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22 Reasons To Be Concerned About The U.S. Economy As We Head Into The Holiday Season

2013 Holiday SeasonAre we on the verge of another major economic downturn?  In recent weeks, most of the focus has been on our politicians in Washington, but there are lots of other reasons to be deeply alarmed about the economy as well.  Economic confidence is down, retail sales figures are disappointing, job cuts are up, and American consumers are deeply struggling.  Even if our politicians do everything right, there would still be a significant chance that we could be heading into tough economic times in the coming months.  Our economy has been in decline for a very long time, and that decline appears to be accelerating.  There aren't enough jobs, the quality of our jobs continues to decline, our economic infrastructure is being systematically gutted, and poverty has been absolutely exploding.  Things have gotten so bad that former President Jimmy Carter says that the middle class of today resembles those that were living in poverty when he was in the White House.  But this process has been happening so gradually that most Americans don't even realize what has happened.  Our economy is being fundamentally transformed, and the pace of our decline is picking up speed.  The following are 22 reasons to be concerned about the U.S. economy as we head into the holiday season...

#1 According to Gallup, we have just seen the largest drop in U.S. economic confidence since 2008.

#2 Retailers all over America are reporting disappointing sales figures, and many analysts are very concerned about what the holiday season will bring.  The following is an excerpt from a recent Zero Hedge article...

Chico’s FAS [CHS] Earnings Call 8/28/13:

Traffic was our issue in quarter two. In a highly promotional and challenging environment, comparable sales result was a negative 2.6 percent on top of a positive 5.6 percent last year and a positive 12.8 percent in 2011.”

William-Sonoma [WSM] Earnings Call 8/28/13:

The retail environment, it seems to indicate there’s still a lot of uncertainty out there, that the promotional environment has not gone away and that the retail environment in general continues to be choppy, especially with the recent earnings releases and this global unrest, and we just don’t want to get ahead of ourselves.”

Zale Corp [ZLC] Earnings Call 8/28/13:

“Overall, we continue to take a conservative view of market conditions in both the U.S. and in Canada. That being said, we do expect to continue to achieve positive top line growth. We expect store closures will impact our overall revenue growth for the year by about 250 basis points. It represents net closures of approximately 50 to 55 retail locations.”

DSW Inc. [DSW] Earnings Call 8/27/13:

We did have a traffic decline in Q2, sort of similar to what just about every other retailer in America has reported.”

Guess? [GES] Earnings Call 8/28/13:

“The Korean business continued to be strong as revenue grew in the high single digits in local currency during the quarter. This was offset with the weakness from China, where we are seeing clear evidence of a pullback in consumer spending behavior because of the slowdown in the economy.”

Aeropostale [ARO] Earnings Call 8/22/13:

“Our business trends in the second quarter did not change materially from earlier in the year, which was disappointing given the level of change we registered with the brand. This performance in the third quarter outlook is being influenced by a challenging retail environment, with weak traffic trends and high levels of promotional activity.

#3 Domestic vehicle sales just experienced their largest "miss" relative to expectations since January 2009.

#4 One of the largest furniture manufacturers in America was recently forced into bankruptcy.

#5 According to the Wall Street Journal, the 2013 holiday shopping season is already being projected to be the worst that we have seen since 2009.

#6 The Baltic Dry Index recently experienced the largest 4 day drop that we have seen in 11 months.

#7 Merck, one of the largest drug makers in the nation, has announced the elimination of 8,500 jobs.

#8 Overall, corporations announced the elimination of 387,384 jobs through the first nine months of this year.

#9 The number of announced job cuts in September 2013 was 19 percent higher than the number of announced job cuts in September 2012.

#10 The labor force participation rate is the lowest that it has been in 35 years.

#11 As I mentioned the other day, the labor force participation rate for men in the 18 to 24 year old age bracket is at an all-time low.

#12 Approximately one out of every four part-time workers in America is living below the poverty line.

#13 Incredibly, only 47 percent of all adults in America have a full-time job at this point.

#14 U.S. consumer delinquencies are starting to rise again.

#15 The Postal Service recently defaulted on a 5.6 billion dollar retiree health benefit payment.

#16 The national debt has increased more than twice as fast as U.S. GDP has grown over the past two years.

#17 Obamacare is causing health insurance premiums to skyrocket and this is reducing the disposable income that consumers have available.

#18 Median household income in the United States has fallen for five years in a row.

#19 The gap between the rich and the poor in the United States is at an all-time record high.

#20 Former President Jimmy Carter says that the middle class in America has declined so dramatically that the middle class of today resembles those that were living in poverty when he was in the White House.

#21 According to a Gallup poll that was recently released, 20.0% of all Americans did not have enough money to buy food that they or their families needed at some point over the past year.  That is just under the record of 20.4% that was set back in November 2008.

#22 Right now, one out of every five households in the United States is on food stamps.  There are going to be a lot of struggling families out there this winter, so please be generous with organizations that help the poor.  A lot of people are really going to need their help during the cold months ahead.

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  • Kim

    It’s going to be a long, cold January.

    • Greg Burton

      Probably the rest of the century as well.

      • Kim

        Bundle up and hunker down.

        • Kim

          I was going to reply but his post disappeared. I’ll check back.

    • El Pollo de Oro

      As the late Gil Scott Heron once said, it’s winter in America.

  • Richard

    This is the first time I have seen you make some kind of prediction Michael. I still believe that were going to take a major hit before the end of this month, no matter what the government decides. So now is the time to take care of business, time is running out.

  • Day2Day

    Also, let me add, that a college degree will NOT help you in these tough economic times…

    I am one of the part time workers listed, and work for little more than min-wage, and at the company I work for, there are 5 people with college degrees! Bio-chemistry, criminal justice, mechanical engineering, art history etc…

    They have all applied for hundreds of jobs in their fields and not one of them can find a job in their related field!

    I saw the scam, years ago and decided against college after one year…

    So, the moral of the story folks, is it’s hard out there….

    • Ralfine

      All Filipino domestic helpers in Hong Kong have a college degree. Welcome to the club.

      • HaHaHa
        • James Vaughan

          You might want to check out the latest book on Obama and his real motives and thinking, from Dinesh D’Souza. It is very revealing and every bit as shocking as JFK and Ms. Monroe “doing it” on the white house lawn would be.

          • Sherry Dyer

            What is the name of the book? I would like to read it. Thank you.

      • HaHaHa
        • anthro_apologist

          This isn’t Obama’s America. Now, I am not defending Obama, because I am not a supporter either, but your conservative talking points and right wing drivel is quite tiring. There is plenty of blame to go around on both parties. The sooner people realize that neither the Republicans nor Democrats are working for us, but working for the wealthy only, we might be able to accomplish something as a people.

      • We’reDone

        Their college degree barely means squat here in the states, and I would imagine the same holds true in Hong Kong. I know, I married a Filipina who is trying to get a degree now after she already had one from the Phils..

        • Ralfine

          In Hong Kong, foreign domestic helpers are not permitted to look for other jobs.
          In Singapore, German companies dont mind employing philipine software engineers. now, with Singapore changing labor laws for foreigners, these companies think about moving to the philippines.

          • We’reDone

            Yep, for the Germans, the Filipinos are “their” Indians, and for Singapore the Philippines is their Mexico. Just like the US is doing-CHEAP LABOR..

          • Hammerstrike

            I think Singaore´s population is going to get a lot bigger soon.

            Best of all, their drug laws will keep most Californians at bay.

    • markthetruth

      Don’t Believe that at all except art History the high end Degrees Jobs are there, you just have to be a Honor Student .
      Too many people have the Degree but not the knowledge.

      the end…

    • HaHaHa
      • 2Gary2

        typical conservative selfishness.

        • chilller

          Is that all you do is read posts looking for one to slap your “conservative” label on? That’s called stereotyping…it’s a most unbecoming trait…not that you’d notice it in yourself.

          • English Kev

            That and pull himself red raw siting in front a mirror.

        • smallergovnow

          yes we should all be your slaves gary to pay for your “entitlements”…

        • C.L. Strasburg

          Yet another student of the Soros Institute For Internet Trolling.

      • Smokeman

        We will see how long that lasts when the s**t hits the fan.

      • El Pollo de Oro

        HaHaHa: The guns and ammo will come in handy when people have lost everything and have nothing left to lose and they lose it (Gerald Celente). Of course, the hungry and the desperate might be armed themselves. So I expect a lot of bullets to fly and a lot of blood to flow in The Banana Republic of America.

      • A Dodgy Bloke

        I bet HaHa lasts longer than any of you guys.

      • Nobody

        Right on!

      • energizedmortal

        don’t need to buy, there will be plenty of guns and ammo on the ground

    • SafetyViking

      Disagree. Depends on what degree you have. It’s not a shocker that English Lit, Psychology, & Humanities grads can’t find a job, but mine is in Occupational Health & Safety. I work in a specialized field in segments that can’t be outsourced -power plants & refineries. I turn down -on average- 4 jobs/month, and have never made less than $140k/year.

      • D.Z.

        ” I work in a specialized field in segments that can’t be outsourced -power plants & refineries.”

        That’s what they say about every job until it happens.

        • SafetyViking

          I’m not worried about it…

          I can retire anytime.

          • We’reDone

            Then go gloat somewhere else..

          • DiscouragedOne

            If the government doesn’t grab our retirement incomes.

          • anthro_apologist

            This is exactly the attitude that is hurting the U.S. ” I have mine so who cares about the rest.” America deserves every hardship that falls on us. We are a bunch of self centered, greedy capitalist pigs.

        • grintch

          Until they hire an Indian half your age at half your salary.

      • Smokeman

        All jobs can be outsourced. Hopefully, your job will not be one of them. I have seen many people who were in secure career fields have either all, or part of their work outsourced to contractors.

        • SafetyViking

          I am a contractor. Not worried about any of that.

        • Thomas

          Become a plumber, it is difficult to open a clogged toilet over the telephone from India.

          • We’reDone

            LOL, we’ll soon be unclogging all of their toilets here for 1/3 of what the wages should be! And they are a DIRTY race. I work with a bunch of them…..

          • Ralfine

            do not become a plumber. let THEM drown in the sh** they produce.

          • Annette Smith

            With the hispanics coming over the border, they’ll under price you and take even that chitty job from you.

      • Corbin Hopkins

        Congratulations, you chose well…for now. Have you considered what will happen to your job as the economy and government continues to deteriorate? You are in a field that is captured by government/regulatory agencies. As government power wanes, you too may be forced to flip burgers.

        • We’reDone

          Big Viking says he “can retire anytime” so he’s snot worried..

    • tray2000

      their is nothing wrong with getting a college degree,..but their is everything wrong with getting that degree in a dumb @ss major,.. i have a degree in radiological technology,..a degree in radiation therapy,..im about to get licensed as an mri techologist you have to be smart,..i thank the most high god that i have not only one but two jobs,… now if i would have wasted my time and money in college studying art,.. or women s history im sure i would be unemployed,… you have to take the hard science majors that cannot be out soured,… unfortunately that’s the only way to thrive right now

      • SAM

        How about computer majors. I have a son going into Human Resources Development. I’m concerned.

      • Leena Silver

        You are absolutely right I have a bachelors degree in legal studies I have had the same job for fours and everytime I look for extra work I get offered a position I worked two jobs last year making my own hours one for 15 an hour and the other 20 an hour my main job gave me more hours so after a year I put my resignation in. To the point study things that are impressive and present yourself. People who can’t get jobs is a cop out. Even if it is undesirable you can work McDonald’s, house clean no excuses. People who don’t work get on my nerves. While attending full time college 2008 fiancé lost job 2 days later got a good job and paid for school, bills, good and daycare. Too many excuses.

      • snoopy

        I guess by smart you mean savvy or having common sense. Your grammar is anything but smart with ‘their’ instead of ‘there’ and ‘if I would have…’ instead of ‘if I had have…’. Anyway, you’re correct in what you say but it’s a bit high and mighty to assume the posters above have taken useless degrees. I’m fortunate to have no degree yet hold a good professional job, my wife however having studied bio-medical science is having a hard time finding work in her field. It depends on where you live and other factors.

        • jack nichols

          correcting grammar while shinning shoes seems like a good job for someone of your particular self worth

        • Annette Smith

          I am so surprised that your wife is having a hard time in finding a job in her field. I thought that field was totally open. So sorry…

        • slz

          You lecture tray2000 on grammar? You think he should have written, “if I had have”? That’s the pot calling the kettle black.

      • Hammerstrike

        24.media.tumblr.c o m/tumblr_medhq9021X1ryeto5o1_500.j pg

      • RunOnSentence

        I think you are trying to say, Get a BS not a BA. A technical degree will go much further since the majority of us that have BA can’t really do math. If I may suggest, rather then a BS or BA, got to a trade school for HVAC, electric, plumbing, contracting, etc. Pay is good, you still have to be smart, and an entire genteration of outstanding tradesmen are retiring. Same arguement though, how do you find a job? Finding work is hard for everyone but think about it. The qulity of work speaks for it’s self. Doing it better than the next guy get you work. Lets not forget either that our life is really easy compaired to generations past. Don’t exactly have to work in a coal mine or a feild picking cotton do we. Utilities work for now. Might I also suggest to be a little more self sufficant. Get ride or your internet, cable, cell phone, boom, just saved you a few hundred bucks. We are the only country with obese “poor” people. These people have no idea what poor is. If you have a roof, heat, and some clean undies, you’ll live. So for the rant, I’m bored. I imagine if you read this and are on this site, none of this really applies to you. Best of luck everyone. Stay Calm and Return Fire.

      • Arsh

        I can’t do anything but disagree with you because it is likely that you will view my English Literature degree is worthless. i am lucky enough to have a full time job but it also has to deal with the effort I have put in since I was 15. My cousin on the other hand went to school to be a lab tech and has faced constant layoffs due to over saturation in the field. Is getting a degree in midevil studies dumb, yes, but you have to be extremely careful how you define stupid things to major in because most Americans list English as a worthless degree when it is in fact more useful than a business, marketing, or criminal justice degree.

    • Houtex77

      “Trust in the Lord with all of your heart, lean not toward your own understanding, acknowledge Him in all of your ways, and HE WILL DIRECT YOUR PATHS.

      • anthro_apologist

        Tell that to all of the people starving in the world. Your God is nowhere to be seen. Remember how many children starve in the world the next time you are thanking God for “helping” you with your trivial life.

    • tacoma

      The main purpose of education is education, not getting a job. Education is fundamental, job changes all the time. Education give you knowledge and forces you to think, be creative, solve problems, grow as a person. Today, a typical person changes job and even careers several times during the working years. Education prepares you to adapt to ever changing career challenges. While nothing guarantees success, no education guarantees a lot of failures for the vast majority of people who does not possess great born talents.

      • SAM

        True, education is important, but it is the means to a career. A career is equally important because no job leads to a person being unproductive and a restless society.

        • tacoma

          Of course both of us are correct. But as Day2Day said, a lousy economy does not care how much education and skills you have. People have to go with the flow and the flow is down. Many who are prepared and willing take a leap jumps to a different country and ride a different flow. Don’t laugh – millions did that going to America. Maybe time for a reversal.

    • krinks

      There is nothing like losing a week’s pay for 15 years or so to pay back student loans that were a waste of time.

    • Sacred Warlock

      College degree’s are better than nothing, and secondly if you we’re not as lazy, university is actually the better option as most colleges are just money making schemes… With a nation full of wusses like you, I feel sorry for the few hardworking Americans we have left.

  • Sandbagger

    I have the solution to this Scrooge outlook on the holiday buying season…

    America needs to immediately issue $2,500 to every citizen each month just as Switzerland is considering! That way, Christmas will be so very merry!

    Right? *wink*

    (Um, no. IF that were to actually happen, retailers would raise their prices sky-high and that so-called extra cash would be worthless.)

    My son and I are reading “The Long Winter” by Laura Ingalls Wilder. In it, there’s a chapter called Merry Christmas. The family is living in town and have been cut off from supplies by blizzard after blizzard that has kept the train from getting through the pass. The eat watered down oyster soup for Christmas dinner and are very thankful for it, too. All gifts, but some suspenders for Pa, are handmade from scraps of things.

    I think many of us Americans would be humbled by what was considered one of their best Christmases. Perhaps it should be required reading of all this season on Christmas Eve?

    • Sandbagger

      A website titled: Beyond Little House has a good review of that chapter if anyone is interested. Look up Chapter 18 of The Long Winter.

    • Nic

      Where did you see I will get 2500$ as a Swiss citizen….?
      Even unemployment min is 2200$

      • DiscouragedOne

        Cost of living is double what it is here in Switzerland…and they are picky who they let in.

    • Angie

      My daughter gave me that book as a gift one year, I read it and loved it!!!!! I just wish people would wake up and use their brains and be grateful for what they have, and learn to improvise with what they have.

  • JackieD

    Life for “ordinary people” here in the UK is also dire – you listen to the talking heads & politicians on the radio or tv news, or read the papers and you don’t recognise where it is they’re talking about … is this the same UK I live in? – it’s like living between Alice in Wonderland and 1984. Soundbites, mantras and cliches drown your ears all the time, but if you try to express an opinion about what you experience and see happening to your family, friends and neighbours, then you’re labelled and charged with committing a hate crime!!

  • K

    The economy is in a nose dive that is for sure. Have had to cut back on all my non food related charities. To concentrate on giving as much as I can spare, to the local feeding programs. In the last 18 months demand for food has tripled. Food prices just keep going up, but wages do not. So many worthy programs have had to be put on standby, just to keep people from going hungry. Sad how far down the wrong road we have gone.

    • Tim

      You’re right about food prices. I do most of my shopping at Trader Joe’s because, overall, they have the lowest prices–even lower than ordinary grocery stores–and they carry high-quality food and things you can’t find anywhere else. (They have many organically produced items.) But I’ve noticed that prices at Trader Joe’s have gone up on certain items. It’s definitely straining our budget.

      • El Pollo de Oro

        Tim: I sometimes shop at Trader Joe’s (quality and good prices to boot). And that’s coming from an anti-corporatist who usually makes a point of patronizing mom and pop businesses. When it comes to grocery shopping here in Philly, I’m seeing it all. I see yuppies in the expensive parts of town who only shop at Whole Paycheck or Di Brothers, and on the other hand, I know folks in my very working class neighborhood who are struggling so badly that they only shop at dollar stores.

        • Hammerstrike

          This is the solution.

          youtube.c o m/watch?v=5qOpJC7hy-8

    • Hambone

      Surely you are mistaken about food prices. Bernake said we’re at 1% inflation…

      • K

        Hambone, I know you are kidding. But for anyone else who may not know it, Bernake like most of D.C. lies.

      • Smokeman

        The formula that is used to calculate the rate of inflation changes…to suit the government’s purpose. The government has a whole group of six figure economists that conjure up different formulas that keep the inflation rate low.

        • Hambone

          One of my favorite quotes was “We can’t eat an iPad!”

        • thy daily bread

          Stock up on canned goods. You’ll never regret it.

    • davidmpark

      Food prices! ARRGH!

      Hard Red Winter Wheat for 25 lbs. at the Bishop’s Storehouse is $11.45. When we started in 2004 the price was $4.50. And I remember when getting a steak was the norm: most local restaurants dropped steaks altogether and at the stores here, the best price for them is mock chuck steaks at $6/lbs. Milk is a disaster: 1 gallon milk of the good brand is $5.89, the low end brand is $3.25. In comparison; gas here is $3.49/gallon.

      And for more info: the LDS Bishop’s Storehouse has home canning centers – best bulk prices anywhere. They do not take EBT (thank goodness). The Church has it’s own welfare food stores that are free to the needy with a Bishop’s interview and Relief Society voucher. It’s a better system than the food stamps – food is better quality, grown locally, and no shame.

      • Kim

        I’d starve before I’d eat Mormon food.

        • davidmpark

          Stereotypical LDS dishes; I agree. Nothing worse than “slosh”, “funeral potatoes”, casseroles, and green jello coated with mayo. Whenever it’s served – quote the Geneva Convention.

          That’s why I do French and English meals with it. :)

          • slz

            How would you know what “Mormons” eat? Have you been to a “Mormon” funeral?Dinner? Do Methodists, Lutherans, Catholics serve filet mignon and arugula at church dinners? Probably not. Refer to my comment above to KIm. You, too, just want to parrot anti-”Mormon” comments.

        • Hammerstrike

          What wrong with Mormon food?

        • slz

          Ignorance is bliss, huh, Kim? You ARE informed enough to know that “Mormons” are Christians, hence The Church of Jesus Christ of Latter Day Saints, right? I would never, ever say, “I’d starve before I’d eat Baptist food, or Catholic Food…” Such unmitigated hatred and outright ignorance.
          How disingenuous of you… Of course, you would accept food from a Latter Day Saint if you were starving! Would you allow your family to starve as an LDS family offered you sustenance? You just wanted to parrot stereotypical anti-Mormon garbage. You need to feel shame for your comment.

          • Kim

            I’d starve before I’d eat Mormon food.

          • Kim

            I’d starve before I’d eat Mormon food.

          • Kim

            I’d starve before I’d eat Mormon food

      • Imaplaneiac

        Do you have an ” Aldi ” grocery store close or nearby where you live? Check the web. You’ll find some low prices there! For example, 2% milk is around $2.50 a GALLON! This price is lower than the commissary at my nearby Air Force base! I don’t think you find lower prices at any other grocery chain! And there’s no Membership Fee; such as at Sam’s Club!

        • davidmpark

          No, we don’t. :(

      • Smokeman

        Excuse me, but I have never seen milk for $5.89 / gallon. All of our local restaurants still serve steaks. Where do you live?

        • davidmpark

          Salt Lake County Area. Can’t say exactly where for security reasons. And Jodi gave me some good advice on the clubs.

          Though, I’d prefer to own some goats.

      • Jodi

        I assume you live in Utah. I live in Utah & I’ve never paid $5.89 for a gallon of milk. Shop at Costco or Sam’s Club they both sell their milk for under $2.00.

        • davidmpark

          I live in Salt Lake County – prices here are double what they are outside the Wasatch Front. Winder (the high-end stuff) is going for $5.89 – Western Family is $3.09.

      • Hammerstrike

        youtube.c o m/watch?v=5qOpJC7hy-8

        Eventually, you´ll have to make your own food or starve.

    • Hammerstrike

      Baby boomers have been on the wrong road for over half a century now.

      The devil is now in the room with them, he has come to fetch his part of the deal.

  • Hambone

    All the more reason it’s hard to feel overly sympathetic for furloughed federal workers. It’s a shriking pool of wage earners paying for those on the government payroll, not to mention the other entitlements we involuntarily fund.

    I hate to sound discompassionate, but welcome to a small glimpse of our world, GS employees…

    • Tim

      Agreed. Considering how well they’re compensated, if they don’t have enough savings to get them through a few weeks of furlough, they’re just living too high on the hog!

      • Gay Veteran

        And how many federal employees do you know? I know a woman just barely making ends meet while she raises her 3 kids.
        So stop with the stereotyping.

        • Tim

          Ha! I used to be a federal employee, and I know many federal employees.

          There are certainly exceptions to my comment above. But let me give you an example of what I meant. When I worked in Washington I had a coworker who had been there for well over ten years when he went to buy a house for the first time. Yet he had no money for a down payment! He had to borrow money from his parents for the down payment. With what he was earning, he should have had enough savings for a substantial down payment. But he spent his money on “toys” (his words). And I had other coworkers who were living extravagantly as well.

          I don’t have anything against federal employees. A lot of honest, hard-working people work for the federal government. I worked with many.

        • Max Smith

          3 kids is 4 kids too many.

        • Thomas as in doubting

          How much does her “Baby daddy” contribute to the household?

          • Gay Veteran

            her ex-husband contributes very little, you can’t squeeze blood out of a turnip

          • El Pollo de Oro

            Gay Veteran: I always say that you can’t squeeze blood out of a rock, but when the poor, hungry and desperate become desperate enough and turn to crime, they won’t hesitate to squeeze the trigger (and anyone who has been to Honduras, Guatemala, Papua New Guinea, or El Salvador knows exactly what I’m talking about).

  • Sack man

    Funny. Glad I am continuing to be fully invested in equities including real estate. After all those crashes still seem to always make new highs. And the historical returns far outpace inflation. Faith in the future.

    • Ian Da Ous

      be careful, stocks and realestate are being manipulated by the Federal reserve. In order to keep interest rates down, they are driving investors to the stock market to get a decent profit. The federal reserve is also dumping half a trillion $USD into the housing market, hence the increase in the housing prices. They are both bubbles, potentially they may both crash.

      What you will see if the us defaults on its debts is higher interest rates, thereby you will also see a dramatic decrease in real estate prices. Stocks will probably take a big hit as well.

    • Tom F

      @Sack man, “equities” have returned 1% annually since 2000. That is 14 years of less-than-inflation. There were two 50%+ bear markets in equities in the last 10 years. The markets are now pumped with artificially Fed-fed cheap money, that has no relationship to the real economy. So, good luck with your faith in the future.

  • Rodster

    I can’t but think this economic DESTRUCTION is being done on purpose. I either that or we are dealing with the largest collection of incompetent politicians to work at the Federal level. I say its a mixture of both.

    • Gay Veteran

      they could be using this to justify slashing Social Security and Medicare
      but not the Pentagon of course, or the NSA (National Stasi Agency)

      • Rodster

        I don’t see them slashing SS or MC nor do I see them defunding the military industrial complex. That’s an industry created by the Federal Gov’t. The problem is the politicians put us all in a box. We over promised and over spent our way to ruin.

        It happens to every superpower that operates like an Empire.

  • RarefiedSnotress

    Michael is a sexist man-stat addict.

    • Tim

      Uh, what?

    • SafetyViking

      Stat-addict I get. Where the sexism come in?

    • Guest

      So what does that make you…?

      A man-hating bitch?

      • RarefiedSnotress

        let’s see if re-spelling will allow me to post..
        I’m a speaker of Truth! See the light beyond you anull orifice! (sp)

        • RarefiedSnotress

          Michael has a warped sense of sexist filtering. He allows bitch but he doesn’t allow “anull”.. figures

  • markthetruth

    #23 Slavery is Back in Disguise !!! Were just too Stupid to realize it !!!

    Wake Up People Our Freedom is Gone…

    the end…

  • davidmpark

    Yes, this is difficult to fathom.

    And that is why we have spent so much time and effort to prepare for it. This is for what we have been preparing. It is frightening – but remember that if you are prepared you have no need to fear.

    Remember that there is a God in Heaven. Remember that you have plenty stored for a while and hopefully means to replenish it. Remember the skills and abilities you studied. Remember that you have a family you can support and are supporting through a terrible time to come.

    And yes… I finally got some sleep. Caregiver burnout is a real b#$%&!

  • Tatiana Covington

    How to unload the obsoletes and undesirables in one gulp:

    Step 1: Get them all on EBT.
    Step 2: Turn off the EBT.
    Step 3: Wait 30 days and enjoy the show while it lasts.

    • no what i mean vern?

      That might not be such a great idea unless you are very well stocked up on ammo. An angry mob is not an easy thing to endure.

      • Jim Davis

        Well armed or far enough away from the EBT community.

        • Max Smith

          Half of America is on EBT. So where would one go?

          • El Pollo de Oro

            Many preppers advise: get as far away from big cities as you can. And they’re right about civil unrest and crime in densely populated cities. Problem: desperate, hungry, well-armed people can also go on the rampage in small towns. And if someone is in a really remote location, los policías won’t exactly be within walking distance when they’re being robbed and terrorized. There are small towns in México that are actually more dangerous than la Ciudad de México.

          • Jim Davis

            Alaska? Or maybe buy a sailboat and head out to sea?

          • Max Smith

            I spent more than half my life on the water, in the water or under the water. Believe me when I say there are not many supplies out at sea.

            All the pirates are on land these days.

            It’s easy to hide in Texas. More than half the population claims not to speak any english. So it’s easy to be a stupid gringo here.

    • El Pollo de Oro

      Tatiana Covington: And it will be one hell of a show……..while it lasts. When the money stops flowing down to the man on the street, the blood begins flowing in the streets (Gerald Celente). Desperate people have been known to do really desperate things. They riot, they loot, they rob, they steal, they carjack, they kidnap.

  • rat28

    I believe all the above are caused by GOP.

    • otter1111

      You can’t blame Obamacare on the GOP. Not a single Republican voted for it.

      • rat28

        Obamacare is actually a good thing.. It is provide insurance for people with preexisting condition.

        • kfilly

          It also created the 29 hour work week, businesses are dropping employees to get under the 50 minimum employee limit, and companies are dropping insurance for their employees. The progressives further their agenda to destroy America, and you think it is just wonderful. Rolling my eyes!

          • Jodi

            It’s amazing the low information voter still doesn’t see that Obamacare is a mess. I’m rolling my eyes too!

        • otter1111

          Instead of the government taking over the whole system, how about a safety net for those relatively few with a preexisting condition? Haven’t you read about all of the problems, cost increases, job losses, and total ineptitude in the administration of Obamacare? Just read some of the postings on this site alone. You honestly think Obamacare is still a good thing?

          • rat28

            Actually the original Obamacare plan was to have a single payer system but GOP oppose it so hard that this plan could not get off the shelves. If we have a single payer system which has the govt taking care of the whole healthcare , you will not have any of those problem.

      • Jodi

        Yes, you’re right about the GOP not voting for Obamacare. But from some reason now they refuse to defund it. Only a handful want to defund it now. What happened?

    • Libsare Ajoke

      lmao

  • mikeymike61

    sht be harrd out dere,
    I don’t got no munny fo purple drank

  • no what i mean vern?

    It is true that people are hurting. Things like the EBT incident throughout the South prove that real poverty exists. I don’t condone anyone stealing from the system however. I think that folks see our rulers and “leaders” get away scot-free when stealing billions and figure, “Hey, what the f-ck? Why don’t I gets me some!”

    When jobs were off-shored and immigration gates abandoned, it was only a matter of time when we would see a dependent population existing only to see what “bennies” they could get from a system that doesn’t include them anymore. What you see is what you reap, peoples!

    • Tom F

      The EBT incident didn’t prove there was “real poverty”. It proved that a huge swath of “Americans” will take the first opportunity to steal if they know they can get away with it.

  • SafetyViking

    Alarmist drivel. Been seeing the same statistics for months now….

    • no what i mean vern?

      This is what I call keeping abreasts of things. The info might not be new but it is relevant.

      • SafetyViking

        No argument there. Depends on perspective, I suppose.

        • ian

          i agree with you…this will be a replayed article next ear as well….and next year…and next year……ad infinitum.

  • Grimlock

    Destruction by design

  • no what i mean vern?

    The Obamacare nightmare is probably the worst. The whole operation is revealing itself to be a real clusterfu_k. I was amazed that I as a single mother would have to pay over $270/month with a $5K annual deductible for even the most basic coverage. And this is me, with out a job and a fifteen year old dependent and one on the way. And I (we) still live in my parents house! Give me a break! Is this anyway to run a country. Not why I voted for Obama and definitely won’t due it again.

    • slz

      Nancy Pelosit told you the Senate would have to pass the “Affordable Care Act” to find out what’s in it. And you still voted for her buddy, Barack Obama? This was a nightmare waiting to happen. Obama went to great lengths to say it was not a tax, because that was a road block to the law. Then good old Justice Roberts and/or his colleagues went out of their way to say it IS a tax. Bingo, you got yourself a healthcare law.

  • no what i mean vern?

    When I was a little girl I remember going into town after church on Sunday to see the Christmas lights and window displays downtown. Well it was just beautiful, no snow but cold and crisp, wintry! We were all dressed up and would go into the different stores to create our wish lists for Santa. I don’t see that anymore in America today. Malls just aren’t the same. The rush of the interstate malls and the parking fiascos that accompany them just pale in comparison. There was nothing like a leisurely stroll downtown, window shopping during Christmas to make you feel all warm and fuzzy inside. There just isn’t that feeling anymore. Everything has changed. Money (or lack thereof ) is part of it, but a certain innocence is gone as well.

    • davidmpark

      I remember those days. Downtown used to be a family outing. The Christmas lights everywhere. The heavy traffic seemed normal. We used to get a hotcake wrapped in a cone and filled with nuts and candied fruits – all of it very warm. The malls were decked out in color galore. Prices were reasonable, I think. We didn’t mind the cold, either. It was the only time my Mom and Dad seemed to genuinely care…

      I’ve tried to get my kids to experience this (though I always care about ‘em). No decorations apart from some cheap banners. No music. No displays apart from scan-able posters with websites. Store shelves aren’t fully stocked, when they are partially it’s with overpriced, cheaply made imports. And, not a lot of people.

    • jakartaman

      The Government has killed religion in this secular progress dying country

      • Gay Veteran

        really? religion must be pretty weak then

        • MountainWoman

          I think he means, ..”the free exercise thereof”.

          • Gay Veteran

            oh? and how is the “free exercise of religion” being killed?

  • davidmpark

    I think it’s time to bring back the old-fashioned Christmas. Not about giving stuff that others use to gauge your worth to them. But about enjoying the harvest, the traditions, the simplicity of gathering as a family to enjoy one anothers company and to be “merry.”

    Do we even know how to be merry anymore?

  • Christine

    Remember this? America, WAKE UP!!

    THE FALL OF THE ATHENIAN REPUBLIC

    Historic | 1787 | Alexander Tyler

    At about the time our original 13 states adopted their new constitution in 1787, Alexander Tyler – a
    Scottish history professor at the University of Edinburgh – had this to say about “The Fall of the Athenian Republic” some 2,000 years prior:

    THE FALL OF THE
    ATHENIAN REPUBLIC… “A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public
    treasury, with the result that every democracy will finally collapse over loose fiscal policy, (which is) always followed by a dictatorship.”

    “The average age of the world’s greatest civilizations from the beginning of history, has been
    about 200 years. During those 200 years, these nations always progressed through the following sequence:

    From bondage to spiritual faith; From spiritual
    faith to great courage; From courage to liberty; From liberty to abundance; From abundance to complacency; From complacency to apathy, From apathy to dependence, From dependence back into bondage.”

    • slz

      Thank you, thank you. One of my favorite quotes of all time. I’d say America is somewhere in the apathy to dependence part of the cycle. Most are apathetic. Many are dependent. The question: To whom will we be in bondage? Scary, but inevitable.

  • davidmpark

    USDA just sent us notice that SNAP benefits for my wife and kids will be cut for November and afterwards. They are blaming the Government shutdown.

    This is illegal. The SNAP program along with her SSDI, Medicare, and such is slated as mandatory spending by law. The only way this is done is by Executive order to not follow the law.

    If there is no resolution, I’m sending notice to our city and county stating that I will reinstate our self-reliance programs – whether they’ll allow it or not.

    If the progressives wanna make us hurt for their glory, then I refuse to accept.

    • K

      David I understand your anger. But notifying the powers that be, that you are going to willfully violate the law, that just gets you special attention. You are a caregiver, and a father. You can not afford to be the one, they make an example of. Remember, anger no matter how justified is useless, if the injured parties are your loved ones. You owe them no notice, give them none.

      • davidmpark

        City council already ordered a review of all the laws affecting this. The changes are expected in November. The notice is to urge them on. We still have police patrolling our area for code violators like Gestapo.

        I haven’t forgotten where we stand and how much we’re in it; thanks for the concern, K. Appreciate it. :)

      • davidmpark

        K, you got me thinking… I really should just #$%& it for a while and relax. I am a father, husband, and caregiver: I am prepared for these eventualities, I am fine with God, and the City and County ARE working on a solution to their screw ups. I need to take some time to sleep, relax, and have a little fun.

        • K

          God Bless you.

    • Gay Veteran

      “…and such is slated as mandatory spending by law….”
      really? you think TPTB will pay you first over the Pentagon?

      • davidmpark

        I expect them to hurt us. Painfully.

    • https://www.facebook.com/beth.s.owens1?ref=tn_tnmn Beth

      WIC says that their Nov. vouchers are tentative. Advising Mommas to stash and freeze formula just in case. SO sad! I got WIC 20 or so years ago when I was a young Momma…it’s a great program.

  • Abdi M

    I am a 15 year old in Maine and I regularly read your articles and I am very scared about the coming years for America

  • Rene Girrard

    Thanks Michael for being the one guy who speaks for the middle class in America. I am so sick of NBC, ABC, CBS, MSNBC & even Fox News regurditating the same ole garbage about things from their perspective. All these TV people are 6-figure and 7-figure income people, and they do not want to jeopardize their salaries so they never speak the truth from a middle class perspective. Their job is to appease the elites (think Karl Rove, John Boehner, Eric Cantor and whoever is the head of their news department) so that their elite salaries are maintained. I was surprised at how conservative Sean Hannity & Rush Limbaugh have been lately. I thought they were both country club republicans, but maybe I am wrong.

    • Gay Veteran

      Sean Hannity & Rush Limbaugh are media whores just like the rest of them in the corporate media

    • slz

      Why did you only specify Republicans by name? You don’t think NBC, ABC, CBS, MSNBC…are appeasing the Democrats and progressive elitists, as well? If so, you are intelectually dishonest! Since when is Karl Rove a possible head of MSNBC’s news department? Give us all a break.

  • CherylGail Brostrom

    When I went to Stater Bros and Walgreens last night I found both stores virtually empty of customers. When in the grocery store walking down the tissue paper aisle, a saleslady enthusiastically greeted me wanting to know if I needed assistance selecting a product. No, I didn’t need help, thank you. When I went to Walgreens, the same thing happened. I just walked into the empty store and a manager walked up to me and brightly asked me if she could help me find anything. Once again, I knew exactly where the batteries were and didn’t need her help. These poor salespeople must be going a little crazy with no customers and hopes for a busy Christmas season must seem a bit far fetched. There is only so much you can do to straighten out the products on the shelves in the meantime.

    • slz

      I have experienced the same thing at Walgreens. I don’t know where you live, but I live in a small community near Cary, NC…a thriving area with little sign of a recession. Its happening all over. I plan to do very little Christmas spending and we are probably in the top 10% of earners. We would much rather donate to charities.

  • Steve Myles

    The sound of coal trucks left the mountains and with it, the jobs. Tourists come to stare at the fall scenery and the changing leaves remind me that winter is not far behind. For everything there is a season.

  • PARASITE

    I have a bunch of people who I plan to kill the minute the economy falls. I keep them close at all time. I am not worried. I am actually excited because I also have another bunch of people that I plan to kill and rob when the shtf. I am parasite.

  • harleyrider1989

    Barack Obama is Lying about the Debt Ceiling and Default

    Barack Obama is lying shamefully lying to the American people about the debt ceiling and national default, and he knows it. It’s not just me saying this, it’s major bond-rating agency Moody’s (emphasis added):

    “The government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact. The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.”

  • rickv404

    “#17 Obamacare is causing health insurance premiums to skyrocket and this is reducing the disposable income that consumers have available.”

    This is what’s going to accelerate economic decline in the near future, more than anything else.

  • jakartaman

    Lets see – what is in the future that we can hold out hope for???
    Obviously, nothing – It is going to get a lot worse.
    Following the dots – It would appear to me that a world wide economic collages will happen within the next tow years. That will be followed by wars and massive civil disobedience.
    Could this be Gods design? The world has turned its back on GOD and he has every right to be angry.
    Major events in the bible happen in 2000 year chunks.

    • Lucille

      You do realize that in other countries economies are failing, people are starving, dying, killing each other in generational wars, etc? God is not signaling out America. These problems are the result of a society that had it all and threw it all away for bread and circuses. Not being involved in what their government and elected leaders were doing. Not caring unless something directly affected themselves or their family.

      What is happening now is a consequence of passivity that has been breed into each generation (comfort it seems results in chains of oppression that many willingly wear).

      These things were set in motion at the beginning of the creation of this country. As throughout history there have always been those who have wanted more power and control.

      Nothing lasts forever, empires decay from the inside out. Can we please put the blame on ourselves where it belongs instead of attributing it to God?

      Honestly if you really think God cares about the state of only America’s economy think again. And for all those readers and believers of the Bible you are supposed to store your treasure in heaven not here on earth; so what are you worried about?

    • slz

      You are so correct.

  • DJohn1

    Domestic vehicle sales just experienced their largest “miss” relative to expectations since January 2009.
    The real problem here is quality control. Along with the price being higher than the foreign models. This little difficulty has ruined Detroit. As more and more people experience automobile repair bills from domestic models, they go to foreign vehicles instead. Someone needs to address this and fix it.

    Right now, one out of every five households in the United States is on food stamps. There are going to be a lot of struggling families out there this winter, so please be generous with organizations that help the poor. A lot of people are really going to need their help during the cold months ahead.
    Recently this weekend no one could use food stamps because of a computer problem with the debit cards. Had nothing to do with a government shutdown according to the news broadcasts and the problem was fixed right away. (took about a day to fix.)
    Or was it a feeler to see what would happen?
    Because in all the years I have been around newspapers, I do not remember this problem ever occurring before. It might have and I just didn’t notice. That it occurred now was a very bad piece of timing.

    The problem is without food stamps a lot of people are not going to be able to feed their families. So that puts it in a very bad situation for government that is supply that food.
    I am not on food stamps. I know a lot of people that are.
    Then you have a lack of raises for people on Social Security over the last 6 years. The COLA has been changed so people on Social Security do not get raises. The average raise was 4.1% before Obama took office. If we go by past history then the Social Security should be 24% or better higher than what it is right now.
    This is people supporting no only themselves but often their children in middle age without jobs.

    So with that in mind, I suspect we will either have the greatest credit card debt this Christmas in history or people will go without a lot of Christmas gifts. The key here is income that doesn’t go to pay bills. Discretionary income is at an all time low.
    So, I suspect the retail market will fold this Christmas.

  • Richard O. Mann

    America. It was fun while it lasted.

  • Houtex77

    If you think it’s bad now, just wait until after the rapture.

  • tacoma

    Let me remind everybody how the current situation got developed:

    1) In 1975 president Nixon defaulted on Treasury bonds by refusing to repay creditors in gold as legally promised. He de-linked gold backing of the dollar, and issued billions of new dollar to repay maturing Treasury bonds. Thus started the slippery slide to a monetary policy of unfettered dollar printing to finance the country. [By the way, Nixon did his default due to inability to pay Vietnam War debt to foreigners.]
    2) US national debt increased gradually over the next 20 years, and has become a de facto policy to finance ever bigger government expenses instead of using tax revenue. US taxation remains lowest yet government expenses and benefits just keep growing. National debt piled to $8 trillion by 2000, 30% of which is owed to foreigners.

    3) After 9/11, US government went into an overdrived financial policy of unchecked borrowings. War on Afghanistan, Iraq, ‘terror’, border security, NSA, endless stimulus, huge government benefit programs, pensions, big and bigger military and defense tech,… the list is endless and cover every sector of the human condition. Debt piled to $12 trillion, nearly half owed to foreigners. [Note: foreign debt is the real measure - it must be repaid and a default on payment is the REAL serious default.]

    4) The real estate and finance bubble, biggest in human history and was cooked up by the Federal Reserve to finance government debt, blew up in 2008 followed by years of damages. The collapse means $12 trillion debt accumulated cannot be repaid. But in order to keep the economy going and lessen suffering, the government decided to borrow yet another $4 trillion to pay for the ‘good life’ after the gigantic 2008 blowup. It refused to use tax.

    5) Today, debt is near $17 trillion, adding $1 trillion per year due to a busted up economy and unwillingness to match economy with finance. The US has issued $10 trillion of debt, 40% of which financed by foreigners, since 1998. $10 TRILLION.

    Since when in human history a state can issue that much debt out of thin air to finance a real economy? I thought the basic laws of economics and physics dictate that money is issued to measure real and human wealth. Not tree leaves.

    If you don’t understand this, just ask why the Roman Empire died, why the Spanish Empire died, why the British Empire died, to name the famous ones. Do you think they would die if they can simply print money out of air to run the economy?

    It is finally time for USA to face the consequences of its policy. And that means a path of $6 – $8 trillion economic downsizing. Unless some genius or company can create something that’s worth that much and give it all away to Uncle Sam. Those who have been educated will understand this effect as ‘you cannot violate the basic laws of physics and economics’. Not even the ‘Exceptional’ USA.

    • slz

      Bingo! But, but the party has been so much fun for so many. Most refuse to see that the cake and punch are almost gone. The party is coming to an end and only when the hostess kicks them out the door will they realize it is over.

  • Libsare Ajoke

    it all looks good to a “gary”

  • El Pollo de Oro

    If you want to measure how badly the economy is doing, just get a new cell phone number. You’ll be inundated with nonstop calls from a bunch of robo-dialing debt collectors going after the person who used to have that number. Economic recovery? Ha ha ha! Yeah, right! Try ever-worsening depression in The Banana Republic of America.

  • Bad Kitty Cat

    I believe this guy, if I remember him correctly, truely needs the help. You should really check the facts before making a judgement. And the truth is, there are too many laws preventing people from supporting themselves!

  • Leena Silver

    Y’all are crazy a degree means a lot. If I had to choose between people with a degree or no degree I am gonna pick someone with a degree. It’s hard but school gives you an advantage. There’s not less jobs just less desirable jobs. I started full time school in 2005 my son was 3 months old. I bought my house in 2006 then the economy hit I still went to school worked full time and shaking my couch for change. There were times I worked from 6am til 12 am then went home and did school work sometimes I got 2 hours of sleep. I wasn’t at catholic charities asking for help because i cant depend on people to pay my bills. You got to want it bad enough. People say o I don’t have no money for school student loans is the answer. I have 100000 in student loans my payment is 47.00 a month. My advice is to do your research and if you put your mind to it you can do it.

    • DiscouragedOne

      My son got his B.S., but he still can’t find a job after 6 months.

      • Leena Silver

        He needs to look in other fields. I got a b.s in legal studies. I teach ESL also last year I worked with a company with foreign exchange students. Just cuz he has a B.S. in a certain field does not mean he can not find a job in another field.

        • DiscouragedOne

          He has looked everywhere he can think of.

  • cherylmeril

    Heaven will be the only place anyone will want to be as the world disintegrates and breaks down into chaotic hell.

    • El Pollo de Oro

      World War III combined with The Greatest Depression (a global economic nightmare even worse than the 1930s) will be hell on Earth. Fasten your seatbelts: it’s going to be a bumpy night.

  • A D

    60%+ believe the Gov should pay for welfare, foodstamps, hud, medical, ect.. The USA is hemorrhaging, just hit the RESET switch.

    • slz

      If only there were a RESET switch. I think nothing short of a total collapse of the economy, government…and a new paradigm rising from the ashes will change all this. But we have to return to the ageless standards of morality and honor and integrity, etc. or we will go right back down this road again.

  • stopthesocialism

    Keep the shutdown in place, and don’t raise the debt limit.

    • Infidel51

      Amen.

  • 2Gary2

    no one has any money to spend. All the wealth was and still is being funneled to the 1% thanks to conservatives refusing to tax the rich hard and spread the wealth.

    • Infidel51

      Its a spending problem not a revenue problem. Revenue has increased dramatically over the past five years. Obozo and company are like teenagers with daddys credit card.

    • Daddyotis

      Dude, you GOTTA get away from the cons vs. libs refrain (“Gee, if only those conservatives would allow liberal policies to prevail, everything would be OK”). Don’t you GET IT??? You are being PLAYED! The Repub/Dem faux battle is a smokescreen to keep us all hating each other while the top 1% steal us blind! Wake up and stop with the “conservatives refusing to tax the rich hard” BS!

      • 2Gary2

        your probably correct–its that the tea billies are so darn nuts…

    • slz

      My husband went to Dental School for four years, after four years of Undergrad, at great expense to him and his parents to earn a good living. In essence, he works until June each year solely to pay for anything, and everything, the government chooses to spend taxpayer money on. He worked hard for that degree and why should he have to give more and more to pay for the poor choices of others? We do give 18% of our after-tax income to charities because we do care for the poor.

      • 2Gary2

        here in WI there are almost no dentists who see people of the badger care state insurance for the poor. As part of getting and keeping their dental license ALL dentists need to be required to accept a certain number of the badger care people. If they refuse no license. Society is we not just I

  • bobcat

    It’s not a matter of worthless degrees. Even engineering majors are having difficulties finding jobs because there aren’t many openings. A recent article in the IEEE Spectrum pointed out that there are 15 million people in the US with STEM degrees and only 3 million are working in STEM fields.

    You would be as well off with an English degree. There will always be a need for writers and editors and an English degree never becomes obsolete. Engineering degrees by contrast are said to have a half life of about 5 years.

    30 years ago, perhaps 1/4 of the workforce had a college degree. Today, 1/2 of the workforce has a college degree. Many jobs that did not require college degrees in the past now do. It’s not because it’s needed to do the work. Employers require college degrees because they know most of the applicants will probably have one anyway.

    The problem is there simply aren’t many good paying jobs for college grads and it’s been getting worse for the past 25 years. All those who said outsourcing doesn’t matter couldn’t have been more wrong. It bloody well does matter.

    • slz

      My husband is a dentist. There is a huge and growing shortage of dentists in the U.S. It is a lot of hard work (dental school that is), but pays very well and is awfully secure. Why do young people shy away from this field?

  • indian

    Indian and china will buy US companies

  • jack nichols

    get armed and ready the SHTF soon and it will be interesting to participate in the festivities

    • Hammerstrike

      Let the party begiiiiiiin!

  • PhilipUpNorth

    Formula for Deficit Reduction:
    $1 cut in Entitlements
    $1 cut in Defense
    $1 Increase in Capital Gains Tax

    Sounds fair to me. ;)

  • NoSheDidn’t!

    What baffles me is that i don’t have an option now: originally i was planning on opting out of the healthcare crap and just save a monthly amount of money as my medical cost fund, sort of like self insured. But now thanks to Obamcare if i opt out of their crappy plans, they will still take my money through a tax fine…they want their cake and eat it too! they are so dog gone transparent int heir intentions! They couldn’t care less about people’s health or medical cost afforability, al they care about is their worthless mass produced money and ways to screw people up. It’s all a game for congress and those fat cats who bailed fromt obamacare like rats jumping off a sinking ship…. hate it!!!!!!!!! I AM IN FOR A CIVIL WAR!!!!!

  • Brad

    I think this nation is screwed. What has happen to this once great country? Years ago you could make a decent living without a college degree. Being unemployed since June of this year, I have noticed that companies want employees with college decrees, but these jobs are entry level jobs that anybody could do, without a college degree. Yes, the party is over!

    • TX4Life

      This is true. My spouse has a college degree but took an entry level job recently. I’m not even sure it pays a decent living in today’s economy but we’ll have to figure out how to live within it.

      • Hammerstrike

        If you can´t get a job, be politically active.

    • Hammerstrike

      Secession, the only solution.

  • Graybeardvet

    I am a Retired 26 year Navy Electricains Mate and you sir are a fake……no one calls it the “eating area”…….it’s called a “Mess Deck”…..remember that the next time you decide to embellish in the comment section…..

    • Brian Harrington

      well chief I was a culinary specalist for 20 years am very certain of what a mess deck is but our civilian readers don’t and pepole in the airforce and army won’t know what we are talking about ie galley mess tent or messdeck and so on am no fake am a persian gulf vet 2xs 1991 and I was just south of the persian gulf when 911 went down I was on the USS ENTERPRISE CVN 65 and my last duty station was in Fallon NV Brian Harrington Cs2(AW) USN RET:

  • Hammerstrike

    When was that?

  • Annette Smith

    How long before Gerald Celente’s predictions come true? How long before the big crash? When are we going to be in lockdown? When are we going to that great war, GC tells us we are being led into.

  • Lance Bryant

    So many angry people in this thread it is sort of shocking. Anyway. Seems to me that its not so much the education that matters so much as the ability to apply it. Many people have jobs that they “should not have” because they have a strong experience background that others with the degrees just do not have and as a result are better hires. If your not a psychologist, a doctor or a lawyer then chances are you just really need to focus on the quality of your experience and getting that experience will lead to getting the job. I dont have a degree myself, but I take jobs from many people my age and older that have the degree.

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