going to get worse.

The following are ten reasons why ordinary hard-working Americans are about to really start feeling the squeeze....   

#1 Gas prices are going up again.  AAA says that the average price of a gallon of regular gasoline in the United States was $2.80 on Sunday.  That is 32.6 cents higher than it was during the same time period in 2009.  As oil and gas prices continue to go up, that is also going to have a significant impact on utility bills for American families this winter.

#2 The price of food is poised to rise substantially.  Bloomberg is reporting that the the cost of meat in the United States is going nowhere but up.  But meat is not the only thing that you will soon be paying much more for at the supermarket.  Wheat, corn, soybeans and almost every other major agricultural commodity is absolutely soaring this fall.  As this continues, it is inevitable that ordinary Americans will see much higher food prices at their local grocery stores.

On a previous article, a reader named Erica left a comment in which see detailed the stunning food inflation that she is seeing where she lives....

Food inflation is real, and it is here. Just yesterday I compared my receipt from a grocery run to prices I have from the same exact store from September 15, 2009. Bacon? Up 52% to $13.69 from $8.99 for 4 lbs. Butter? Up 73% to $9.99 from $5.79 for 4 lbs. Pure vanilla extract up 14% to $6.79 from $5.95. Chopped dried onions up a mere 2% but minced garlic (wet) was up 32%.

#3 It looks like those receiving Social Security are not going to be seeing cost-of-living increases again.  The Associated Press is reporting that the  U.S. government is expected to announce some time this week that the tens of millions of Americans that receive Social Security will go through yet another year without an increase in their monthly benefit payments.  You see, Social Security cost-of-living adjustments are tied to the official government inflation numbers, and according to the U.S. government there is basically very little inflation right now.  Of course we all know that is a lie, but it is what it is.

#4 The cost of health care continues to soar into the stratosphere.  Americans already pay more for health care than anyone else in the world, and yet costs continue to spiral out of control.  The cost of health care increased a staggering 9.6% for all U.S. households from 2007 to 2009.  Now, health insurance companies from coast to coast are announcing that they must raise health insurance premiums substantially due to the new health care law that Barack Obama and the Democrats have pushed through.  So in 2011 it looks like the average American family is going to have to carve out an even bigger chunk of the budget for health care.

#5 American families could desperately use a recovery in the housing industry, but that is simply not going to happen.  Foreclosure-Gate is getting worse by the day, and it threatens to bring the U.S. real estate industry to a complete and total standstill.  If it is ultimately proven that the paperwork for millions of mortgages in the United States is seriously deficient, it could push hordes of mortgage lenders into bankruptcy and render mountains of mortgage-backed securities nearly worthless.  Regardless, it is now going to be much more difficult to get a mortgage, much more difficult to buy a home and much more difficult to sell a home.  We could very well be looking at the next stage of the housing crash.  Ordinary Americans could end up losing trillions more in home equity.   

#6 More Americans than ever find themselves unable to pay their bills, and an increasing number of frustrated creditors are actually resorting to wage garnishment.  Yes, you read the correctly.  Creditors are starting to ruthlessly go after the weekly paychecks of debtors.

The following is an excerpt from a recent New York Times article that discussed the rise of wage garnishment as a weapon against debtors....

After winning, creditors can secure a court order to seize part of the debtor’s paycheck or the funds in a bank account, a procedure called garnishment. No national statistics are kept, but the pay seizures are rising fast in some areas — up 121 percent in the Phoenix area since 2005, and 55 percent in the Atlanta area since 2004. In Cleveland, garnishments jumped 30 percent between 2008 and 2009 alone.

So if you are getting behind on your debt, you better watch out - your creditors may soon decide to garnish your wages.

#7 Americans now owe more on student loans than they do on credit cards.  As hard as that is to believe, that is actually true.  Americans now owe more than $849 billion on student loans, which is a new all-time record. 

Student loan payments can be absolutely crippling to a household budget.  This is especially true for young Americans that have just gotten out of school.  Sadly, student loan debt is nearly impossible to get rid of.  Once you are committed, it will follow you around for the rest of your life. 

#8 Even as expenses rise, incomes are down from coast to coast.  Median household income in the U.S. declined from $51,726 in 2008 to $50,221 in 2009.  There are very few areas that have not been affected.  In fact, of the 52 largest metro areas in the United States, only the city of San Antonio did not see a decline in median household income during 2009.

#9 If all of this was not bad enough, now there are rumblings that the U.S. Federal Reserve is actually thinking that we need more inflation.  A number of top Federal Reserve officials have come out recently and have publicly supported the notion that the Fed needs to purposely create more inflation in order to stimulate the economy.  Of course what they don't tell the American people is that inflation is a hidden tax on every single dollar in our wallets and in our bank accounts.  More inflation would be really bad news for ordinary Americans, because they are already having a tough time getting their dollars to stretch far enough. 

#10 Apparently the U.S. government (and many state and local governments) think that this is a great time to stick it to the American people by hitting them with a slew of new taxes.  There are so many tax increases scheduled to go into effect in 2011 that it is hard to keep track of them all.  In fact, there are many (myself included) that are calling 2011 "the year of the tax increase".  But the Americans that are going to get it the worst of all are those that are going to get hit with the Alternative Minimum Tax.  One out of every six American households is going to be hit with a tax increase averaging $3,900 (thanks to the AMT) and most of them don't even know that it is coming.

So did you think that 2010 was bad?

Well, you haven't seen anything yet.

2010 was a Sunday picnic compared to what is coming.

Get ready to get squeezed.

Get ready for higher food prices, higher gas prices, higher health insurance premiums and higher taxes.

Get ready to try to do a lot more with a lot less.

Inflation is already here, but it is going to get a whole lot worse.  Meanwhile, the U.S. government (along with state and local governments) is going to continue to have a voracious appetite for more revenue. 

Average Americans are going to be squeezed until they have nothing left to give.  Then they are going to be squeezed just a little bit more.  

Are you ready?

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  • http://www.suburban-self-reliance.com Jerry

    Beans, bullets and band-aids.

    Also watch for more suicides, and murder-suicides.

    Then watch out for the bad guys…

  • http://colonelgirdle.wordpress.com/ colonelgirdle

    Am I ready?
    Let’s see… I’m 52, unemployed for over a year and just went through bankruptcy.
    So, am I ready?
    Nope!
    And I have a lot of company. Most everyone I know is on the ropes financially. And there is no end in sight for the economic depression.

  • Cooper

    I second Jerry’s opinion. As a marginal individual, I’m filled with more dread every month.

  • http://www.suburban-self-reliance.com Jerry

    I guess a lot of Baby Boomers have already retired. They just don’t know it yet.

  • mondobeyondo

    Folks, we’ve got trouble!
    Right here in River City!

    With a capital T, and that rhymes with D, and that stands for Debt, Default, Depression and Despair!

  • JP

    The lords of fiat assets behave like the goons of “The Lord of the Flies”, from the great novel by William Golding. Their impulse is pure lust, untempered by will and undisciplined by reason. That’s why Jack and his goons mercifully plunder and try to kill Ralph and all the “PIGS” that can’t or won’t fit in. (I am a citizen of one of the PIGS)

  • Lynn D.

    I was young and now I am old, yet I have never seen the righteous forsaken or their children begging bread. Psalm 37:25

  • Richard

    I have been using a different tactic to avoid filing BK.

    I just let them sue me…and then explain to the judge how broke I am and so far 3 credit cards have been dismissed…although they can still refile until the statue of limitations runs out which in NY is 6 years from your last payment.

    But now on the 4th one the courts have begun to side with the CC companies and reschedule you for almost a year, so I have another court date in Aug 2011, if I am still broke or on welfare they will dismiss it…

    And the good low interest credit card, I have been paying down and so far the outstanding limit has not decreased.. so my advice is to use the courts to avoid BK.

  • sharonsj

    I just spent Sunday at a flea market, buying up silver jewelry (I can’t afford gold) as a hedge. I also am stocking up on certain things like sugar and coffee and liquor, not only for future use but for barter.

    We are going down the tubes and the mainstream media–as well as our government–isn’t telling us the truth. As someone who already lives mainly on Social Security, it is possible to survive on not much money. I think that the majority of Americans will eventually experience what I have learned.

    Unless our leaders stop spending on two wars and the Pentagon, nothing will change. If we do not get rid of most politicians, lobbyists, and banksters, nothing will change. So I am looking forward to the next revolution.

    • Susan Remmele

      You are very smart to be doing what you are doing. I would add guns and ammo to what you are stocking up on. You will need to protect your supplies.

  • Vickie Duran

    Back to beans and taters for us all, and all because of the greed and incompetence of a few. What value would having a mansion in the middle of Detroit be to anyone? That’s what America is going to be like. Also, consumers need to revolt – we have more power than we think.

  • Gary

    People are squeezed because the rich have stolen all our money. Wages stopped rising along with productivity because the rich have been stealing our gains.

    We need to tax the rich hard and spread our wealth back to the people who actually created it.

  • Death Spiral

    History Repeats Itself:

    The last time this much wealth was controlled by such few people was in the 1920′s just before on the onset of the Great Depression.

  • WakeUp

    END THE FED!

  • El Pollo de Oro

    About #4:

    Columbia University just released a study on life expectancy in The Banana Republic of America (BRA), which is behind other major developed countries in that area (if you can still call the BRA a developed country–the “developed” part is certainly debatable at this point). People in France, Japan, Holland, Sweden, Italy, Spain, Switzerland, Austria and a long list of other countries are outliving Americans. The reason cited in the study? No, it wasn’t smoking, obesity or sedentary lifestyles. It was the BRA’s wretched health insurance system that Columbia cited as the culprit. So in other words, we can thank Blue Cross, Aetna and other health insurance ghouls for the fact that Americans are dying sooner than Europeans. What do Americans get for the sky-high and ever-increasing premiums that we’re paying? We get to die younger than our friends in France or Italia.

    The BRA’s health insurance system is a disaster that enriches corporate robber barons while making Americans poorer and sicker, and sadly, Obamacare/Pelosicare (which is really Romneycare because it was largely based on what Republi-Con Mitt Romney did as governor of Massachusetts) doesn’t do nearly enough to make the robber barons clean up their act. For example, many “reforms” in the bill don’t apply to individual plans (as opposed to group plans) that existed before the bill was passed–and that’s very bad news because so many small business owners and self-employed people have individual plans.

    #6 goes hand in hand with #4 because so many of the bills that Americans are unable to pay are medical bills. Americans who are debt-free can suddenly find themselves facing huge debts if they get sick and the robber barons at Aetna or Blue Cross fail to uphold their end of the bargain. Medical bills in the BRA typically cause people to lose their homes, their cars, their retirement accounts–everything–and that just doesn’t happen in civilized countries like the Netherlands.

    Michael Snyder is absolutely right: many ordinary Americans are being squeezed badly, and the squeezing is going to get a whole lot worse. God help The Banana Republic of America.

  • Gary

    PS:If government truly represented average folks instead of the rich and the corporations then I think peoples opinion would be more positive.

    Think about it-in one long weekend Wall street got bailed out. There was tremendous seance of urgency to save the rich. Now if there was this same urgency to help the poor and middle class this would go a long way in improving peoples perception of government for the people and not just government for the corporations and the rich. One long weekend and the rich are saved-years and at most the poor have gotten a crumb or two at best.

  • happy face

    Eat half as much meat as you do now and live longer. Meat bill will drop by 50%.

    Carpool. Gas bill will drop by 50%

    Cancel health insurance. Insurance will drop by 100%.

    Work less. Reduce tax bill.

    Simple.

  • Publius

    A nation that expects to be ignorant and free said Jefferson, expects what never was and never will be. I am one of the very few who talked loudly and frequently about the coming train wreck. I recall clearly a a child thinking about Weimar, as an adult studying history and political science in college being bemusedd by the brainfog of ordinary voters more interested in pursuit of material gain than good government. In my opinion Americans are the perps and not the innocent victims. Looking the other way while politicians gerrymandered districts, took massive corporate funding, campaigned on stupid slogans, perpetuated militarism, accelerated massive tax cuts to the very rich, promoted the interests of corporations over the common good, is not an action of responsible people. Now the the swindle is openly on the table and the best Americans can do is a Tea Party?
    Ignorance and freedom do not mix. Come the dictatorship only the ruling class will have credit, the serfs won’t need it.

  • Mike

    Lets stop taxing the top 2%! Then they will give us great jobs and health care!

    Capitalism has failed. The tea baggers are helping the rich loot everything

  • zimtran

    It’s like the government hates it’s own people and wants to destroy them !

  • Hey Rock

    And so it begins :(

  • Tommy Reality

    To Gary who thinks we need to “tax the rich hard”. If you mean tax the holy crap out of all the multimillionaire Hollywood actors and producers, and all the big media giants, rap “stars” (sic) and all the ridiculously overpaid professional sports players, then I’m all for that. After all, they’ve, as a group, done more to “steal the wealth” of our nation and corrupt our youth than any other force in our history. Tax them all into oblivion.

    But if you mean to tax all the hard working entrepreneurs and businessmen who’ve done more than their fair share to help create jobs, circulate money in the economy, and try to make our country strong again, then you’re way off base here.

    Cut all forms of welfare by about 80%, reduce the size of government by at least 50%, reduce our national income tax to a fixed 17% (10% the govt gets to run off of, 7% must go towards paying down the national debt and when that is paid off, the tax goes down to 10% and the fed gov MUST operate within that budget), and terminate Social Security — let us put that 12.4% of our incomes annually into our own private retirement accounts, and then this nation will start to get back on on its feet and become financially strong again.

    Tom Reality

  • Zaphod T Beeblebrox

    But Karl Denninger promised us MASSIVE DEFLATION!!! We can’t possibly be experiencing inflation, because it is mathematically impossible!!!!! Bernanke would never destroy the dollar, he PROMISED!

    Hey Denninger, here’s a big *@#&($@*& YOU from one of the many people you banned from your site because we dared to suggest the Fed would try to inflate our way out of the mess. Oh yeah, and that worthless gold crap (that was going to drop all the way back down to $250/oz any second now!!!) was a pretty damn good buy at $800, don’cha think?

  • dan

    things are bad bad bad out there,im 40 years old ,single and have made a good living as an auto tech. for 20 years,those days are long gone,its gonna take 5 to 10 years for america to fully recover from this mess

  • Pangea

    Many agree that home prices are still grossly overpriced, but what most people aren’t discussing yet, is that their salaries and wages are grossly overpaid. Hard to imagine, but your pay is the next BIG bubble. Don’t believe it? Well, if a company can hire an overseas worker to make our widgits for 75% less than an American worker, then why on earth would that company choose to pay you 75% more? That’s money that can go straight into the pockets of the ceo. Nuff said.

  • William

    Gee, the $800+Billion wasted in the unnecessary war of choice in Iraq now seems like a bad idea, HUH??? Too bad America is not smart enough to take care of its own, yet squanders hundreds of BILLIONS of dollars for foreigners……..

  • http://economiccollapse jack

    Explain to me why the interstates are packed, restaurant reservations are difficult to get, hotel/motel reservations are difficult to get and expensive when you get them, and the mall parking lots are jammed w/ people w/packages getting in cars. And these places are in areas where you supposedly have high unemployment and many foreclosed homes. I must be stupid

  • http://www.suburban-self-reliance.com Jerry

    I forgot something:

    Just came off of six-months of Active Duty in the San Antonio area. The catch there? It’s the densest military industrial complex in the country! Huge concentration of Air Force and Army, along with all the civilian employees, contractors, and military retirees who flock down there to live.

    Remember: This is where over half of the federal budget goes (between both DOD and the VA)

    Can’t wait for the grid to go down, there. Their life support systems, known as air conditioning will all fail. HA HA (as in that big kid from The Simpsons).

  • Mr. Smith

    The easiest way to revolt is called a W-4. You can request one at any time. The only way to remove the power is to take what is yours. When you request that W-4 put down 10 on dependents, and what will happen then the government will not take out any taxes. Then when it is time to file taxes nobody files, but good luck trying to convince scared Americans to do that. Although if 2011 is the “great tax year” would that not be a perfect time to bankrupt them? Just when they are counting on more money, and bam out of no where no tax dollars received. I think so this is the simplest and easiest way to stop the over taxation.

  • Maria

    Am I ready?

    My family and I have seen this coming for years, and we have done our best to “prepare”.

    The truth is, no matter how much we “prepare” materially, I think the most difficult aspect of all this is the spiritual suffering.

    Our society has gotten so far away from God that we don’t even see evil for what it is anymore. So many people think this is just an economic problem in our world, but it’s not. This economy is only a symptom, like all the other things that are going wrong. The fundamental problem is the moral and spiritual decay.

    As the saying goes, we made our bed. I just pray that God will not abandoned us the way we have abandoned him. I believe his mercy is as great as his justice. We are going to be on our knees begging for it.

    Jesus, please give us the strength and the courage…to change…to be the people you want us to be…and the nation you want us to be. Dona nobis pacem. In the name of the Father, and the Son, and the Holy Ghost. Amen.

  • Maria

    Short answer…no.

  • Rob

    Gary said:
    “We need to tax the rich hard and spread our wealth back to the people who actually created it.”

    You’d make a great communist, Gary.

    Who do you think hires workers, Gary? Is it the poor? Is it the guy holding the sign by the road begging for $5? No, it’s those “rich” folks you detest. Tax them hard? Go for it. That simply means less money they have for hiring workers. Why make a ton of profit when the gov’t simply confiscates it?

    Apparently you must have slept through all your economics courses in school which note time after time that high taxation destroys job creation, and low taxes help foster job creation. Which, as history has proven, actually INCREASES tax revenues due to the increased tax base.

    What do liberals know, though? They’re the ones who’ve gotten us into the mess… Tax and spend, promise subsidies and funds, and do nothing but demand the “rich” pay for it.

    What happens when the rich take their ball and leave, Gary? Who pays for your “free health care” then?

  • Deeker

    Yup, HappyFace is right. Block them out of your life. Use less gas and watch it drop, cancel the ins policy and let it rot. Trust me, you can live a long healthy life without being “covered” 24/7 and if something happens.. BK IT OUT. BK can remove medical debt.

    Its time to say screw it and fight back the only way we can, allow all these greedy companies and businesses to DIE

  • @JP

    JP, and in the end Jack and his gang wins.

    Ralph is the last one left when the rescuers come. They don’t ask questions when they take the boys in, and Ralph is probably put into the same quarters along with Jack and his gang.

    It is likely that Jack and his gang will kill Ralph within the night and throw him into the sea, and the tired soldiers who rescued them will turn a blind eye.

    Jack and his gang are all one side and there is only Ralph on the other side, since piggy is already killed. Eliminate the sole witness.

  • bredwin

    I think that happy faces comment, is the best one!! We as consumers have the power, without us creditors and companies have nothing!! remember that folks….

  • http://economiccollapse jack

    I love attending TeaParty meetings. People scooting around in ScooterChairs blaming the government for everything ( high taxes etc) and their ScooterChairs paid for by Medicare( $5-6,000/pop.) No such thing as a free lunch people. It is not the government because the government is us. I go Pogo! We get the government we deserve.The best money can buy.

  • Gary

    rob-the rich have gotten nothing but tax break after tax break-heck-there is not even an estate tax this year-lets see-how the job creation is working out? Wait-not so good. All you need to do is open your eyes to see that I am right and you are dead wrong. The rich have the lowest tax ever right now and the last 8 years (thanks to bush) and look at the mess we are in. This CLEARLY does nothing to create jobs. Are you living in a cave?

    I really think you must be a few fries short of a happy meal if you really believe what you said.

  • Steev

    One would think that because of our mismanagement of the Government that many would come to DC and start large scale protests. Seems that the downtrodden and hungry can not afford to. Government wins again. 2010 was a cake walk compared to whats comming… here’s a prelude…
    Warning: The biggest tax increase in U.S. history, starting December 31, 2010. Tax rates of 10, 15, 25, 28, 33 and 35 percent will expire on December 31, 2010 and be replaced with rates of 15, 28, 31, 36, and 39.6 percent. A $1,000 child tax credit will be cut in half as would other family-related benefits and many married couples will pay more. Rates for capital gains will increase to 20 percent from 15 percent. Dividends, currently taxed at 15 percent, would be taxed as ordinary income with rates as high as 39.6 percent. In addition, a top 55 percent tax on estates worth more than $1 million will be reinstated.

    Higher Taxes for All !!!!!!

    America’s unemployment will rocket higher and GDP will drop. A continuation of the deep recession. Thanks to the leadership Democrats and Republicans alike.
    NEWS BULLETIN: By Presidential Executive Order, Obama declares that because of the state of the economy he will make the Bush tax cuts permanent. Oops Sorry….we are still waiting….
    Year 2000 about 11.3% of Americans were living in poverty.
    Year 2008 about 13.2% of Americans were living in poverty.
    Year 2009 about 14.3% of Americans were living in poverty.
    Year 2010 expected 15.6% of American will be living in poverty.
    Year 2011 estimated 17.8% of Americans will be living in poverty.
    Year 2012 estimated 21.2% of Americans will be living in poverty.
    Year 2013 estimated over 37% of Americans will be living in abject poverty.

  • Jeremiah

    I think we are headed down the chute for good unless something changes. This is not the Walton’s. Families are disintegrated, leaving folks to fend for themselves with no safety-net. When the unemployment runs out and jobs are still not available, where do people go? The street…

  • mark

    Jack said:
    October 12th, 2010 at 6:05 pm

    “Explain to me why the interstates are packed, restaurant reservations are difficult to get, hotel/motel reservations are difficult to get and expensive when you get them, and the mall parking lots are jammed w/ people w/packages getting in cars. And these places are in areas where you supposedly have high unemployment and many foreclosed homes. I must be stupid.”

    Probably because they are putting it all on several credit cards they have in their wallets and going deeper into debt, and also because they are spending the money that they WERE spending to make their house payments before the house was foreclosed on — which they are still living in but not making payments on.

  • Fred54

    I’ve seen this coming for about 10 years now.
    Been moving my liquid assets out of the country so good luck with garnishment if it comes to that. Working for cash and barter to skirt taxes where I can. Buying up gold, canned goods and ammunition when I can. Keep my 2 foreign passports current. Keeping my sailboat capable of crossing oceans in the water and ready if I need it and the borders are closed. (I live on a coast). I have a well, a wind generator and live on enough land to grow a least some of my food. My neighbors have enough land to feed us all.
    I have tractors and farming equipment.
    I have a pilots license and a close friend owns a plane. My house is defensible, I’ve cut trees for free fire zones on the approaches. I’m probably OK for now…

  • X

    Does anyone ever wonder why Switzerland was never invaded in WWI and WWII?

  • Tel

    You forgot to mention electricity prices.

  • tormented

    Why is that, X?

  • Cambo

    @X

    Please enlighten us, why was Switzerland not invaded in WWI & WWII?

  • http://www.RavingCapitalist.com Paul Mladjenoviuc

    Americans need more preparation to avoid or minimize the difficulties unfolding before us.

    I encourage people to join Jim Maendel’s American Preppers group on LinkedIn.com (among other things). They share great tips and strategies on this topic.

    Take care…
    Regards,
    Paul Mladjenovic
    http://www.Mladjenovic.blogspot.com

  • http://www.thezeitgeistmovement.com neverquit

    Money’s time has all but run out.

    The monetary system is inherently inflationary and can therefore never be debt free. Neither can a society that is based on that very same system.

    In a world where you can make money off of money itself with no work involved, while the majority of people have to plunge themselves into a life of debt and daily servitude just to stay alive, we HAVE TO think of alternatives.

    It is not money you need – it is resources, technology, love.

  • lostinmissouri

    Gary, (from other thread)
    This is your reply to me, about I never got a job from a poor man:

    “LOST IN MISSOURI said I never got a job from a poor man, or even a lower middle class guy.

    Every time a “poor/lower middle class guy” purchases something you are getting a job. Just think of all the jobs that we would have if more “poor and lower class guys” had more money to spend had the rich not stolen our productivity gains…

    I rest my case (for now)”

    Somehow , I miss your logic here. By your statement then there should be “jobs” running out our ears everywhere, because all those evil “rich people” do spend lots, and lots, of money, along with the poor.

    Your constant rant, about the tax breaks “the rich” get, never addresses the fact that the “poor” don’t pay the same kind of taxes, where the so called “tax breaks” are.

    For 50+ years, we have had the “tax the rich” mentality and we have more poor than ever. It may be time to change our thinking.

    Why not put the highest taxes, on the poor and see if we don’t get more than ever rich people? Tax non-success, and reward success.

    Taxing the poor, would give them the most incentive, to quit being poor….just saying.

  • http://www.thezeitgeistmovement.com Gaby64

    Listen to this radio show to understand the coming collapse:
    http://www.blogtalkradio.com/peter-joseph/2010/10/13/101310–peter-joseph-8-lectures-3-a-profile-of-col

    We don’t need money, we need technology and the scientific method applied to social concerns.

  • Out of the Matrix

    Well I said enough. My wife and I cancelled our health insurance this month. We’re both self employed, no kids $8000 deductable, we were paying $1100/month that went to $1459/month thanks to Obama health care. We have walked away from our house and now rent a small place in the country, we both will work just enough to legally not have to file income tax and we will spend the rest of our time growing and raising our own food. I’ve just plain had enough and if it means I have to live in a box to no longer support this system then so be it.

  • http://www.gasto5.blogspot.com Gabriel Hasbun

    Right now the best solutions globally are independent groups and movement with no profit interest.

  • Mike

    Out of the Matrix: Your insurance went up thanks to the Republicans, You tea baggers are a drag on the rest of us.

  • cheapy

    Gary,

    The tax rate is plenty high enough, I think. The problem is that Obama has misdefined “rich”, and the tax code is 67,000 pages of loopholes for those with an army of lawyers and accountants to avoid them. Warren Buffet only pays 15%. Why is that? End ALL deductions other than some number like $5000 per person and leave the rates alone.

    As for the rich stole all your money, NO, YOU gave it away to the Chinese via WalMart, and the Oil Producers via the gas pump. They haven’t been buying anything we make, so we don’t need anyone employed to make anything. Google Warren Buffet’s “Import Certificates” idea from 2002 if you want to ever see jobs in America again. Sorry to be the bearer of bad news, but the rich didn’t steal your job, you and your governments since the 70′s gave it away.

  • work.buy.consume.die.

    Tea baggers? Walmart? Warren Buffett? Get a life. Look no furthur than your mirror for the answer to today’s america. Also look around the world and see the people rising up in defense of their future. What kind of people lets the future of their children be stolen and do nothing? Maybe you can eat your cell phones and flat screens when food prices go off the cliff. Maybe your local sports bar will feed your family. Maybe the mall will give you shelter when you become homeless. Silence and indifference has wiped out america. but you don’t have time to worry about that right now, the holiday season is here. Shop til’ you drop…

  • Jeff

    Exactly…..the guy commenting earlier had it right…”look no further than your mirror for the answer to today’s america”. Every once in a while I might come across someone who is aware of what’s going in the country and why, but for the most part, people in america are just absolutely stupid and ignorant. All they care about are sports, facebook, cell phones, and flat screens. They believe everything they are told by the mainstream media on television and if you so much as suggest anything different than what they hear, then they look at you like you are some crazy wack job. It’s like being in a twilight zone movie where everything is crystal clear to me, but no one else seems to be aware of anything. This country is being brought down slowly by design. I know who is doing it and why, and yet I’m not exactly the brightest person in the world either. So if I can see these things and if I can connect the dots, then why can’t most of everyone else I come across that thinks so highly of themselves? It’s bizarre.

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